https://sputniknews.in/20240520/india--russia-reach-record-175-billion-in-trade-during-january-march-period-7410037.html
India & Russia Reach Record $17.5 Billion in Trade During January-March Period
India & Russia Reach Record $17.5 Billion in Trade During January-March Period
Sputnik India
In the first quarter of the year, India saw a remarkable 22% increase in exports to Russia, totalling $1.2 billion, pushing Russia up to 28th place in the list... 20.05.2024, Sputnik India
2024-05-20T16:16+0530
2024-05-20T16:16+0530
2024-05-20T16:16+0530
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Trade between Russia and India reached an all-time high of $17.5 billion in the first quarter, according to Sputnik's calculations based on data from the Indian Ministry of Industry and Commerce.This represents an increase of 5% year-on-year and exceeds the previous peak of $17 billion in the second quarter of last year.During this period, China emerged as India's most important trading partner, with bilateral trade growing by 9.6% to $29.5 billion. Conversely, India's trade with the United States declined by 3.8% to $29.4 billion.The United Arab Emirates maintained its third position with a notable 25% increase to $26.1 billion. Saudi Arabia rounded off the top five, with its trade with India falling by 8.3% to $12.2 billion.Meanwhile, India's exports to Russia rose by 22% to $1.2 billion in January-March, making Russia the 28th largest recipient of Indian goods.Notably, the top five destinations for Indian goods are the United States ($20.8 billion), the United Arab Emirates ($10.9 billion), the Netherlands ($6.8 billion), Singapore ($5.5 billion) and China ($4.7 billion).
https://sputniknews.in/20240519/india-doubles-diamond-purchases-from-russia-in-march-7407648.html
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India & Russia Reach Record $17.5 Billion in Trade During January-March Period
In the first quarter of the year, India saw a remarkable 22% increase in exports to Russia, totalling $1.2 billion, pushing Russia up to 28th place in the list of countries receiving Indian goods.
Trade between Russia and India reached an all-time high of $17.5 billion in the first quarter, according to Sputnik's calculations based on data from the Indian Ministry of Industry and Commerce.
This represents an increase of 5% year-on-year and exceeds the previous peak of $17 billion in the second quarter of last year.
Breaking down the figures, trade was $6 billion in January and $5.2 billion in February, with March showing a significant increase of 7.6% year-on-year to $6.3 billion, close to the record of $6.33 billion set in May last year.
During this period,
China emerged as India's most important trading partner, with
bilateral trade growing by 9.6% to $29.5 billion. Conversely, India's trade with the United States declined by 3.8% to $29.4 billion.
The United Arab Emirates maintained its third position with a notable 25% increase to $26.1 billion. Saudi Arabia rounded off the top five, with its trade with India falling by 8.3% to $12.2 billion.
Russia retained its status as India's second-largest supplier of goods in the first quarter, exporting $16.3 billion worth of goods compared to $15.6 billion a year earlier.
Meanwhile,
India's exports to Russia rose by 22% to $1.2 billion in January-March, making Russia the 28th largest recipient of Indian goods.
Notably, the top five destinations for Indian goods are the United States ($20.8 billion), the United Arab Emirates ($10.9 billion), the Netherlands ($6.8 billion), Singapore ($5.5 billion) and China ($4.7 billion).
