Russia (RUS) and Australia (AUS) Trade | The Observatory of Economic Complexity

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Russia (RUS) and Australia (AUS) Trade

2022

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Exports $497MRnk 61 / 138

2022

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About

Russia-Australia In 2022, Russia exported $497M to Australia. The main products that Russia exported to Australia are Crude Petroleum ($213M), Mixed Mineral or Chemical Fertilizers ($98.6M), and Nitrogenous Fertilizers ($63.3M). During the last 27 years the exports of Russia to Australia have increased at an annualized rate of 11.9%, from $23.8M in 1995 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 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). During the last 27 years the exports of Australia to Russia have increased at an annualized rate of 4.5%, from $45.9M in 1995 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 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B). That same year, Australia ranked 77 in the Economic Complexity Index (ECI -0.35), 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

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 27 years the exports of Russia to Australia have increased at an annualized rate of 11.9%, from $23.8M in 1995 to $497M in 2022.

In 2022, 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 27 years the exports of Australia to Russia have increased at an annualized rate of 4.5%, from $45.9M in 1995 to $150M in 2022.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 2021, countries that imported more from Russia than Australia were Turkey ($25.3B), Italy ($25.1B), and Germany ($27.7B).

In 2021, countries that imported more from Australia than Russia were Japan ($80.1B), South Korea ($41B), and China ($123B).

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

Comparative Advantage Russia - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2022, Australia had a large net trade with Russia in the exports of Chemical Products ($120M), Machines ($21.4M), and Mineral Products ($3.04M).

Service Trade

Bilateral Service Trade

Aus Year

Rus Year

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.

Service trade data is presented based on availability.

Services Exports from Russia () to Australia () (2020)

Services Exports from Australia () to Russia () (2009)

Economic Complexity

Competitive Landscape

Year

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 Russia has comparative advantage over Australia. Similarly, the more yellow a dot/product is, the more Australia has comparative advantage over Russia.

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

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