Top Import Products from India to Russia

Last Updated : 12 Mar, 2024

Russia imported a total of 3.14 billion US dollars from India. Russia and India are long-term and reliable trade partners. Since the signing of the “Declaration on the India-Russia Strategic Partnership” in October 2000, the bilateral relationship has taken on a new dimension.

In this article, we will look into the top 10 imports of Russia from India.

List of Top Import Products from India to Russia

Here is the list of top import products from India to Russia :

Import Products of Russia from India	Import value in million dollars in 2022
Electrical, electronic equipment	644.39
Pharmaceutical products	585.99
Machinery, nuclear reactors, boilers	433.88
Organic chemicals	424.83
Iron and steel	192.92
Leather and Leather Goods	51.2
Agricultural Products	35
Chemicals and Petrochemicals	289
Machinery and Equipment	433.88
Textiles and Apparel	52

Pharmaceuticals

The import of pharmaceuticals of Russia from India is of a total of 585.99 million US dollars.

The pharmaceutical industry in Russia heavily depends on imports to meet the demand for medicines and medical supplies.
This includes both finished pharmaceutical products and raw materials for local production.
With an aging population and growing healthcare needs, the import of pharmaceuticals as per records remains a vital aspect of the country’s health sector.
India is the world’s largest provider of generic medicines.
India accounts for 20% of the world’s supply of medicines and around 60% of global vaccines.
Russia imports pharmaceuticals from India because the Indian pharmaceutical industry’s primary USP is its low cost and good quality.
Thus the market for Indian pharmaceuticals in Russia is increasing.

Gems and Jewelry

The import of gems of Russia from India is of a total of 518.62 million US dollars.

India is a leading exporter of gems and jewelry to Russia.
Indian jewelry, renowned for its craftsmanship and intricate designs, appeals to Russian consumers with diverse tastes.
The demand for gold, silver, diamonds, and gemstone-studded jewelry from India remains robust in the Russian market.
The cultural significance attached to jewelry, coupled with increasing disposable incomes, fuels the import of Indian gems and jewelry into Russia.

Textiles and Apparel

The import of Textiles and Apparelof Russia from India is of a total of 52 million US dollars.

Textiles and garments are another important area of imports from India to Russia. Indian textiles are valued for their high-quality fibers, brilliant colors, and traditional designs.
Russia imports a diverse range of textiles from India, including cotton clothing, silk sarees, woolen shawls, and embroidered fabrics.
Indian garment companies have gained popularity among Russian customers due to their combination of style, comfort, and affordability, leading to the steady expansion of this import segment.
Russia imports textiles, clothes, and footwear to satisfy its fashion-conscious people and support its retail industry.
While the country has a textile sector, importing these products adds variety and keeps up with global fashion trends.

Machinery and Equipment

The import of machinery and equipmentof Russia from India is a total of 433.88 million US dollars.

Electrical machinery and electronics imports from India have an important effect on Russia’s technological growth and consumer electronics market.
Cell phones, televisions, household appliances, and electrical components are among the products produced by Indian electronics manufacturers.
Russia imports from India because of the low-cost, high-quality, and innovative nature of Indian electronic products, which fuels import demand in this sector.
With the rapid rate of technological advancement, India remains a stable supplier of electrical goods to Russia.
Imports of machinery and equipment are critical to Russia’s industrial and technological advancement.
These imports cover a wide range of products, including industrial machinery, tools, computer equipment, and electrical gadgets.

Chemicals and Petrochemicals

The import of Chemicals and Petrochemicals of Russia from India is of a total of 289 million US dollars.

Chemicals and petrochemicals are essential imports for Russia’s industrial and manufacturing industries.
India supplies Russia with a variety of chemical goods, including organic and inorganic chemicals, dyes, fertilizers, and petrochemical derivatives.
Indian chemical firms follow worldwide quality standards to guarantee the reliability and safety of their goods.
Chemical imports from India are in high demand in Russia due to their importance to strategy in many industrial processes.
Russia imports fertilizers, insecticides, and specialized chemicals to boost agricultural productivity and industrial expansion.
These imports help to improve the overall efficiency of the nation’s economy.

