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Russia's exports to India falter, UAE rises as formidable competitor
Mint Chennai
|September 30, 2025
India’s imports from Russia declined 5.54% to $26.46 billion in the first five months of the current financial year, bringing the country’s secondlargest supplier of goods close to being overtaken by third-placed United Arab Emirates (UAE), government data showed.
Russia was the only country among India's top five import sources to register a decline in 5 months to August.
(BLOOMBERG)
Overall, India’s imports by value stood at $306.52 billion in April-August 2025 compared to $300.11 billion in the corresponding period last year, registering 2.14% growth.
The UAE, with exports worth $26.40 billion to India, trails Russia by a mere $60 million in India’s import rankings for April-August. China remains the dominant top supplier at $51.57 billion, followed by Russia, the UAE, the US ($21.61 billion) and Saudi Arabia ($12.39 billion) in fifth position.
This story is from the September 30, 2025 edition of Mint Chennai.
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