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The rising need for energy resources in India is one of the main factors driving the expansion of trade between Russia and that country. India has been working to diversify its energy sources, and Russia is one of the biggest producers of gas and oil in the world. Since the two nations have been working together in the energy industry for a long time, there has been a major increase in the trading of crude oil, natural gas, and coal. The trade relationship between Russia and India also has a number of drivers.
India imported 1,225 products from Russia in FY 2021–2022.1.The top Russian imports to India ($5,035.27 million) are mineral fuels, mineral oils & products, bituminous materials, and mineral waxes. Pearls, precious or semi-precious stones/metals and articles thereof, fake jewellery, and coins ($1,253.32 million) in the financial years 2021–2022. This is based on Russia Export data.
2.Russia imported 29.03 billion dollars worth of goods into India between April and November 2022.
3.India would import petroleum products from Russia from April to November 2022, including crude (value US$ 19,237 million), coal, coke, and briquettes (of US$ 3,181 million), among other things.
4.According to data on exports and imports, iron and steel ($479.52 million) and electrical machinery, equipment, and parts, as well as sound and television recorders and reproducers, and parts, make up the majority of India's exports to Russia in fiscal years 2021–2022.
Mineral Fuels and Oils:According to Indonesia Export Data the major exporter of mineral fuels and oils, including crude oil, petroleum products, and natural gas.
Palm Oil: Indonesia is the world's largest producer and exporter of palm oil, which is used in various industries such as food processing, cosmetics, and biofuel production.
Rubber and Rubber Products:Indonesia is a significant exporter of natural rubber and rubber products, including tires, gloves, and footwear.
Textiles and Apparel:Textiles and apparel products, including garments, textiles, and accessories, are important exports for Indonesia.
Machinery and Equipment:Indonesia exports machinery and equipment, including electrical machinery, mining machinery, and agricultural equipment.
Electrical and Electronic Equipment:Electrical and electronic equipment, such as telecommunication equipment, computers, and electronics, are major exports for Indonesia.
Furniture: Indonesia is known for its furniture industry and exports wooden furniture and other related products.
Cocoa and Cocoa Products:Indonesia exports cocoa beans, cocoa powder, and cocoa-based products, catering to the global chocolate and confectionery industry.
Fish and Seafood:Indonesia is a significant exporter of fish and seafood products, including fresh and processed fish, shrimps, and other marine products.
Coal: Indonesia is one of the world's largest exporters of coal, supplying coal for power generation and industrial purposes.
Please note that this information is based on my knowledge up to September 2021, and the trade dynamics may have evolved since then.
Russia engages in significant trade with various countries around the world. According to the latest Russia export import data, Russia's top trading partners include:
China: China has emerged as Russia's largest trading partner, with bilateral trade reaching unprecedented levels. The import and export of commodities such as machinery, electronics, and raw materials contribute to this robust trade relationship.
Germany:Germany is a vital trading partner for Russia, with a focus on machinery, vehicles, and chemical products. This partnership drives economic growth and technology transfer between the two nations.
Netherlands:The Netherlands plays a significant role in facilitating trade between Russia and the European Union (EU). Trade mainly revolves around energy products, agricultural goods, and machinery.
Belarus:Russia shares a strong economic relationship with Belarus, with a focus on machinery, oil, and chemical products. The two countries have a history of close collaboration in various sectors.
Italy:Italy is an important trading partner for Russia, particularly in the energy, machinery, and food sectors. The trade relationship between the two countries is mutually beneficial, contributing to economic growth.
Every marketer or trader who is into trading his goods to other nations might know what a customs data report is. For those who don’t, let us tell you that the Customs Datareport is one of the most important sources of getting trade-related information about any nation. The details and information that are present in this report help marketers to formulate their trade strategies so as to ace the international market. Some of the major details that are mentioned in the Customs Datareport are:
ØNames of importer and exporter
ØShipment details – port details
ØCustoms and tariff details
ØHS codes of every product being shipped.
Ødetails about the shipment – quantity, unit, price, type
ØTransportation mode (road/sea/air)
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