Merchandise imports from Russia fall 5.54%
Overall, India’s imports by value stood at $306.52 billion in April-August 2025 compared to $300.11 billion in the corresponding period last year, registering 2.14% growth.
India’s merchandise imports from Russia declined 5.54% to $26.46 billion in the first five months of the current financial year, bringing the country’s second-largest supplier close to being overtaken by the United Arab Emirates, government data showed.
Russia was the only country among India’s top five import sources to register a decline, with all other major suppliers posting robust growth of 8% or more year-on-year. The country’s imports from Russia dropped from $28.01 billion in the corresponding period last year.
Overall, India’s imports by value stood at $306.52 billion in April-August 2025 compared to $300.11 billion in the corresponding period last year, registering 2.14% growth.
The UAE, with imports worth $26.40 billion, trails Russia by a mere $60 million in India’s import rankings for April-August 2025. China remains the dominant top supplier at $51.57 billion, followed by Russia, the UAE, the United States ($21.61 billion) and Saudi Arabia ($12.39 billion) in fifth position.
China strengthened its position as India’s largest import partner with a surge of over 10% from $46.80 billion in April-August 2024. The UAE recorded 9.18% growth compared to $24.18 billion in the previous fiscal’s corresponding period.
Imports from the US rose 8.54% from $19.91 billion, whilst Saudi Arabia registered 7.68% growth from $11.50 billion in the same period of the previous financial year.
{{/usCountry}}Imports from the US rose 8.54% from $19.91 billion, whilst Saudi Arabia registered 7.68% growth from $11.50 billion in the same period of the previous financial year.
{{/usCountry}}The trade patterns underscore India’s energy dependence, with four of its five largest suppliers—Russia, UAE, US, and Saudi Arabia—being substantial energy exporters to the world’s fastest-growing major economy. Only China offers a diversified import basket.
{{/usCountry}}The trade patterns underscore India’s energy dependence, with four of its five largest suppliers—Russia, UAE, US, and Saudi Arabia—being substantial energy exporters to the world’s fastest-growing major economy. Only China offers a diversified import basket.
{{/usCountry}}The details of how volumes of specific commodity imports may have risen or dipped across sources were not available but the change comes at a time of western consternation about India’s imports of oil from Russia over Moscow’s conflict in Ukraine.
{{/usCountry}}The details of how volumes of specific commodity imports may have risen or dipped across sources were not available but the change comes at a time of western consternation about India’s imports of oil from Russia over Moscow’s conflict in Ukraine.
{{/usCountry}}The government has defended the imports, urging the need to keep development and energy security goals separate from geopolitical arithmetic.
{{/usCountry}}The government has defended the imports, urging the need to keep development and energy security goals separate from geopolitical arithmetic.
{{/usCountry}}Detailed commodity data by value for April-July 2025 reveals stark contrasts in import compositions. China’s supplies are technology-driven, with electronics, telecommunications and computer hardware leading at $11.7 billion, followed by chemicals ($1.7 billion) and batteries ($1.16 billion).
Russia’s exports remain energy-centric, with petroleum crude dominating at $16.2 billion, supplemented by petroleum products ($1.93 billion) and coal derivatives ($1.32 billion). Non-energy items include fertilisers ($774 million), vegetable oils ($387 million), and project goods ($278 million).
The UAE supplied petroleum and petroleum products worth $8.53 billion alongside chemicals ($3.27 billion) and gold ($2.09 billion).
American exports featured petroleum crude ($4.81 billion), coal products ($1.21 billion), petroleum products ($1.10 billion), and a diverse portfolio including electronic components ($836 million), precious stones ($504 million), fresh fruits ($495 million), electrical machinery ($493 million), organic chemicals ($448 million), computer hardware ($426 million), and other commodities ($418 million).
Saudi Arabia’s contribution mirrors other Gulf suppliers, with petroleum crude ($6.72 billion) and petroleum products ($820 million) leading, complemented by fertilisers ($630 million), organic chemicals ($392 million), plastic raw materials ($379 million), and copper products ($152 million).
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