Sign In
Pricing

2022
Flag → Flag
Exports $497MRnk 61 / 138
2022
Flag → Flag
Top Product $213MCrude Petroleum
2022
Flag → Flag
Exports $150MRnk 61 / 213
2022
Flag → Flag
Top Product $117MAluminium Oxide
2022
Flag
Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 78 / 133
2022
Flag  
GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
Flag
 GDP$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC $15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186
2022
Flag
GDP PC$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH-5.23%CURRENT US$
Rnk 153 / 186

About

Russia-Australia Trade: In 2022, Russia exported $497M to Australia. The main products that Russia exported to Australia were Crude Petroleum ($213M), Mixed Mineral or Chemical Fertilizers ($98.6M), and Nitrogenous Fertilizers ($63.3M). Over the past 5 years the exports of Russia to Australia have increased at an annualized rate of 7.26%, from $350M in 2017 to $497M in 2022.

In 2020, Russia exported services to Australia worth $48.1M, with Computer and information services ($17.7M), Other business services ($9.76M), and Transportation ($9.39M) being the largest in terms of value.

Australia-Russia Trade: In 2022, Australia exported $150M to Russia. The main products that Australia exported to Russia were Aluminium Oxide ($117M), Cranes ($6.31M), and Lifting Machinery ($5.59M). Over the past 5 years the exports of Australia to Russia have decreased at an annualized rate of 20.8%,  from $483M in 2017 to $150M in 2022.

In 2009, Australia exported services to Russia worth $82.3M, with Travel ($68.1M), Other business services ($7.13M), and Government services, n.i.e. ($3.17M) 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, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $81.2M and imported $85.1M from Australia, resulting in a negative trade balance of $3.9M. Between January 2021 and January 2022 the exports of Russia have increased by $69.5M (593%) from $11.7M to $81.2M, while imports increased by $34.2M (67.2%) from $50.9M to $85.1M.

Trade In January 2022, the top exports of Russia to Australia were Nitrogenous Fertilizers ($4.26M), Wood Carpentry ($3.27M), Plywood ($819k), Refined Petroleum ($668k), and Sulfates ($554k). In January 2022 the top imports of Russia from Australia were Aluminium Oxide ($43.6M), Wine ($737k), Prepr binder for foundry ($584k), Non-woven Textiles ($539k), and Metal Finishing Machines ($537k).

Origins In January 2022 the exports of Russia were mainly from LENINGRAD REGION ($19.3M), SARATOV REGION ($18.5M), STAVROPOL TERRITORY ($17.2M), VOLOGDA REGION ($11.8M), and ST. PETERSBURG ($3.95M), while imports destinations were mainly KRASNOYARSK TERRITORY ($26.2M), IRKUTSK REGION ($24.8M), REPUBLIC OF KHAKASSIA ($18.7M), KHABAROVSK TERRITORY ($5.98M), and MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($5.13M).

Growth In January 2022, the increase in Russia's year-by-year exports to Australia was explained primarily by an increase in product exports in Wood Carpentry ($2.89M or 774%), Plywood ($481k or 142%), and Motor vehicles; parts and accessories (8701... ($231k or 387%). In January 2022, the increase in Russia's year-by-year imports  from Australia was explained primarily by an increase in product imports  in Aluminium Oxide ($13.1M or 43.2%), Prepr binder for foundry ($549k or 1.58k%), and Non-woven Textiles ($412k or 325%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$69.5M(593%)
IMPORT GROWTH (January 2021 - January 2022)$34.2M(67.2%)
MAIN EXPORTER (January 2022)LENINGRAD REGION$19.3M

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 Australia and Russia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Australia and Russia Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $497M to Australia. The main products exported from Russia to Australia were Crude Petroleum ($213M), Mixed Mineral or Chemical Fertilizers ($98.6M), and Nitrogenous Fertilizers ($63.3M). During the last 5 years the exports of Russia to Australia have increased at an annualized rate of 7.26%, from $350M in 2017 to $497M in 2022.

In 2017, Australia exported $150M to Russia. The main products exported from Australia to Russia were Aluminium Oxide ($117M), Cranes ($6.31M), and Lifting Machinery ($5.59M). During the last 5 years the exports of Australia to Russia have decreased at an annualized rate of 20.8%, from $483M in 2022 to $150M in 2017.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$101B
Australia
Top DestinationChina$123B

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

In 2022, countries that imported more from Russia than Australia included Turkey ($25.3B), Italy ($25.1B), and Germany ($27.7B).

In 2022, countries that imported more from Australia than Russia included Japan ($80.1B), South Korea ($41B), and China ($123B).

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

Comparative Advantage Russia - Australia

Flow
Scale

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

During 2022, Russia had a large net trade with Australia in the exports of Mineral Products ($218M), Chemical Products ($183M), and Wood Products ($45.9M).

During 2017, Australia had a large net trade with Russia in the exports of Chemical Products ($120M), Machines ($21.4M), and Mineral Products ($3.04M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Australia+$177MCrude Petroleum
Top Product Potential Australia Russia+$6.01MAluminium Oxide

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms