Russia (RUS) and Japan (JPN) Trade | The Observatory of Economic Complexity

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Russia (RUS) and Japan (JPN) Trade

2022

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Exports $13.1BRnk 10 / 138

2022

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About

Russia-Japan Trade: In 2022, Russia exported $13.1B to Japan. The main products that Russia exported to Japan were Petroleum Gas ($4.48B), Coal Briquettes ($2.85B), and Crude Petroleum ($1.15B). Over the past 5 years the exports of Russia to Japan have increased at an annualized rate of 2.75%, from $11.4B in 2017 to $13.1B in 2022.

In 2020, Russia exported services to Japan worth $391M, with Transportation ($199M), Other business services ($129M), and Communications services ($15.5M) being the largest in terms of value.

Japan-Russia Trade: In 2022, Japan exported $4.33B to Russia. The main products that Japan exported to Russia were Cars ($2.33B), Large Construction Vehicles ($235M), and Motor vehicles; parts and accessories (8701 to 8705) ($216M). Over the past 5 years the exports of Japan to Russia have decreased at an annualized rate of 7.74%, from $6.48B in 2017 to $4.33B in 2022.

In 2009, Japan exported services to Russia worth $601M, with Services not allocated ($297M), Transportation ($95.7M), and Other business services ($67.8M) being the largest in terms of value.

Comparison: In 2022, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $874M and imported $770M from Japan, resulting in a positive trade balance of $104M. Between January 2021 and January 2022 the exports of Russia have increased by $459M (110%) from $415M to $874M, while imports increased by $207M (36.7%) from $564M to $770M.

Trade In January 2022, the top exports of Russia to Japan were Platinum ($104M), Raw Aluminium ($87.5M), Coal Briquettes ($71.8M), Crude Petroleum ($37.3M), and Refined Petroleum ($34.1M). In January 2022 the top imports of Russia from Japan were Cars ($108M), Motor vehicles; parts and accessories (8701... ($95.5M), Nucleic Acids ($58.4M), Rubber Tires ($22.4M), and Spark-Ignition Engines ($21.7M).

Origins In January 2022 the exports of Russia were mainly from SAKHALIN REGION ($258M), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($143M), KEMEROVO REGION ($135M), YAMAL-NENETS AUTONOMOUS AREA ($81M), and KHANTY-MANSIYSK AUTONOMOUS AREA ($57.9M), while imports destinations were mainly MOSCOW REGION ($224M), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($220M), ST. PETERSBURG ($123M), PRIMORYE TERRITORY ($74.1M), and ULYANOVSK REGION ($22.9M).

Growth In January 2022, the increase in Russia's year-by-year exports to Japan was explained primarily by an increase in product exports in Raw Aluminium ($70.1M or 404%), Platinum ($19.5M or 23.1%), and Ferroalloys ($6.47M or 37%). In January 2022, the increase in Russia's year-by-year imports from Japan was explained primarily by an increase in product imports in Cars ($60M or 124%), Nucleic Acids ($29.1M or 99%), and Air Pumps ($10.8M or 491%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (January 2021 - January 2022)$459M(110%)

IMPORT GROWTH (January 2021 - January 2022)$207M(36.7%)

MAIN EXPORTER (January 2022)SAKHALIN REGION$258M

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

To check Japan and Russia trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Russia exported $13.1B to Japan. The main products exported from Russia to Japan were Petroleum Gas ($4.48B), Coal Briquettes ($2.85B), and Crude Petroleum ($1.15B). During the last 5 years the exports of Russia to Japan have increased at an annualized rate of 2.75%, from $11.4B in 2017 to $13.1B in 2022.

In 2017, Japan exported $4.33B to Russia. The main products exported from Japan to Russia were Cars ($2.33B), Large Construction Vehicles ($235M), and Motor vehicles; parts and accessories (8701 to 8705) ($216M). During the last 5 years the exports of Japan to Russia have decreased at an annualized rate of 7.74%, from $6.48B in 2022 to $4.33B in 2017.

Exports from Russia () to Japan () (2022)

Exports from Japan () to Russia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$101B

Japan
Top DestinationUnited States$137B

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

In 2022, countries that imported more from Russia than Japan included India ($40.4B), Turkey ($25.3B), and Italy ($25.1B).

In 2022, countries that imported more from Japan than Russia included United States ($137B), Chinese Taipei ($50.1B), and South Korea ($50.8B).

Difference in imports from Japan () and Russia () (2022)

Comparative Advantage Russia - Japan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Russia had a large net trade with Japan in the exports of Mineral Products ($8.73B), Metals ($1.53B), and Animal Products ($1.12B).

During 2017, Japan had a large net trade with Russia in the exports of Transportation ($2.73B), Machines ($912M), and Plastics and Rubbers ($152M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Russia Japan+$1.54BCrude Petroleum

Top Product Potential Japan Russia+$182MMotor vehicles; parts and accessories (8701 to 8705)

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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Economic Complexity

Competitive Landscape

Year

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

Product Space of Russia () and Japan () (2022)

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