India’s BRICS trade remains heavily dependent on energy imports, widening the trade deficit and prompting New Delhi to seek broader merchandise diversification.

BulletsIn

• India imported goods worth $99.02 billion from 10 BRICS partners during April-June 2026-27, while exports reached only $24.94 billion.
• The resulting $74.08 billion trade deficit highlights the significant imbalance between India’s imports and exports across BRICS trading partners.
• Crude oil and petroleum imports totalled $36.30 billion, representing nearly 36.7 percent of India’s overall BRICS imports.
• Russia supplied about $25.6 billion in imports, with crude oil and petroleum products accounting for approximately $22.3 billion.
• Energy represented nearly 87 percent of India’s imports from Russia, demonstrating the country’s substantial dependence on Russian energy supplies.
• The UAE supplied around $8.3 billion in crude and petroleum imports, followed by Saudi Arabia with approximately $5.71 billion.
• China remained India’s largest overall BRICS import source at nearly $38.04 billion, with imports driven largely by non-energy products.
• India’s trade pattern underscores the need to diversify BRICS commerce across manufacturing, technology, investment and other higher-value economic sectors.
• Expanding non-energy exports could help India reduce its trade imbalance while creating stronger commercial opportunities across BRICS partner economies.
• Greater product diversification could strengthen India’s resilience against energy price volatility and reduce excessive dependence on petroleum-linked imports.
• The figures highlight the strategic importance of developing balanced trade relationships with major BRICS economies and strengthening India’s export competitiveness.
• New Delhi’s diversification efforts could reshape BRICS trade by encouraging broader economic
  cooperation beyond traditional energy and commodit