India's imports from Russia drop over 40% in January
pre-market1 source ↓written by the desknot a recommendation
- from Russia plunged
- 40.48%
- $2.86 billion
- a year earlier
- $4.81 billion
- of imports
- 80%
- or less
- $2.3 billion
In January 2026, India's merchandise imports from Russia plunged 40.48% to $2.86 billion, down from $4.81 billion a year earlier. This decline is primarily attributed to a significant reduction in crude oil purchases, which typically make up 80% of imports. Actual imports of Russian crude were estimated at around $2.3 billion or less, impacting overall trade dynamics.
Not investment advice. For informational purposes only.