<p>New Delhi: India's imports from Russia rose by about 67 per cent to $30.42 billion during the April-September period this fiscal on higher shipments of crude oil and fertiliser, according to the commerce ministry data.</p>.<p>With this, Russia has become India's second-largest import source during the first half of this fiscal.</p>.<p>The imports were $18.24 billion during April-September 2022.</p>.<p>From a market share of less than 1 per cent in India's import basket before the start of the Russia-Ukraine conflict, Russia's share of India's oil imports rose to over 40 per cent.</p>.<p>India, the world's third-largest crude importer after China and the United States, has been buying Russian oil that was available at a discount after some countries in the West shunned it as a means of punishing Moscow for the invasion of Ukraine.</p>.<p>The ministry's data showed that imports from China dipped to $50.47 billion during the period against $52.42 billion in the same period last year.</p>.<p>Similarly, imports from the US declined to $21.39 billion during the period under review from $25.79 billion in April-September last year.</p>.<p>Imports from the UAE contracted to $20.7 billion during April-September 2023 compared to $27.8 billion a year ago.</p>.<p>During the first half of this fiscal, imports also dipped from Saudi Arabia, Iraq, Indonesia, Singapore and Korea.</p>.<p>Among all the top ten import source nations of India, imports from Hong Kong increased to $10.21 billion as against $10 billion in April-September 2022.</p>.India's September palm oil imports drop 26% .<p>On the export front, India's exports to seven of its top 10 destinations have recorded a negative growth rate during the period.</p>.<p>During the first six months of this fiscal, the country's merchandise exports to the US, the UAE, China, Singapore, Germany, Saudi Arabia, and Bangladesh have dipped.</p>.<p>However, exports to the UK, Australia and the Netherlands have recorded positive growth.</p>.<p>India's merchandise exports contracted by 2.6 per cent to $34.47 billion in September even as the country's merchandise trade deficit narrowed to $19.37 billion during the month under review, according to the government data released on Friday.</p>
<p>New Delhi: India's imports from Russia rose by about 67 per cent to $30.42 billion during the April-September period this fiscal on higher shipments of crude oil and fertiliser, according to the commerce ministry data.</p>.<p>With this, Russia has become India's second-largest import source during the first half of this fiscal.</p>.<p>The imports were $18.24 billion during April-September 2022.</p>.<p>From a market share of less than 1 per cent in India's import basket before the start of the Russia-Ukraine conflict, Russia's share of India's oil imports rose to over 40 per cent.</p>.<p>India, the world's third-largest crude importer after China and the United States, has been buying Russian oil that was available at a discount after some countries in the West shunned it as a means of punishing Moscow for the invasion of Ukraine.</p>.<p>The ministry's data showed that imports from China dipped to $50.47 billion during the period against $52.42 billion in the same period last year.</p>.<p>Similarly, imports from the US declined to $21.39 billion during the period under review from $25.79 billion in April-September last year.</p>.<p>Imports from the UAE contracted to $20.7 billion during April-September 2023 compared to $27.8 billion a year ago.</p>.<p>During the first half of this fiscal, imports also dipped from Saudi Arabia, Iraq, Indonesia, Singapore and Korea.</p>.<p>Among all the top ten import source nations of India, imports from Hong Kong increased to $10.21 billion as against $10 billion in April-September 2022.</p>.India's September palm oil imports drop 26% .<p>On the export front, India's exports to seven of its top 10 destinations have recorded a negative growth rate during the period.</p>.<p>During the first six months of this fiscal, the country's merchandise exports to the US, the UAE, China, Singapore, Germany, Saudi Arabia, and Bangladesh have dipped.</p>.<p>However, exports to the UK, Australia and the Netherlands have recorded positive growth.</p>.<p>India's merchandise exports contracted by 2.6 per cent to $34.47 billion in September even as the country's merchandise trade deficit narrowed to $19.37 billion during the month under review, according to the government data released on Friday.</p>