PR INTEGRATED, your Connecta partner in India, notes that India and Russia have set a target of $100 billion in bilateral trade by 2030, but the current balance favors Russia. India’s exports to Russia total just $1.7 billion, while India’s imports from Russia surged to $64.24 billion in 2024, mainly driven by crude oil, mineral fuels, fertilizers, and vegetable oils. India’s share in Russia’s overall import basket remains around 2.3%, highlighting a significant export gap.
Government officials identify nearly 300 Indian products across engineering, pharmaceuticals, chemicals, agriculture, and labour-intensive sectors as having strong potential to bridge this gap. If leveraged effectively, these exports could help reduce India’s $59 billion trade deficit with Russia.
Engineering goods, pharmaceuticals, chemicals, and plastics show significant untapped opportunities. India’s engineering exports to Russia are $90 million, while Russia imports $2.7 billion in these products. Pharma exports are $546 million versus Russia’s $9.7 billion demand. Chemicals and plastics exports are $135 million against $2.06 billion in imports.
Agriculture and allied products, currently at $452 million, and labour-intensive sectors, including textiles, apparel, leather, handicrafts, processed foods, and light engineering products, also present strong prospects.
PR INTEGRATED supports businesses navigating the Indian market, from regulatory compliance to supply chain optimization, helping convert these high-potential opportunities into real trade outcomes.
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