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Trade between India, China, and Russia soared to $452 billion in 2023, a significant increase from $351 billion in 2022. This trilateral trade highlights the growing economic ties among these nations, particularly amidst rising tensions with the US. China's largest trading partner remains the US, but its Asian trade is booming, with India receiving $120 billion in Chinese exports. India's largest trading partner is also the US, but it maintains significant trade with China and Russia, notably importing discounted Russian oil despite US tariffs. Russia, facing sanctions from the West, relies heavily on China for trade, with energy exports forming a major component.

Prepared by Christopher Adams and reviewed by editorial team.