For 10 months of 2018 Russia-India trade turnover amounted to $8.5 bn and increased by 17% compared to the same period of 2017.
Russia’s export went up by 21% to $5.9 bn, while its import increased by 8.7% to $2.6 bn.
The significant share of Russia’s export to India was constituted by machinery (engines, industrial equipment and spare parts). Other major export goods were mineral products (petroleum oils and oil products, bituminous coal, silver and diamonds).India exported to Russia chemicals and pharmaceuticals, food products (tea, coffee, meat, sea products, tobacco products), telephones and other goods.
The ministries of agriculture of Iran, Russia and Kazakhstan have concluded a trilateral memorandum of understanding on the issue of wheat trade.
Trade turnover between Russia and Germany increased 8.4% and reached nearly ˆ62 billion ($70 billion) in 2018 compared to previous year.
In 2018 Russia’s meat export amounted to 288.5 thous. t, it is a 21% increase compared to 2017.
About the models of business development in another country and professional secrets is told by a practicing expert on work in international markets Anna Trubetskaya