Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Imports from Russia up 64 pc to USD 36.27 bn in Apr-Oct.


Date: 16-11-2023
Subject: Imports from Russia up 64 pc to USD 36.27 bn in Apr-Oct
New Delhi: India's imports from Russia rose 64 per cent to USD 36.27 billion during the April-October period this fiscal on higher shipments of crude oil and fertiliser, according to the commerce ministry data. With this, Russia has become India's second-largest import source during the first seven months of this fiscal.

The imports were USD 22.13 billion during April-October 2022.


From a market share of less than 1 per cent in India's import basket before the start of the Russia-Ukraine conflict, Russia's share of India's oil imports rose to over 40 per cent.


India, the world's third-largest crude importer after China and the United States, has been buying Russian oil after some countries in the West shunned it as a means of punishing Moscow for invading Ukraine.

The ministry's data showed that imports from China dipped marginally to USD 60.02 billion during the period against USD 60.26 billion in the year-ago period.


Imports from the UAE contracted 21 per cent to USD 24.91 billion during the period under review.


During the first seven months of this fiscal, imports also dipped from Saudi Arabia, Iraq, Indonesia, Singapore, and Korea.


Among all the top 10 import source nations of India, imports from Switzerland increased to USD 13.97 billion as against USD 10.48 billion in April-October 2022 due to gold imports.


On the export front, India's exports to six of its top-10 destinations have recorded a negative growth rate during the period.


During the first seven months of this fiscal, the country's merchandise exports to the US, the UAE, Singapore, Germany, Bangladesh, and Saudi Arabia have declined.


Among all the top 10 import source nations of India, imports from Switzerland increased to USD 13.97 billion as against USD 10.48 billion in April-October 2022 due to gold imports.


On the export front, India's exports to six of its top-10 destinations have recorded a negative growth rate during the period.


During the first seven months of this fiscal, the country's merchandise exports to the US, the UAE, Singapore, Germany, Bangladesh, and Saudi Arabia have declined.


However, exports to the UK, Australia and the Netherlands have recorded positive growth.


The outbound shipments to China rose to USD 8.92 billion during the period under review from USD 8.85 billion in April-October 2022.


India's overall merchandise exports rose by 6.21 per cent to USD 33.57 billion in October this year even as trade deficit ballooned to USD 31.46 billion during the month, government data showed on Wednesday.

 Source Name: Economic Times

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 01-10-2024
Notification No. 18/2024 – Central Tax
Seeks to notify Principal Bench of GST Appellate Tribunal to hear cases of anti-profiteering

Date: 01-10-2024
Notification No. 19/2024 – Central Tax
Notification under Section 171 of CGST Act to provide for the sunset date.

Date: 30-09-2024
Notification No. 64/2024-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg

Date: 27-09-2024
NOTIFICATION No. 17/2024–Central Tax
Seeks to notify the provisions of Finance (No. 2) Act, 2024

Date: 27-09-2024
Notification No. 44/2024-Customs
Seeks to amend Export Duty on Certain Varieties of rice

Date: 26-09-2024
Notification No. 63/2024-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg

Date: 19-09-2024
Notification No. 62/2024-Customs (N.T.)
Amendment of Note 3 of Chapter 98 in the First Schedule to the Customs Tariff Act, 1975.

Date: 17-09-2024
Notification No. 25/2024-Central Excise
Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to reduce the Special Additional Excise Duty on production of Petroleum Crude.

Date: 13-09-2024
Notification No. 61/2024-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 06-09-2024
Notification No. 42/2024-Customs
Seeks to rescind Notification No. 26/2011-Customs, dated 01.03.2011



Exim Guru Copyright © 1999-2024 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001