Exports of Indian goods to Russia reached a record level of $475 million in June. RIA Novosti Citing the Indian Ministry of Commerce and Industry’s own data analysis.
Compared with the same period last year, the supply volume increased by almost one and a half times – from $328 million to $475 million. This figure exceeded the previous record ($441 million) set in March of this year.
At the same time, Russian exports to India also increased. Over the year, they increased by 18%, reaching $6 billion. Higher monthly figures were observed only twice (in May 2023 and 2024).
As a result, bilateral trade between the two countries increased by 20% year-on-year to $6.4 billion, the second highest figure in modern history after the late spring record ($7.5 billion).
In the first half of 2024, supplies from Russia to India increased by 13% to $35.8 billion. Only China exported more ($50.4 billion). During this period, India’s exports to Russia increased by a quarter to $2.5 billion.
Total trade turnover between Russia and India increased by 14% in the first six months of 2024, reaching $38.3 billion. This represents 58% of the trade volume of the entire last year.
The day before it was learned that Russia and Afghanistan were making plans increase By focusing on cooperation in the agricultural industry sector, it is aimed to increase bilateral trade turnover to 3 billion dollars by 2025 and 10 billion dollars by 2030.
Previously in Hungary accused Poland is doing secret trade with the Russian Federation.