In today’s global market, the export of rice plays a significant role in the economic growth of many countries. India, known as one of the biggest exporters of rice in the world, has been actively participating in the international rice trade. In this article, we will delve into the specifics of the export of rice from India to Russia in 2024, including trade volumes, types of rice, and a forecast for 2025.
Volumes of Rice Export from India to Russia
India has been a major player in the global rice market, consistently exporting large volumes of rice to various countries, including Russia. The yearly volumes of rice export from India to Russia have been steadily increasing over the years, showcasing the strong trade relations between the two nations. India Exports of rice to Russia was US$64.21 Million during 2023, according to the United Nations COMTRADE database on international trade.
In 2024, the export of rice from India to Russia saw an increase compared to the previous years. India exported 1,482 shipments of Basmati Rice to Russia from Mar 2023 to Feb 2024 (TTM). These exports were made by 124 Indian Exporters to 179 Russian Buyers, marking a growth rate of 10% compared to the preceding twelve months.
Rice types and other players in the market
The trade volumes of rice between Russia and India have been well-documented, with both countries actively engaging in bilateral trade agreements to facilitate smoother export processes. The types of rice that were predominantly exported from India to Russia in 2024 included Basmati rice, Parboiled rice, and Long Grain rice. These varieties are highly sought after in the Russian market for their unique flavors and textures, making them a popular choice among consumers.Globally, the top three exporters of Basmati Rice are India, China, and Vietnam. India leads the world in Basmati Rice exports with 1,441,358 shipments, followed by China with 348,974 shipments, and Vietnam taking the third spot with 297,064 shipments.

Forecast of Rice Export from India to Russia for 2025
Looking ahead to 2025, the forecast for the export of rice from India to Russia remains optimistic. With the increasing demand for Indian rice in the Russian market, it is expected that the trade volumes will continue to grow in the coming year. The forecast for 2025 suggests that India will maintain its position as one of the top rice exporters to Russia, solidifying its role in the global rice trade.
In conclusion, the export of rice from India to Russia in 2024 showcased the thriving trade relations between the two nations. With increasing trade volumes, a diverse range of rice varieties, and a positive forecast for 2025, India remains a key player in the international rice market. As both countries continue to strengthen their trade ties, the export of rice will continue to be a significant driver of economic growth and prosperity.
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