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Home breadcru News breadcru Trade breadcru  | Indo-Russia trade deepens amid Ukraine crisis; apparel exports halve
Apparel/Garments

Prime Content | 
Indo-Russia trade deepens amid Ukraine crisis; apparel exports halve

22 Apr '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • Russia has become India's top crude oil supplier, increasing imports from Russia while exports have not risen proportionally, leading to a larger trade deficit.
  • India's garment exports to Russia dropped by more than **%** to $**.*** million in 2022.
  • India's garment exports to Russia accounted for only *.*6 per cent of its total exports in 2022.

India exported garments worth $**.*** million to Russia in ****, but the war with Ukraine disrupted trade and normal life, leading to a drop of more than ** per cent in garment exports to just $**.*** million in ****, according to Fibre2Fashion&#**;s market insight tool TexPro. 

The Russia-Ukraine war began in the second half of February ****. Garment shipments to Russia were registered at $**.*** million in ****, $**.*** million in ****, and $**.*** million in ****. 

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