https://sputniknews.in/20231223/india-russia-trade-turnover-exceeds-usd-50-bln-for-first-time-5940214.html
India-Russia Trade Turnover Exceeds USD 50 Bln for First Time
India-Russia Trade Turnover Exceeds USD 50 Bln for First Time
Sputnik India
Trade between India and Russia doubled in the first 10 months of 2023 and exceeded a record $54.7 billion, as per Sputnik's calculations, based on Indian customs data.
2023-12-23T13:58+0530
2023-12-23T13:58+0530
2023-12-23T13:58+0530
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Trade between India and Russia doubled in the first 10 months of 2023 and exceeded a record $54.7 billion, as per Sputnik's calculations, based on Indian customs data.This also affirms Russia’s position as the fourth largest trade partner of India.India’s import of goods from Russia during the period of January-October doubled to $51.4 billion, while exports also increased by 1.4 times, to $3.3 billion.The trade figures between the two countries are double the amount for the same period last year.Apart from this, the US continues to be India's largest trade partner, despite trade between two countries decreasing by nine per cent to $99.9 billion, while China is the second largest partner, although trade declined by four per cent to $95.8 billion.Despite a decrease in trade of nine per cent, the UAE is India's third largest trade partner, as it was recorded at $64 billion, whereas Saudi Arabia is India's fifth largest trade partner with $37.3 billion, recording a decline of 17 per cent in trade.
https://sputniknews.in/20231023/russian-indian-trade-soars-past-2022-figures-hitting-438b-in-2023-5032693.html
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india-russia trade turnover, india-russia trade, oil purchase
india-russia trade turnover, india-russia trade, oil purchase
India-Russia Trade Turnover Exceeds USD 50 Bln for First Time
For the first time, trade between India and Russia has surpassed the $50-billion mark. Earlier this year, the Indian Ministry of Commerce and Industry stated that trade between the two countries hit $43.8 billion between January-August.
Trade between India and Russia doubled in the first 10 months of 2023 and exceeded a record $54.7 billion, as per Sputnik's calculations, based on Indian customs data.
This also affirms Russia’s position as the
fourth largest trade partner of India.
India’s
import of goods from Russia during the period of January-October doubled to $51.4 billion, while exports also increased by 1.4 times, to $3.3 billion.
The trade figures between the two countries are double the amount for the same period last year.
Apart from this, the
US continues to be India's largest trade partner, despite trade between two countries decreasing by nine per cent to $99.9 billion, while China is the second largest partner, although trade declined by four per cent to $95.8 billion.
Despite a decrease in trade of nine per cent, the UAE is India's third largest trade partner, as it was recorded at $64 billion, whereas Saudi Arabia is India's fifth largest trade partner with $37.3 billion, recording a decline of 17 per cent in trade.
