India's Agricultural Exports to Russia hit $48 M in February

 

For the financial year 2022, India and Russia trade hit 30 billion US Dollars. The trade is mostly dominated by Russian exports. According to the India customs data directed from Russia, Imports from Russia were around 27 billion US Dollars in 2022.

Crude oil exports from Russia grew significantly over the years especially after the Ukraine. Crude oil imports grew by 27% in the fiscal year 2022. It covers over 85% of total India's exports worth over 13 billion US Dollars in 2022. Other Crude Oil exporters to Russia were Iraq and Saudi Arabia.

While our India import export data records reflect that India's exports to Russia were estimated to be 3 billion US Dollars in 2022. These mainly include agricultural goods, engineering goods, pharmaceuticals, chemicals, tea, coffee and marine products. Agricultural exports to Russia had seen a rapid growth of 48 million US Dollars as compared to 37 million US Dollars in 2021.

As per India export data, Pharmaceuticals and electronics engineering goods covers over 60% share of India's total exports to Russia. Also, the Seafood exports rose by 4 million US Dollars to 8 million US Dollars in 2022. Also, Coffee exports increased by 7 million US Dollars as compared to 4 million US Dollars in 2021. In the February 2023 month, India's total exports to Russia stood at 337 million US Dollars.

We will read a detailed report on Indian Agricultural exports to Russia through this blog.

India Agricultural Exports To Russia

Indian major agricultural products exports to Russia include fruits, meat, dairy, and cereal items. Citrus Fruits, Bananas, Strawberries, Apples, and pears were among the major fruit export items from India to Russia.

As per Russia import data, the total trade value for these products is estimated to be around 4.5 billion US Dollars in 2021. India's tea exports to Russia were 95 million US Dollars in 2021. India's grape exports to Russia were 39 million US Dollars in 2021.

Other major gainers were machinery, chemicals and auto components. While Cereals like Rice and coffee exports were valued around 68 million US Dollars and 6 million US Dollars in 2021. Other major gainers were machinery, chemicals and auto components.

India imports from Russia

Not only crude oil but there is a surge in non-crude oil items imports. As per current Russia export data reports, certain non-crude oil goods including fertilizers, furniture, spices, sunflower oil, silver, gold and printing materials. In terms of import value, Coal (1 billion US Dollars), Fertilizers (1 billion US Dollars), Sunflower oil (271 million US Dollars) and Silver (60 million US Dollars). The demand for these goods increased by 60% in the Indian market.

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This platform lets you with Global companies directory through which you can find potential buyers and suppliers from the international market. For example, if you have an agribusiness from India and want to sell your goods to Russia, then here you access the Russia importers directory to find genuine buyers. Exim GTIS is the best market research tool that can grow your sales 3x times at relatively low cost.