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2023
Flag → Flag
Exports $8.61MRnk 108 / 137
2023
Flag → Flag
Top Product $3.81MIron Pipes
2023
Flag → Flag
Exports $2.59MRnk 164 / 211
2023
Flag → Flag
Top Product $1.26MSheep and Goat Meat
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
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Economic Complexity (ECI) ECI -0.28Rnk 75 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
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 GDP$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
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GDP GROWTH9.57%CURRENT US$
Rnk 156 / 195
2023
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GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
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GDP PC$64,821CURRENT US$
Rnk 16 / 196
2013-2023
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GDP PC GROWTH-4.94%CURRENT US$
Rnk 159 / 195

About

Russia-Australia Trade: In 2023, Russia exported $8.61M to Australia. The main products that Russia exported to Australia were Iron Pipes ($3.81M), Radioactive Chemicals ($877k), and Textiles for technical uses ($359k). Over the past 5 years the exports of Russia to Australia have decreased at an annualized rate of 46.1%, from $190M in 2018 to $8.61M in 2023.

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 2023, Australia exported $2.59M to Russia. The main products that Australia exported to Russia were Sheep and Goat Meat ($1.26M), Blank Audio Media ($351k), and Optical Fibers and optical fibre bundles ($339k). Over the past 5 years the exports of Australia to Russia have decreased at an annualized rate of 67.1%,  from $672M in 2018 to $2.59M in 2023.

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 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $8.61M to Australia. The main products exported from Russia to Australia were Iron Pipes ($3.81M), Radioactive Chemicals ($877k), and Textiles for technical uses ($359k). During the last 5 years the exports of Russia to Australia have decreased at an annualized rate of 46.1%, from $190M in 2018 to $8.61M in 2023.

In 2018, Australia exported $2.59M to Russia. The main products exported from Australia to Russia were Sheep and Goat Meat ($1.26M), Blank Audio Media ($351k), and Optical Fibers and optical fibre bundles ($339k). During the last 5 years the exports of Australia to Russia have decreased at an annualized rate of 67.1%, from $672M in 2023 to $2.59M in 2018.

Exports from Russia (Flag) to Australia (Flag) (2023)

Exports from Australia (Flag) to Russia (Flag) (2023)

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Australia
Top DestinationChina$137B

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 2023, countries that imported more from Russia than Australia included India ($66.1B), Turkey ($31B), and Kazakhstan ($16.1B).

In 2023, countries that imported more from Australia than Russia included Japan ($59B), South Korea ($20.9B), and Chinese Taipei ($17.4B).

Difference in imports from Australia (Flag) and Russia (Flag) (2023)

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 2023, Russia had a large net trade with Australia in the exports of Metals ($4.24M), Chemical Products ($1.06M), and Machines ($1M).

During 2018, Australia had a large net trade with Russia in the exports of Animal Products ($1.26M), Chemical Products ($411k), and Instruments ($382k).

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.

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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) (2023)

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