In 2024, the trade between Russia and India continued to flourish, with both countries benefiting from strong economic ties and mutual cooperation. The trade volume between the two nations reached a significant milestone, showcasing the resilience and potential of their partnership. Russian-Indian trade in 2024 was characterized by a diverse range of goods and commodities being exchanged, reflecting the complementary nature of the economies of the two countries.
Overview of Russian-Indian Trade in 2024
In 2024, Russia and India maintained a robust trade relationship, with a focus on sectors such as energy, defense, pharmaceuticals, and agriculture. Russia remained a key importer of Indian pharmaceutical products, textiles, and agricultural commodities, while India continued to rely on Russian exports of oil, gas, and defense equipment. The trade balance between the two nations remained favorable to India, with a steady increase in the volume of exports to Russia.
Some of the main types of goods and commodities exported from India to Russia during the last few years included:
- Pharmaceutical Products: India’s pharmaceutical industry is renowned for its high-quality generic drugs, which are in high demand in the Russian market.
- Textiles and Apparel: Indian textiles, especially cotton and silk fabrics, are popular among Russian consumers for their quality and affordability.
- Agricultural Commodities: India exports a variety of agricultural products to Russia, including rice, wheat, spices, and tea, catering to the diverse tastes of Russian consumers.
Prognosis for the Trade Trends in 2025
Looking ahead to 2025, the trade prospects between Russia and India remain promising, with both countries exploring new avenues for cooperation and expansion. The economic relationship is expected to deepen further, with a focus on diversifying the range of goods and services exchanged between the two nations. In 2025, we can expect to see continued growth in sectors such as technology, renewable energy, and e-commerce, offering new opportunities for bilateral trade and investment.
One of the key areas of focus for Russian-Indian trade in 2025 will be:
Technology and Innovation: With both countries investing heavily in technology and innovation, there is immense potential for collaboration in sectors such as IT, biotechnology, and aerospace. The exchange of technology and knowledge will be crucial in driving growth and competitiveness in the global market.

Prognosis of Popular Export Niches in 2025
In 2025, certain niches are expected to gain prominence in the export market from India to Russia, as both countries adapt to changing consumer preferences and market dynamics. Some of the niches that are likely to be popular in 2025 include:
- Healthcare and Wellness Products: With a growing focus on health and wellness, there is a rising demand for organic and natural products in the Russian market. Indian companies can capitalize on this trend by exporting herbal supplements, skincare products, and ayurvedic medicines to Russia.
- Renewable Energy Solutions: As the world shifts towards clean and sustainable energy sources, there is a significant opportunity for Indian companies to export solar panels, wind turbines, and other renewable energy solutions to Russia. This aligns with Russia’s goal of reducing its reliance on fossil fuels and transitioning towards a greener economy.
- Smart Home Technologies: With the rise of smart home devices and IoT technologies, there is a growing demand for smart appliances, home automation systems, and energy-efficient solutions in the Russian market. Indian manufacturers can tap into this trend by exporting innovative and affordable smart home products to Russian consumers.
In conclusion, the perspectives of Russian-Indian trade in 2025 are bright and promising, with both countries poised to strengthen their economic partnership and explore new avenues for collaboration. By leveraging their respective strengths and addressing emerging market trends, Russia and India can build a mutually beneficial trade relationship that contributes to the prosperity and growth of both nations.
Russian-Indian trade is super promissing in the coming 2025. The countries being long-time partners in several sectors of economy are now getting even closer to each other. Multiple businesses in India every day are looking for export business opportunities with Russian vedors. Still many of them find it hard to understand where to start: such factors as language barrier and weak understanding of business environment in Russia make entering this market not easy.
The best solution for Indian exporters in this case is to get export marketing consultancy. MCN Asia offers a comprehensive approach to export marketing consulting – plan based market research for businesses in India that want to start exporting to Russia and CIS. We make export marketing consulting transparent, fast and easy no matter what size of business the company has.
We also provide services of partner search and negotiation support as well as a thorough investigation of business surroundings of the market of interest.
Leave your request here Your import and export consultant in Pune | MCN Asia and we will get in touch with your business asap.