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BREAKING
Israeli media: Direct damage from Iranian bombing of "Israel" in one week is estimated at approximately 5 billion shekels (about $1.35 billion)
Unprovoked aggression against Iran has no basis or justification: Putin
Shahid Beheshti University Public Relations: The Israeli aggression targeted a building belonging to Shahid Beheshti University with the aim of sabotaging Iran's cultural and scientific infrastructure
Al Mayadeen correspondent: The Fordow nuclear facility was bombed once again, 24 hours after the US aggression.
Fars News Agency, citing informed sources: The Iranian Armed Forces used the Kheibar-Shekan, Emad, Ghadr, and Fattah missiles in their attacks on the Israeli entity today
Sirens sound from the occupied Golan Heights to Akka and Nahariya
Sirens sound again in the occupied Golan Heights and al-Jalil
Israeli media: Power outages reported in several settlements following a missile attack targeting an infrastructure facility
Israeli media: Strategic location in the south likely hit
Israeli media outlet: Reports of missiles falling in at least 7 areas, including Askalan, Safad, and Isdud

Russia becomes India's second largest exporter of goods

  • By Al Mayadeen English
  • Source: News Agencies
  • 16 May 2023 21:19
2 Min Read

China has remained India's largest exporter of goods, however, the rate of exported goods has decreased by 15.4% in the first four months of 2023. 

  • x
  • Russian President Vladimir Putin shakes hands with Indian Prime Minister Narendra Modi November 13, 2019 (Reuters)
    Russian President Vladimir Putin shakes hands with Indian Prime Minister Narendra Modi on November 13, 2019 (Reuters)

In the first four months of 2023, Russia's exported goods to India totaled around  $15.5 billion: which is 4.7 times that of the exports in the first four months of 2022, according to the trade data of the first quarter of 2023 provided by the Indian Ministry of Commerce.   

China has remained India's largest exporter of goods, however, the rate of supplied goods has decreased by 15.4% in the first four months of 2023. 

UAE ranks third among India's largest exporters of goods: amounting to $12.7 billion in the first quarter of 2023, according to data provided by the Commerce Ministry. 

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Trump tariff blitz stirs worry despite 'progress' in Japan trade talks

The US and KSA rank as the fourth and fifth largest exporters of goods with India despite being reduced by 8.8 % and 10.9% respectively. 

Read more: New BRICS currency underway: State Duma Deputy Chairman

Back in February, Russian energy giant  Novatek signed a memorandum of agreement (MOU) with India's Deepak Fertilisers and Petrochemicals Corp. to cooperate on supplying the latter with LNG and low-carbon ammonia.

According to the deal, Novatek would supply LNG to Deepak Fertilisers on a spot and long-term basis, including gas from the Arctic LNG 2 project.

Read more: India replaces US dollars with dirhams in Russian oil trade: Reuters

  • Exports
  • Russia
  • India
  • Trade

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