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Pricing

2022
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Exports $6.37BRnk 21 / 138
2022
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Top Product $2.26BGold
2022
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Exports $1.25BRnk 44 / 224
2022
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Top Product $363MPackaged Medicaments
2022
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Economic Complexity (ECI) ECI 0.42Rnk 45 / 124
2022
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Economic Complexity (ECI) ECI 1.38Rnk 12 / 124
2022
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GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
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 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
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GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
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GDP PC $15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186
2022
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GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
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GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Russia-United Kingdom In 2022, Russia exported $6.37B to United Kingdom. The main products that Russia exported to United Kingdom are Gold ($2.26B), Refined Petroleum ($1.55B), and Petroleum Gas ($470M). During the last 27 years the exports of Russia to United Kingdom have increased at an annualized rate of 5.93%, from $1.35B in 1995 to $6.37B in 2022.

In 2020, Russia exported services to United Kingdom worth $2.51B, with Other business services ($875M), Transportation ($483M), and Computer and information services ($407M) being the largest in terms of value.

United Kingdom-Russia In 2022, United Kingdom exported $1.25B to Russia. The main products that United Kingdom exported to Russia were Packaged Medicaments ($363M), Cars ($51.8M), and Large Construction Vehicles ($40.6M). During the last 27 years the exports of United Kingdom to Russia have decreased at an annualized rate of 0.13%, from $1.3B in 1995 to $1.25B in 2022.

In 2019, United Kingdom exported services to Russia worth $2.71B, with Financial services ($981M), Other business services ($680M), and Travel ($319M) 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.38), and 14 in total exports ($469B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $1.09B and imported $280M from United Kingdom, resulting in a positive trade balance of $805M. Between January 2021 and January 2022 the exports of Russia have decreased by $-56.8M (-4.98%) from $1.14B to $1.09B, while imports increased by $77.2M (38.1%) from $203M to $280M.

Trade In January 2022, the top exports of Russia to United Kingdom were Gold ($772M), Crude Petroleum ($131M), Commodities not elsewhere specified ($68.4M), Refined Petroleum ($52M), and Platinum ($29.9M). In January 2022 the top imports of Russia from United Kingdom were Hard Liquor ($22.9M), Cars ($22.6M), Packaged Medicaments ($14M), Large Construction Vehicles ($10.4M), and Other Heating Machinery ($6.36M).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($512M), KOSTROMA REGION ($226M), PERM TERRITORY ($99.4M), SVERDLOVSK REGION ($37.1M), and NIZHNY NOVGOROD REGION ($33.9M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($138M), MOSCOW REGION ($51.7M), ST. PETERSBURG ($21.2M), IRKUTSK REGION ($9.4M), and SVERDLOVSK REGION ($9.01M).

Growth In January 2022, the decrease in Russia's year-by-year exports to United Kingdom was explained primarily by an decrease in product exports in Refined Petroleum ($-234M or -81.8%), Crude Petroleum ($-158M or -54.8%), and Petroleum Gas ($-108M or -100%). In January 2022, the increase in Russia's year-by-year imports  from United Kingdom was explained primarily by an increase in product imports  in Other Heating Machinery ($6.08M or 2.22k%), Scrap Copper ($6.05M or 2.49k%), and Hard Liquor ($5.97M or 35.1%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2021 - January 2022)$-56.8M(-4.98%)
IMPORT GROWTH (January 2021 - January 2022)$77.2M(38.1%)
MAIN EXPORTER (January 2022)MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION$512M

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 United Kingdom and Russia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $6.37B to United Kingdom. The main products exported from Russia to United Kingdom were Gold ($2.26B), Refined Petroleum ($1.55B), and Petroleum Gas ($470M). During the last 27 years the exports of Russia to United Kingdom have increased at an annualized rate of 5.93%, from $1.35B in 1995 to $6.37B in 2022.

In 2022, United Kingdom exported $1.25B to Russia. The main products exported from United Kingdom to Russia were Packaged Medicaments ($363M), Cars ($51.8M), and Large Construction Vehicles ($40.6M). During the last 27 years the exports of United Kingdom to Russia have decreased at an annualized rate of 0.13%, from $1.3B in 1995 to $1.25B in 2022.

Exports from Russia (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Russia (Flag) (2022)

Market Competitiveness

Color
Russia
Top DestinationChina$101B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2021, countries that imported more from Russia than United Kingdom were China ($101B), India ($40.4B), and Turkey ($25.3B).

In 2021, countries that imported more from United Kingdom than Russia were United States ($61.8B), Ireland ($32.6B), and Netherlands ($41.9B).

Difference in imports from United Kingdom (Flag) and Russia (Flag) (2022)

Comparative Advantage Russia - United Kingdom

Flow
Scale

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

During 2022, Russia had a large net trade with United Kingdom in the exports of Mineral Products ($2.75B), Precious Metals ($2.72B), and Chemical Products ($305M).

During 2022, United Kingdom had a large net trade with Russia in the exports of Chemical Products ($600M), Machines ($217M), and Transportation ($92.1M).

Service Trade

Bilateral Service Trade

In 2020, Russia exported services to United Kingdom worth $2.51B, with Other business services ($875M), Transportation ($483M), and Computer and information services ($407M) being the largest in terms of value.

In 2019, United Kingdom exported services to Russia worth $2.71B, with Financial services ($981M), Other business services ($680M), and Travel ($319M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to United Kingdom (Flag) (2020)

Services Exports from United Kingdom (Flag) to Russia (Flag) (2019)

Economic Complexity

Competitive Landscape

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

Product Space of Russia (Flag) and United Kingdom (Flag) (2022)

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