India-Russia Relations
Bilateral Trade: The total annual bilateral trade between the two countries stood at USD 13,124.68 million in 2021-22, and USD 8,141.26 million in 2020-21.
Position: Russia has now become India’s seventh biggest trading partner — up from its 25th position last year.
- The US, China, UAE, Saudi Arabia, Iraq and Indonesia were the six countries which recorded higher volumes of trade with India during the first five months of 2022-23.
Imports and Exports: Of the total USD 18,229.03, India’s imports from Russia accounted for USD 17,236.29 million, while India’s exports to Moscow were only worth USD 992.73 million, leaving a negative trade balance ....
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