Russia (RUS) and Canada (CAN) Trade

Russia-Canada Trade: In 2022, Russia exported $531M to Canada. The main products that Russia exported to Canada were Nitrogenous Fertilizers ($144M), Refined Petroleum ($42.4M), and Rubber Tires ($41.3M). Over the past 5 years the exports of Russia to Canada have decreased at an annualized rate of 7.59%, from $788M in 2017 to $531M in 2022.

In 2020, Russia exported services to Canada worth $128M, with Computer and information services ($44.5M), Other business services ($30.4M), and Transportation ($28.2M) being the largest in terms of value.

Canada-Russia Trade: In 2022, Canada exported $161M to Russia. The main products that Canada exported to Russia were Planes, Helicopters, and/or Spacecraft ($73.1M), Machinery Having Individual Functions ($13.3M), and Eggs ($8.43M). Over the past 5 years the exports of Canada to Russia have decreased at an annualized rate of 25.5%, from $701M in 2017 to $161M in 2022.

In 2020, Canada exported services to Russia worth $146M, with Transportation ($52.9M), Travel ($52.9M), and Royalties and license fees ($25.4M) 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, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $56.7M and imported $105M from Canada, resulting in a negative trade balance of $48M. Between January 2021 and January 2022 the exports of Russia have increased by $22.8M (67.4%) from $33.9M to $56.7M, while imports increased by $43.6M (71.4%) from $61.1M to $105M.

Trade In January 2022, the top exports of Russia to Canada were Nitrogenous Fertilizers ($13.1M), Coal Briquettes ($4.45M), Rubber Tires ($2.29M), Commodities not elsewhere specified ($2.21M), and Plywood ($1.84M). In January 2022 the top imports of Russia from Canada were Commodities not elsewhere specified ($14.2M), Packaged Medicaments ($11.7M), Animal Food ($3.06M), Other Iron Products ($2.95M), and Other Agricultural Machinery ($1.57M).

Origins In January 2022 the exports of Russia were mainly from NOVGOROD REGION ($15.9M), VOLOGDA REGION ($8.44M), STAVROPOL TERRITORY ($8.23M), SVERDLOVSK REGION ($6.58M), and LENINGRAD REGION ($3.03M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($72.1M), REPUBLIC OF TATARSTAN ($11.6M), ST. PETERSBURG ($4.83M), MOSCOW REGION ($4.17M), and AMUR REGION ($1.94M).

Growth In January 2022, the increase in Russia's year-by-year exports to Canada was explained primarily by an increase in product exports in Coal Briquettes ($2.69M or 153%), Radioactive Chemicals ($1.09M or 70.4k%), and Kraft Paper ($744k or 470%). In January 2022, the increase in Russia's year-by-year imports from Canada was explained primarily by an increase in product imports in Packaged Medicaments ($11.6M or 8.01k%), Commodities not elsewhere specified ($10.1M or 244%), and Other Iron Products ($2.47M or 514%).

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)$22.8M(67.4%)

IMPORT GROWTH (January 2021 - January 2022)$43.6M(71.4%)

MAIN EXPORTER (January 2022)NOVGOROD REGION$15.9M

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 Canada 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 $531M to Canada. The main products exported from Russia to Canada were Nitrogenous Fertilizers ($144M), Refined Petroleum ($42.4M), and Rubber Tires ($41.3M). During the last 5 years the exports of Russia to Canada have decreased at an annualized rate of 7.59%, from $788M in 2017 to $531M in 2022.

In 2017, Canada exported $161M to Russia. The main products exported from Canada to Russia were Planes, Helicopters, and/or Spacecraft ($73.1M), Machinery Having Individual Functions ($13.3M), and Eggs ($8.43M). During the last 5 years the exports of Canada to Russia have decreased at an annualized rate of 25.5%, from $701M in 2022 to $161M in 2017.

Exports from Russia () to Canada () (2022)

Exports from Canada () to Russia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$101B

Canada
Top DestinationUnited States$438B

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

In 2022, countries that imported more from Russia than Canada included China ($101B), India ($40.4B), and Turkey ($25.3B).

In 2022, countries that imported more from Canada than Russia included United States ($438B), Mexico ($7.39B), and United Kingdom ($12.9B).

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

Comparative Advantage Russia - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Russia had a large net trade with Canada in the exports of Chemical Products ($201M), Metals ($71.7M), and Mineral Products ($70.5M).

During 2017, Canada had a large net trade with Russia in the exports of Transportation ($77.8M), Machines ($36.9M), and Animal Products ($14.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Russia Canada+$112MRefined Petroleum

Top Product Potential Canada Russia+$17.8MPlanes, Helicopters, and/or Spacecraft

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

Can Year

Rus Year

In 2020, Canada exported services to Russia worth $146M, with Transportation ($52.9M), Travel ($52.9M), and Royalties and license fees ($25.4M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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

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