India August 2026 trade: crude imports from Russia fall 25% to $5.4bn
India's crude oil imports from Russia fell 25% to $5,442.6m (million US dollars) in August 2026 from $7,269.6m in July, as India bought more from Iraq, the United Arab Emirates and the US.
A data update from FactIQ, written from Directorate General of Commercial Intelligence and Statistics (DGCI&S) figures. What is FactIQ?
Key figures
- India crude oil imports from Russia, August 2026
- $5,442.6mdown from $7,269.6m in July and a May peak of $8,089.0m
- India crude oil imports from the United Arab Emirates, August 2026
- $2,069.5mup from $1,528.6m in July
- India crude oil imports from Iraq, August 2026
- $523.8mup from $171.4m in July and $56.6m in April
- India smartphone exports to the United States, August 2026
- $1,348.7mdown from $2,345.4m in July; above $964.8m in August 2025
Crude purchases from Russia are well below their May peak
These figures show the value of goods India buys and sells, broken down by product and partner country. Crude oil imports show where Indian refiners get their oil. All values are in million US dollars ($m).- August 2026: $5,442.6m
- July 2026: $7,269.6m
- May 2026 peak: $8,089.0m
- August 2025: $3,598.4m
Purchases are still above their level a year earlier.
Iraq, the United Arab Emirates and the US made up part of the gap
Three suppliers sold India more crude in August than in July:- Iraq: $523.8m, up from $171.4m in July. In April it was $56.6m. This is still far below January and February, when it averaged about $1.7bn a month.
- United Arab Emirates (UAE): $2,069.5m, up from $1,528.6m.
- United States: $789.5m, up from $405.6m.
Two other suppliers sold India less:
- Saudi Arabia: $839.2m, down from $1,364.9m.
- Venezuela: $542.2m, down from $896.9m. Crude imports from Venezuela restarted in April 2026.
Smartphone exports to the US and gold imports also fell
- Smartphone exports to the US fell to $1,348.7m in August from $2,345.4m in July. They remain above the $964.8m recorded in August 2025.
- Unwrought gold imports, meaning gold that has not yet been worked into products, fell from Switzerland to $754.2m from $1,580.7m. Imports from the UAE fell to $380.0m from $616.3m.
- Petroleum product exports to the Netherlands dropped to $77.2m from $925.8m. India shipped no automotive diesel to the Netherlands in August. A similar dip happened in June.
Source: Directorate General of Commercial Intelligence and Statistics (DGCI&S). See all DGCIS data in FactIQ.
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