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Pricing

2022
Flag → Flag
Exports $1.25BRnk 44 / 224
2022
Flag → Flag
Top Product $363MPackaged Medicaments
2022
Flag → Flag
Exports $6.37BRnk 21 / 138
2022
Flag → Flag
Top Product $2.26BGold
2022
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Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
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Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
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 Trade: In 2022, United Kingdom exported $1.25B to Russia. The main products that United Kingdom exported to Russia were Packaged Medicaments ($363M), Cars ($51.8M), and Large Construction Vehicles ($40.6M). Over the past 5 years the exports of United Kingdom to Russia have decreased at an annualized rate of 20.1%, from $3.85B in 2017 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 Trade: 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). Over the past 5 years the exports of Russia to United Kingdom have decreased at an annualized rate of 0.79%,  from $6.68B in 2017 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 1.42), and 14 in total exports ($469B). That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Latest Trends

August, 2024

About

Overview In August 2024, United Kingdom exported £45.3M and imported £6.45M from Russia, resulting in a positive trade balance of £38.8M. Between August 2023 and August 2024 the exports of United Kingdom have decreased by £-10.3M (-18.5%) from £55.5M to £45.3M, while imports increased by £909k (16.4%) from £5.54M to £6.45M.

Trade In August 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 August 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 August 2024 the exports of United Kingdom were mainly from N/A, while imports destinations were mainly London Heathrow Airport (£38k) and Middlesbrough (£27.4k).

Growth In August 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 August 2024, the increase in United Kingdom's year-by-year imports  from Russia was explained primarily by an increase in product imports  in Starch Residue (£1.67M or 240%), Other Processed Fruits and Nuts (£52.7k or 90.6%), and Gas and Liquid Flow Measuring Instruments (£51.9k or 660%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)£-10.3M(-18.5%)
IMPORT GROWTH (August 2023 - August 2024)£909k(16.4%)

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.

Explore Russia and United Kingdom Data

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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 5 years the exports of United Kingdom to Russia have decreased at an annualized rate of 20.1%, from $3.85B in 2017 to $1.25B in 2022.

In 2017, 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 5 years the exports of Russia to United Kingdom have decreased at an annualized rate of 0.79%, from $6.68B in 2022 to $6.37B in 2017.

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 2022, countries that imported more from United Kingdom than Russia included United States ($61.8B), Ireland ($32.6B), and Netherlands ($41.9B).

In 2022, countries that imported more from Russia than United Kingdom included 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 2017, 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).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Russia+$234MPackaged Medicaments
Top Product Potential Russia United Kingdom+$915MRefined 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 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)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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