https://sputniknews.in/20240716/russias-export-to-india-for-1st-time-tops-7bln--7851542.html
Russia's Export to India for 1st Time Tops $7Bln
Russia's Export to India for 1st Time Tops $7Bln
Sputnik India
MOSCOW (Sputnik) - Russia's exports to India amounted to $7.1 billion in May, which is around 33% more than in April and 18% more than in May last year... 16.07.2024, Sputnik India
2024-07-16T14:00+0530
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At the same time, Indian exports to Russia grew by 5% since April and 40% since 2023, to $425.4 million. As a result of the trade increase, bilateral trade reached a record $7.5 billion. The previous record of $6.3 billion was reached in February and March this year and in May 2023. In the first five months of 2024, Russia's exports to India increased by 11.4% to $28.7 billion. With this, Russia became India's second-largest trade partner, outpaced only by China, whose exports in India amounted to $41.1 billion over the same period. Export of Indian goods to Russia grew by approximately 25% since January to $2 billion. Russia remains the 29th largest importer of Indian goods. The top five are the United States with $34.9 billion of imported goods in the same period, the United Arab Emirates ($16.6), the Netherlands ($12 billion), Singapore ($8.1 billion) and China ($7.3 billion).
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india, china, russia, trade corridor, sea trade, rupee-rouble trade, trade in national currencies
india, china, russia, trade corridor, sea trade, rupee-rouble trade, trade in national currencies
Russia's Export to India for 1st Time Tops $7Bln
14:00 16.07.2024 (Updated: 14:01 16.07.2024) MOSCOW (Sputnik) - Russia's exports to India amounted to $7.1 billion in May, which is around 33% more than in April and 18% more than in May last year, Sputnik calculated based on data from the Indian Commerce and Industry Ministry.
At the same time, Indian exports to Russia grew by 5% since April and 40% since 2023, to $425.4 million.
As a result of the trade increase, bilateral trade reached a record $7.5 billion. The previous record of $6.3 billion was reached in February and March this year and in May 2023.
In the first five months of 2024, Russia's exports to India increased by 11.4% to $28.7 billion. With this, Russia became India's second-largest trade partner, outpaced only by China, whose exports in India amounted to $41.1 billion over the same period.
Export of Indian goods to Russia grew by approximately 25% since January to $2 billion. Russia remains the 29th largest importer of Indian goods. The top five are the United States with $34.9 billion of imported goods in the same period, the United Arab Emirates ($16.6), the Netherlands ($12 billion), Singapore ($8.1 billion) and China ($7.3 billion).
