ZCZC
BCN-23
RUSSIA-INDIA-TRADE
Russia’s exports to India up by 40% in January-April 2018
NEW DELHI, June 25, 2018 (BSS/TASS) – Russia’s exports to India increased
by 40.1% in January-April 2018 on the same period last year, to reach nearly
2.2 billion US dollars, a spokesman for Russia’s trade mission in India told
TASS on Sunday.
According to the trade mission’s statistics, the most dramatic growth, of
more than 600%, was reported in the sector of leguminous crops, with exports
up from about two million US dollars in the first four months of 2017 to the
current 14.5 million US dollars. The sector of sunflower and oil crops seeds
also demonstrated an impressive growth, with exports jumping up from 37,200
US dollar to 207,400 US dollars, or by 457% in just one year. Other sectors
demonstrating serious growth in terms of exports to India include radar
equipment (from 2.7 million US dollars to 39.3 million US dollars), compasses
and navigation tools (from 4.6 million to 23.9 million US dollars), electric
transformers (from 2.5 million to 13.2 million US dollars), and others.
Overall trade between Russia and India grew by 29.1% in January-April 2017
on the same period last year, to amount to about 3.2 billion US dollars.
Russia’s imports from India increased by 10.7%, to 1.02 billion US dollars.
Russia’s major exports to India include uncut diamonds, silver, mineral
and chemical fertilizers, crude oil and oil products, as well as machine-
building products, synthetic rubber, polymers, plastic articles, paper, etc.
Russia’s exports from India are mostly medicines, tea, canned vegetables,
grapes and raisins, rice, coffee, and other goods.
According to the Russian trade mission, the two countries have been
demonstrating upwards tendencies in trade in the recent years. The sides
agreed to increase mutual trade to 30 billion US dollars by 2025.
According to Russia’s Federal Customs Service, Russian-Indian trade in
2017 was 9.4 billion US dollars, or up by 21.4% on the previous year.
BSS/TASS/HR/1320