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Pricing

2023
Flag → Flag
Exports $505MRnk 49 / 137
2023
Flag → Flag
Top Product $207MMixed Mineral or Chemical Fertilizers
2023
Flag → Flag
Exports $2.35MRnk 128 / 158
2023
Flag → Flag
Top Product $1.29MHard Liquor
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
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Economic Complexity (ECI) ECI 1.09Rnk 25 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
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 GDP$1.79TCURRENT US$
Rnk 12 / 195
2013-2023
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GDP GROWTH34.8%CURRENT US$
Rnk 103 / 195
2023
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GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
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GDP PC$13,790CURRENT US$
Rnk 75 / 196
2013-2023
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GDP PC GROWTH22.9%CURRENT US$
Rnk 94 / 195

About

Russia-Mexico Trade: In 2023, Russia exported $505M to Mexico. The main products that Russia exported to Mexico were Mixed Mineral or Chemical Fertilizers ($207M), Nitrogenous Fertilizers ($155M), and Potassic Fertilizers ($38.2M). Over the past 5 years the exports of Russia to Mexico have decreased at an annualized rate of 26.3%, from $2.32B in 2018 to $505M in 2023.

In 2020, Russia exported services to Mexico worth $32.6M, with Financial services ($21.8M), Transportation ($6.89M), and Travel ($1.69M) being the largest in terms of value.

Mexico-Russia Trade: In 2023, Mexico exported $2.35M to Russia. The main products that Mexico exported to Russia were Hard Liquor ($1.29M), Coffee ($650k), and Other Fruits ($404k). Over the past 5 years the exports of Mexico to Russia have decreased at an annualized rate of 39.1%,  from $902M in 2018 to $2.35M in 2023.

In 2023, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $266M and imported $108M from Mexico, resulting in a positive trade balance of $158M. Between January 2021 and January 2022 the exports of Russia have increased by $134M (102%) from $131M to $266M, while imports increased by $31M (40.3%) from $77M to $108M.

Trade In January 2022, the top exports of Russia to Mexico were Semi-Finished Iron ($93.9M), Hot-Rolled Iron ($9.4M), Nitrogenous Fertilizers ($6.93M), Synthetic Rubber ($4.73M), and Flat Flat-Rolled Steel ($2.55M). In January 2022 the top imports of Russia from Mexico were Cars ($16.2M), Motor vehicles; parts and accessories (8701... ($8.93M), Hard Liquor ($5.45M), Other Heating Machinery ($4.83M), and Medical Instruments ($3.74M).

Origins In January 2022 the exports of Russia were mainly from LIPETSK REGION ($213M), KIROV REGION ($9.44M), PERM TERRITORY ($8.51M), REPUBLIC OF KHAKASSIA ($7.11M), and IRKUTSK REGION ($6.1M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($46.3M), ST. PETERSBURG ($28.5M), MOSCOW REGION ($9.71M), REPUBLIC OF TATARSTAN ($7.5M), and KALUGA REGION ($5.59M).

Growth In January 2022, the increase in Russia's year-by-year exports to Mexico was explained primarily by an increase in product exports in Semi-Finished Iron ($20.5M or 28%), Hot-Rolled Iron ($8.93M or 1.9k%), and Flat Flat-Rolled Steel ($2.3M or 935%). In January 2022, the increase in Russia's year-by-year imports  from Mexico was explained primarily by an increase in product imports  in Cars ($14.1M or 661%), Other Heating Machinery ($4.8M or 16.2k%), and Motor vehicles; parts and accessories (8701... ($2.49M or 38.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$134M(102%)
IMPORT GROWTH (January 2021 - January 2022)$31M(40.3%)
MAIN EXPORTER (January 2022)LIPETSK REGION$213M

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 Mexico and Russia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Mexico and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $505M to Mexico. The main products exported from Russia to Mexico were Mixed Mineral or Chemical Fertilizers ($207M), Nitrogenous Fertilizers ($155M), and Potassic Fertilizers ($38.2M). During the last 5 years the exports of Russia to Mexico have decreased at an annualized rate of 26.3%, from $2.32B in 2018 to $505M in 2023.

In 2018, Mexico exported $2.35M to Russia. The main products exported from Mexico to Russia were Hard Liquor ($1.29M), Coffee ($650k), and Other Fruits ($404k). During the last 5 years the exports of Mexico to Russia have decreased at an annualized rate of 39.1%, from $902M in 2023 to $2.35M in 2018.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Mexico
Top DestinationUnited States$456B

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

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

In 2023, countries that imported more from Mexico than Russia included United States ($456B), Canada ($33B), and Germany ($10.7B).

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

Comparative Advantage Russia - Mexico

Flow
Scale

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

During 2023, Russia had a large net trade with Mexico in the exports of Chemical Products ($401M), Metals ($53.6M), and Vegetable Products ($37.2M).

During 2018, Mexico had a large net trade with Russia in the exports of Foodstuffs ($1.29M), Vegetable Products ($1.05M), and Plastics and Rubbers ($3.67k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Mexico+$58MRaw Aluminium
Top Product Potential Mexico Russia+$9.24MTelephones

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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Economic Complexity

Competitive Landscape

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

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

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