OREANDA-NEWS  By the end of January-November 2023, the trade turnover between Russia and India reached a record 59.7 billion dollars in monetary terms. This is reported by Prime with reference to statistical data from analysts of the Ministry of Trade and Industry of the Asian country.

During this period, the trade turnover between the two countries increased by more than 1.9 times. At the same time, the supply of Indian goods to the Russian market increased by almost 1.5 times in the first 11 months of last year. In monetary terms, the indicator reached the level of $ 3.7 billion. Medicines ($311 million) became the main type of exported Indian products.

At the same time, imports of Russian products to the Indian market increased 1.9 times and amounted to $ 56 billion. The most demanded commodity from the Russian Federation was oil — this type of raw material accounted for a total of $ 41 billion. Other popular products among Indian importers were petroleum products ($4.3 billion), coal ($3.8 billion), fertilizers ($2.2 billion) and diamonds ($1 billion).

The trade turnover between Russia and India has been growing for several months. So, at the end of December, RIA Novosti agency, citing statistical data from analysts of the Indian customs, reported that by the end of January-October, the indicator doubled compared to the same period in 2022 and reached the level of 54.7 billion dollars. At the same time, the share of Russian goods then accounted for a total of 51.4 billion.