India-Russia Trade Overview 2021-22
Russia has always been a crucial trade partner of India. Russia stands 5th on the list of top trading partners of India. As per our latest India import export data reports, India-Russia trade grew by 45% between 2021-22. And it could reach upto 58% in 2023. Our Year wise India customs data reports suggest that the bilateral trade between Russia and India totaled around 11.16 Billion USD in 2019, 9.31 Billion USD in 2020, and 12 Billion USD in 2021. Recently Russia has become the number one crude oil exporter to India. India shipment data suggests that India imported 1 million barrels of crude oil every day in December 2021. This is due to the heavy discount offered by Russia on crude oil to India. Through this blog, you will get a detailed overview of India-Russia trade between 2021-22. India imports from Russia According to India import data , India's total imports from Russia were around 7.24 Billion USD in 2019, 5.83 Billion USD in 2020, and 8.7 Billion USD in 2021...