2022
Flag  
GDP
$17.4BCURRENT US$
Rnk 124 / 186
2012-2022
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GDP GROWTH
56.2%CURRENT US$
Rnk 48 / 186
2022
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 GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH
1.45%CURRENT US$
Rnk 164 / 186
2022
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GDP PC 
$1,303CURRENT US$
Rnk 161 / 186
2012-2022
Flag
GDP PC GROWTH
17.1%CURRENT US$
Rnk 95 / 186
2022
Flag
GDP PC
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH
-0.49%CURRENT US$
Rnk 145 / 186

About

Benin-Russia Trade: In 2022, Benin exported $626k to Russia. The main products that Benin exported to Russia were Other Oily Seeds ($626k). Over the past 5 years the exports of Benin to Russia have increased at an annualized rate of 60%, from $59.6k in 2017 to $626k in 2022.

In 2022, Benin did not export any services to Russia.

Russia-Benin Trade: In 2022, Russia exported $28.9M to Benin. The main products that Russia exported to Benin were Wheat ($7.58M), Coal Briquettes ($6.73M), and Refined Petroleum ($5.07M). Over the past 5 years the exports of Russia to Benin have increased at an annualized rate of 20.1%,  from $11.6M in 2017 to $28.9M in 2022.

In 2020, Russia exported services to Benin worth $906k, with Other business services ($856k), Financial services ($20k), and Transportation ($15k) being the largest in terms of value.

Comparison: In 2022,  Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B). That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Benin exported $626k to Russia. The main products exported from Benin to Russia were Other Oily Seeds ($626k). During the last 5 years the exports of Benin to Russia have increased at an annualized rate of 60%, from $59.6k in 2017 to $626k in 2022.

In 2017, Russia exported $28.9M to Benin. The main products exported from Russia to Benin were Wheat ($7.58M), Coal Briquettes ($6.73M), and Refined Petroleum ($5.07M). During the last 5 years the exports of Russia to Benin have increased at an annualized rate of 20.1%, from $11.6M in 2022 to $28.9M in 2017.

Exports from Benin (Flag) to Russia (Flag) (2022)

Exports from Russia (Flag) to Benin (Flag) (2022)

Latest Data

Trade between Benin (Flag) and Russia (Flag)

Benin Exports

Russia Exports

Market Competitiveness

Color
Benin
Top Destination
India$448M
Russia
Top Destination
China$101B

This map shows whether countries import more from Benin or Russia. Each country is colored based on the difference in imports they receive from Benin and Russia or the difference in the growth in imports.

In 2022, countries that imported more from Benin than Russia included Bangladesh ($406M), Chad ($28M), and Togo ($35.9M).

In 2022, countries that imported more from Russia than Benin included China ($101B), India ($40.4B), and Germany ($27.7B).

Difference in imports from Russia (Flag) and Benin (Flag) (2022)

Comparative Advantage Benin - Russia

Flow
Scale

This chart compares trade between Benin and Russia by product, considering products traded by both, Benin and Russia.

During 2022, Benin had a large net trade with Russia in the exports of Vegetable Products ($626k).

During 2017, Russia had a large net trade with Benin in the exports of Mineral Products ($11.8M), Vegetable Products ($7.6M), and Animal Products ($7.39M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Benin Russia+$434kOther Oily Seeds
Top Product Potential Russia Benin+$8.74MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Russia exported services to Benin worth $906k, with Other business services ($856k), Financial services ($20k), and Transportation ($15k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Benin (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Benin and Russia. This means that a dot/product with the flag of Benin indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over Benin.

Product Space of Benin (Flag) and Russia (Flag) (2022)

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