MOSCOW TIME: 14.08.2020 20:25:42

Economy

Russian-Indian Trade on the Rise

Russian-Indian Trade on the Rise

Trade between Russia and India totaled US$9.4bn in 2017 a 21% increase on the previous year.

Russia’s exports to India (69%) exceeded more than twice its imports from India (31%).

Russias key exports which amounted to $6.5bn in 2017 — a 22% increase on 2016 were mineral fuels, oil and oil products, jointly accounting for 23% of the exports and totaling US$1.5bn (more than three times in value terms than in 2016).

Indias exports to Russia rose in 2017 by 21% from the previous year to a total US$2.9bn, with pharmaceuticals as the key export whose 19% share was worth US$560m a 23% in increase on 2016.

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Russia exports India

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