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Pricing

2022
Flag → Flag
Exports $1.25BRnk 44 / 224
2022
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Top Product $363MPackaged Medicaments
2022
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Exports $6.37BRnk 21 / 138
2022
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Top Product $2.26BGold
2022
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Economic Complexity (ECI) ECI 1.38Rnk 12 / 124
2022
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Economic Complexity (ECI) ECI 0.42Rnk 45 / 124
2022
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GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
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GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
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 GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
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GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
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GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
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GDP PC$15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186

About

United Kingdom-Russia In 2022, United Kingdom exported $1.25B to Russia. The main products that United Kingdom exported to Russia are Packaged Medicaments ($363M), Cars ($51.8M), and Large Construction Vehicles ($40.6M). During the last 27 years the exports of United Kingdom to Russia have decreased at an annualized rate of 0.13%, from $1.3B in 1995 to $1.25B in 2022.

In 2019, United Kingdom exported services to Russia worth $2.71B, with Financial services ($981M), Other business services ($680M), and Travel ($319M) being the largest in terms of value.

Russia-United Kingdom In 2022, Russia exported $6.37B to United Kingdom. The main products that Russia exported to United Kingdom were Gold ($2.26B), Refined Petroleum ($1.55B), and Petroleum Gas ($470M). During the last 27 years the exports of Russia to United Kingdom have increased at an annualized rate of 5.93%, from $1.35B in 1995 to $6.37B in 2022.

In 2020, Russia exported services to United Kingdom worth $2.51B, with Other business services ($875M), Transportation ($483M), and Computer and information services ($407M) being the largest in terms of value.

Comparison In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.38), and 14 in total exports ($469B). That same year, Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B).

Latest Trends

January, 2024

About

Overview In January 2024, United Kingdom exported £68.2M and imported £5.37M from Russia, resulting in a positive trade balance of £62.8M. Between January 2023 and January 2024 the exports of United Kingdom have decreased by £-31.6M (-31.7%) from £99.8M to £68.2M, while imports decreased by £-2.85M (-34.7%) from £8.22M to £5.37M.

Trade In January 2024, the top exports of United Kingdom to Russia were Packaged Medicaments (£74.5M), Nitrogen Heterocyclic Compounds (£4.19M), Cleaning Products (£2.29M), Nucleic Acids (£1.82M), and Other Edible Preparations (£1.38M). In January 2024 the top imports of United Kingdom from Russia were Titanium (£2.81M), Starch Residue (£2.37M), Commodities not elsewhere specified (£1.92M), Gas Turbines (£202k), and Fish Fillets (£186k).

Origins In January 2024 the exports of United Kingdom were mainly from Dover Eurotunnel (£62.3M), London Heathrow Airport (£1.68M), Purfleet (£1.38M), Dover (£1.35M), and London (£693k), while imports destinations were mainly London Heathrow Airport (£1.34M) and London (£6.67k).

Growth In January 2024, the decrease in United Kingdom's year-by-year exports to Russia was explained primarily by an decrease in product exports in Commodities not elsewhere specified (£-8.18M or -98.6%), Vaccines, blood, antisera, toxins and cultures (£-4.24M or -88.4%), and Stone Processing Machines (£-1.92M or -98.2%). In January 2024, the decrease in United Kingdom's year-by-year imports  from Russia was explained primarily by an decrease in product imports  in Gas Turbines (£-10.6M or -98.1%), Commodities not elsewhere specified (£-2.05M or -51.6%), and Fish Fillets (£-554k or -74.9%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)£-31.6M(-31.7%)
IMPORT GROWTH (January 2023 - January 2024)£-2.85M(-34.7%)
MAIN EXPORTER (January 2024)Dover Eurotunnel£62.3M

This section shows exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United Kingdom over time.

To check Russia and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $1.25B to Russia. The main products exported from United Kingdom to Russia were Packaged Medicaments ($363M), Cars ($51.8M), and Large Construction Vehicles ($40.6M). During the last 27 years the exports of United Kingdom to Russia have decreased at an annualized rate of 0.13%, from $1.3B in 1995 to $1.25B in 2022.

In 2022, Russia exported $6.37B to United Kingdom. The main products exported from Russia to United Kingdom were Gold ($2.26B), Refined Petroleum ($1.55B), and Petroleum Gas ($470M). During the last 27 years the exports of Russia to United Kingdom have increased at an annualized rate of 5.93%, from $1.35B in 1995 to $6.37B in 2022.

Exports from United Kingdom (Flag) to Russia (Flag) (2022)

Exports from Russia (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Russia
Top DestinationChina$101B

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

In 2021, countries that imported more from United Kingdom than Russia were United States ($61.8B), Ireland ($32.6B), and Netherlands ($41.9B).

In 2021, countries that imported more from Russia than United Kingdom were China ($101B), India ($40.4B), and Turkey ($25.3B).

Difference in imports from Russia (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Russia

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Russia in the exports of Chemical Products ($600M), Machines ($217M), and Transportation ($92.1M).

During 2022, Russia had a large net trade with United Kingdom in the exports of Mineral Products ($2.75B), Precious Metals ($2.72B), and Chemical Products ($305M).

Service Trade

Bilateral Service Trade

In 2019, United Kingdom exported services to Russia worth $2.71B, with Financial services ($981M), Other business services ($680M), and Travel ($319M) being the largest in terms of value.

In 2020, Russia exported services to United Kingdom worth $2.51B, with Other business services ($875M), Transportation ($483M), and Computer and information services ($407M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom (Flag) to Russia (Flag) (2019)

Services Exports from Russia (Flag) to United Kingdom (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more United Kingdom has comparative advantage over Russia. Similarly, the more yellow a dot/product is, the more Russia has comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Russia (Flag) (2022)

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