2023
Flag  
GDP
$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP GROWTH
-11.8%CURRENT US$
Rnk 183 / 195
2023
Flag
 GDP
$45.8BCURRENT US$
Rnk 95 / 195
2013-2023
Flag
GDP GROWTH
-11.1%CURRENT US$
Rnk 182 / 195
2023
Flag
GDP PC 
$13,817CURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP PC GROWTH
-13.3%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC
$67,477CURRENT US$
Rnk 15 / 196
2013-2023
Flag
GDP PC GROWTH
-22.5%CURRENT US$
Rnk 181 / 195

About

Russia-Macau Trade: In 2023, Russia exported $5.88M to Macau. The main products that Russia exported to Macau were Pig Meat ($3.17M), Processed Crustaceans ($1.16M), and Crustaceans ($456k). Over the past 5 years the exports of Russia to Macau have increased at an annualized rate of 10.4%, from $3.58M in 2018 to $5.88M in 2023.

In 2020, Russia exported services to Macau worth $3.65M, with Other business services ($3.33M), Transportation ($224k), and Royalties and license fees ($71k) being the largest in terms of value.

Macau-Russia Trade: In 2023, Macau exported $87.4k to Russia. The main products that Macau exported to Russia were Aircraft parts (gliders, balloons, and powered aircraft) ($32.3k), Telephones ($19.5k), and Other toys ($10.2k). Over the past 5 years the exports of Macau to Russia have decreased at an annualized rate of 31%,  from $560k in 2018 to $87.4k in 2023.

In 2023, Macau did not export any services to Russia.

Comparison In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3),  and 18 in total exports ($394B). That same year, Macau ranked 145 in total exports ($1.93B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $5.88M to Macau. The main products exported from Russia to Macau were Pig Meat ($3.17M), Processed Crustaceans ($1.16M), and Crustaceans ($456k). During the last 5 years the exports of Russia to Macau have increased at an annualized rate of 28.4%, from $990M in 2018 to $5.88M in 2023.

In 2018, Macau exported $87.4k to Russia. The main products exported from Macau to Russia were Aircraft parts (gliders, balloons, and powered aircraft) ($32.3k), Telephones ($19.5k), and Other toys ($10.2k). During the last 5 years the exports of Macau to Russia have decreased at an annualized rate of 12.9%, from $353k in 2023 to $87.4k in 2018.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$129B
Macau
Top Destination
Hong Kong$1.4B

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

In 2023, countries that imported more from Russia than Macau included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Macau than Russia included Vietnam ($13.7M), South Korea ($201k), and Suriname ($47.2k).

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

Comparative Advantage Russia - Macau

Flow
Scale

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

During 2023, Russia had a large net trade with Macau in the exports of Animal Products ($4.25M), Foodstuffs ($1.25M), and Precious Metals ($250k).

During 2018, Macau had a large net trade with Russia in the exports of Machines ($38.7k), Transportation ($32.3k), and Miscellaneous ($10.2k).

Economic Complexity

Competitive Landscape

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

Product Space of Russia (Flag) and Macau (Flag) (2023)

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