globaltraffic.earth

Trade between India and Russia

In 2024, India exported $4.8 billion to Russia and imported $66.4 billion. India ran a deficit of $61.5 billion with Russia, compared with a deficit of $2.9 billion in 2019. Russia was India’s 4th largest trading partner (6% of its trade), and India was Russia’s 2nd (12%).

Summary

India → Russia
$4.8billion
Russia → India
$66.4billion
India’s balance
-$61.5billion

Balance

India’s trade balance with Russia

Trade between India and Russia grew 38.6-fold since 1995

USD billions (current). India’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 4.8
  • Imports 66.4
  • Balance -61.5

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$1 billion$807 million$234 million
1996$795 million$770 million$25 million
1997$1 billion$808 million$206 million
1998$787 million$682 million$105 million
1999$942 million$1.1 billion-$134 million
2000$777 million$1 billion-$259 million
2001$743 million$910 million-$167 million
2002$677 million$891 million-$214 million
2003$703 million$1.2 billion-$508 million
2004$710 million$2 billion-$1.3 billion
2005$858 million$2.8 billion-$2 billion
2006$1.1 billion$2.4 billion-$1.3 billion
2007$1.4 billion$3.4 billion-$2 billion
2008$1.8 billion$5.2 billion-$3.4 billion
2009$1.6 billion$4.4 billion-$2.8 billion
2010$2.3 billion$4.6 billion-$2.3 billion
2011$2.9 billion$5.2 billion-$2.3 billion
2012$3.1 billion$5.9 billion-$2.8 billion
2013$3.3 billion$4.6 billion-$1.3 billion
2014$3.4 billion$4.9 billion-$1.5 billion
2015$2.4 billion$5 billion-$2.6 billion
2016$2.7 billion$5.5 billion-$2.8 billion
2017$3.1 billion$7.5 billion-$4.4 billion
2018$3.2 billion$6.7 billion-$3.6 billion
2019$3.9 billion$6.7 billion-$2.9 billion
2020$3.4 billion$6.1 billion-$2.7 billion
2021$4.3 billion$7.9 billion-$3.6 billion
2022$2.9 billion$40.4 billion-$37.5 billion
2023$4.1 billion$66.1 billion-$62.1 billion
2024$4.8 billion$66.4 billion-$61.5 billion

What they sell each other

What India sells to Russia

The top 10 headings in 2024, with their share of the total.

  1. Computers$482 million · 10%
    2 thousand tonnes · Russia’s sources
  2. Medicines in measured doses or retail packs$380 million · 7.9%
    10 thousand tonnes · India’s destinations
  3. Cameras and broadcast equipment$243 million · 5%
    249 tonnes
  4. Aluminum oxide and hydroxide$158 million · 3.3%
    359 thousand tonnes
  5. Ceramic tiles$141 million · 2.9%
    224 thousand tonnes
  6. Crustaceans (shrimp, lobster, crab)$122 million · 2.5%
    18 thousand tonnes
  7. Instant coffee and tea extracts$80 million · 1.7%
    15 thousand tonnes
  8. Tea$74 million · 1.5%
    36 thousand tonnes
  9. Nitrogen heterocyclic compounds$74 million · 1.5%
    1 thousand tonnes
  10. Rice$70 million · 1.4%
    122 thousand tonnes · India’s destinations

What Russia sells to India

The top 10 headings in 2024, with their share of the total.

  1. Crude petroleum$52.7 billion · 79.4%
    92 million tonnes · Russia’s destinations
  2. Coal$3.9 billion · 5.9%
    26.9 million tonnes · Russia’s destinations
  3. Refined petroleum$2.7 billion · 4.1%
    5.4 million tonnes · Russia’s destinations
  4. Sunflower, safflower and cottonseed oil$2 billion · 3%
    2 million tonnes
  5. Mixed fertilizers$753 million · 1.1%
    1.8 million tonnes
  6. Diamonds$653 million · 0.98%
    1 tonne · Russia’s destinations
  7. Dried legumes (beans, lentils, peas)$577 million · 0.87%
    1.2 million tonnes · India’s sources
  8. Nitrogen fertilizers$537 million · 0.81%
    1.5 million tonnes
  9. Potash fertilizers$319 million · 0.48%
    1.1 million tonnes
  10. Soybean oil$285 million · 0.43%
    283 thousand tonnes · India’s sources

How it travels

Estimated sea route from Nhava Sheva (Mumbai) to Saint Petersburg.

The estimated sea route between Nhava Sheva (Mumbai) and Saint Petersburg is 12,332 nautical miles (22,839 km) long: ≈ 28.5–36.5 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Cape of Good Hope, the Strait of Dover and the Øresund (12,332 nautical miles); and 15% via the Bab-el-Mandeb Strait, the Suez Canal, the Strait of Gibraltar, the Strait of Dover and the Øresund (7,836 nautical miles).

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$68.8 billion · 96.7%
  2. Air$2.4 billion · 3.3%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Russia was India’s 4th largest trading partner (6% of its trade), and India was Russia’s 2nd (12%).

Russia in India’s trade
6.2%
Russia’s rank among India’s partners
4th
India in Russia’s trade
12.3%
India’s rank among Russia’s partners
2nd

Compare with

Other partners of India

Other partners of Russia

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.