Agricultural Products

The import of agricultural products of Russia from India is of a total of 35 million US dollars.

India is a large agricultural commodity exporter to Russia, supplying the country’s food and animal industries. Indian agricultural exports to Russia include rice, spices, tea, pulses, and fruits.
The different agro-climatic conditions in India allow for the production of a wide range of crops, fitting the preferences and dietary needs of the Russian population.
As Russia attempts to improve food security and diversify its agricultural imports, Indian agricultural products play an important role in achieving these goals.

Electrical Machinery and Electronics

The import of Electrical Machinery and Electronics of Russia from India is of a total of 644.39 million US dollars.

The import of electrical machinery and electronics from India has a substantial impact on Russia’s technological growth and consumer electronics sector.
Indian electronics producers provide electrical machinery and equipment and parts, sound recorders and reproducers, television image and sound recorders and reproducers, and parts.
The cost, quality, and innovation of Indian electronic items appeal to Russian customers, resulting in increased import demand in this area.
With its rapid technical progress, India is a dependable supplier of electronic goods for Russia.
The import of electrical gear, including power generation equipment and electrical appliances, helps to improve Russia’s energy infrastructure and technical growth.
As the country’s energy industry modernizes, these imports become increasingly important in ensuring a consistent power supply.

Iron and Steel

The import of iron and steel of Russia from India is of a total of 192.9 million US dollars.

Engineering is India’s largest industrial sector, accounting for 3.53% of its GDP.

The country’s engineering sector produces iron, steel, associated goods, nonferrous metals, industrial machinery, vehicles, auto components, and other engineering items.
Industrial machinery exports include IC engines and parts, industrial machinery for dairy, food processing, textiles, boilers, components, injection moulding machinery, valves, and ATMs.
Indian machinery, ranging from agricultural equipment to industrial gear, meets the different needs of the Russian economy. Indian machinery is preferred by Russian firms due to its reliability, cost-effectiveness, and technological developments.
With Russia’s focus on modernizing its industries and infrastructure, imports of Indian machinery and equipment are projected to rise further.

Leather and Leather Goods

The import of leather and leather goods of Russia from India is of a total of 51.2 million US dollars.

India is well-known for its leather industry, which manufactures high-quality leather and leather goods for the international market.
Russian imports of Indian leather products are diverse, including footwear, handbags, wallets, and accessories.
Indian leather items are valued for their craftsmanship, durability, and aesthetic appeal, meeting the needs of Russian consumers.
Despite economic swings in demand, Indian leather and leather goods continue to be imported in large quantities into the Russian market.

Organic Chemicals and Polymers

The import of Organic Chemicals and Polymers of Russia from India is of a total of 424.83million US dollars.

Organic chemicals and polymers are essential inputs for many manufacturing processes in Russia, including plastics, medicines, and textiles.
India provides a variety of organic chemicals and polymers to Russia, which meets its industrial needs.
The diversity and quality of Indian chemical products make them indispensable to Russian companies, which drives import demand in this sector.
As Russia attempts to upgrade its industrial base and diversify its chemical sources, Indian exports continue to be critical in achieving these goals.

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FAQs on Top Import Products from India to Russia

What does Russia import from India?

Russia imports pharmaceuticals, gems and jewellery, electrical equipment, etc from India.

How much does India trade with Russia?

Indian trade with Russia was $50 billion in 2022-2023.

What products Russia want from India?

Russia wants pharmaceuticals, gems and jewellery, electrical equipment from India.

Why India is not exporting to Russia?

Russia Ukrain war and possible sanctions are causes of reduction in exports to Russia.

Does India still buy from Russia?

Yes, India buys cheaper oil from Russia.

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