Insights for India

MoM insights: In May 2026, India's imports from Russia increased significantly by 2.11B USD (28.69%), reaching a total of 9.48B USD. The United Arab Emirates also saw a notable rise in imports, with a 1.63B USD increase (40.09%), totaling 5.71B USD. China contributed 755.23M USD to imports, marking a modest increase of 6.31%. On the other hand, imports from Saudi Arabia dropped by 1.72B USD (-44.81%), while Switzerland and Peru experienced declines of 854.62M USD (-58.02%) and 480.14M USD (-38.06%) respectively. In terms of exports, the United Arab Emirates led with an increase of 880.55M USD (40.33%), totaling 3.06B USD. South Africa followed with a rise of 716.2M USD (104.02%), reaching 1.4B USD. Italy's exports increased by 477.76M USD (75.59%), totaling 1.11B USD. Conversely, Singapore's exports fell by 1.28B USD (-40.41%), while Bangladesh and Tanzania saw declines of 495.71M USD (-37.01%) and 412.3M USD (-31.83%) respectively.

YoY insights: Year on year, India's imports from Russia surged by 3.67B USD (63.29%), totaling 9.48B USD. Imports from China also rose by 2.41B USD (23.38%), reaching 12.73B USD. The United States contributed an increase of 2.24B USD (61.85%), totaling 5.87B USD. However, imports from Iraq plummeted by 2.41B USD (-93.73%), while Switzerland and Qatar experienced declines of 844.59M USD (-57.73%) and 756.67M USD (-82.88%) respectively. On the export side, South Africa's exports increased by 755.2M USD (116.27%), totaling 1.4B USD. Singapore's exports rose by 737.09M USD (64.79%), reaching 1.89B USD. Tanzania saw a significant increase of 582.45M USD (194.89%), totaling 881.31M USD. In contrast, exports to the Netherlands fell by 462.09M USD (-21.60%), while Togo and Russia experienced declines of 288.27M USD (-78.83%) and 247.5M USD (-39.24%) respectively.