Russia (RUS) and Germany (DEU) Trade

2022

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Exports $27.7BRnk 3 / 138

2022

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About

Russia-Germany Trade: In 2022, Russia exported $27.7B to Germany. The main products that Russia exported to Germany were Crude Petroleum ($11.5B), Refined Petroleum ($5.19B), and Coal Briquettes ($2.9B). Over the past 5 years the exports of Russia to Germany have increased at an annualized rate of 9.61%, from $17.5B in 2017 to $27.7B in 2022.

In 2020, Russia exported services to Germany worth $2.68B, with Transportation ($1.03B), Other business services ($955M), and Computer and information services ($344M) being the largest in terms of value.

Germany-Russia Trade: In 2022, Germany exported $15.5B to Russia. The main products that Germany exported to Russia were Packaged Medicaments ($2.59B), Medical Instruments ($599M), and Cars ($575M). Over the past 5 years the exports of Germany to Russia have decreased at an annualized rate of 11.8%, from $29B in 2017 to $15.5B in 2022.

In 2020, Germany exported services to Russia worth $1.71B, with Other business services ($489M), Royalties and license fees ($448M), and Computer and information services ($368M) 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, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $3.54B and imported $1.58B from Germany, resulting in a positive trade balance of $1.96B. Between January 2021 and January 2022 the exports of Russia have increased by $1.71B (93.2%) from $1.83B to $3.54B, while imports increased by $319M (25.2%) from $1.27B to $1.58B.

Trade In January 2022, the top exports of Russia to Germany were Commodities not elsewhere specified ($730M), Crude Petroleum ($570M), Refined Petroleum ($250M), Platinum ($60.6M), and Coal Briquettes ($18.4M). In January 2022 the top imports of Russia from Germany were Packaged Medicaments ($78.5M), Cars ($70.2M), Motor vehicles; parts and accessories (8701... ($67.6M), Machinery Having Individual Functions ($24.8M), and Other Heating Machinery ($22.6M).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($2.46B), KHANTY-MANSIYSK AUTONOMOUS AREA ($310M), KRASNOYARSK TERRITORY ($264M), ST. PETERSBURG ($155M), and VOLOGDA REGION ($35.1M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($707M), MOSCOW REGION ($169M), ST. PETERSBURG ($119M), KALUGA REGION ($95.1M), and REPUBLIC OF TATARSTAN ($85.6M).

Growth In January 2022, the increase in Russia's year-by-year exports to Germany was explained primarily by an increase in product exports in Commodities not elsewhere specified ($86.3M or 13.4%), Plywood ($4.3M or 63.5%), and Soybean Meal ($4.19M or 9.02k%). In January 2022, the increase in Russia's year-by-year imports from Germany was explained primarily by an increase in product imports in Packaged Medicaments ($49.4M or 170%), Cars ($33.8M or 92.8%), and Machinery Having Individual Functions ($11.7M or 89.8%).

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)$1.71B(93.2%)

IMPORT GROWTH (January 2021 - January 2022)$319M(25.2%)

MAIN EXPORTER (January 2022)MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION$2.46B

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 Germany 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 $27.7B to Germany. The main products exported from Russia to Germany were Crude Petroleum ($11.5B), Refined Petroleum ($5.19B), and Coal Briquettes ($2.9B). During the last 5 years the exports of Russia to Germany have increased at an annualized rate of 9.61%, from $17.5B in 2017 to $27.7B in 2022.

In 2017, Germany exported $15.5B to Russia. The main products exported from Germany to Russia were Packaged Medicaments ($2.59B), Medical Instruments ($599M), and Cars ($575M). During the last 5 years the exports of Germany to Russia have decreased at an annualized rate of 11.8%, from $29B in 2022 to $15.5B in 2017.

Exports from Russia () to Germany () (2022)

Exports from Germany () to Russia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$101B

Germany
Top DestinationUnited States$153B

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

In 2022, countries that imported more from Russia than Germany included India ($40.4B), Kazakhstan ($16.5B), and Uzbekistan ($5.62B).

In 2022, countries that imported more from Germany than Russia included United States ($153B), France ($120B), and Netherlands ($109B).

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

Comparative Advantage Russia - Germany

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Russia had a large net trade with Germany in the exports of Mineral Products ($20.2B), Metals ($3.67B), and Precious Metals ($1.38B).

During 2017, Germany had a large net trade with Russia in the exports of Chemical Products ($4.66B), Machines ($3.87B), and Transportation ($1.31B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Russia Germany+$1.64BRefined Petroleum

Top Product Potential Germany Russia+$529MCars

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

Deu Year

Rus Year

Service trade data is presented based on availability.

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

Services Exports from Germany () 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 Germany. This means that a dot/product with the flag of Russia indicates it has a comparative advantage over Germany. Similarly, a dot/product with the flag of Germany indicates it has a comparative advantage over Russia.

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

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