Russia (RUS) and United States (USA) Trade | The Observatory of Economic Complexity

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Russia (RUS) and United States (USA) Trade

2022

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Exports $15BRnk 9 / 138

2022

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About

Russia-United States In 2022, Russia exported $15B to United States. The main products that Russia exported to United States are Refined Petroleum ($4.73B), Platinum ($1.84B), and Nitrogenous Fertilizers ($945M). During the last 27 years the exports of Russia to United States have increased at an annualized rate of 4.83%, from $4.2B in 1995 to $15B in 2022.

In 2020, Russia exported services to United States worth $3.48B, with Computer and information services ($1.7B), Other business services ($868M), and Transportation ($505M) being the largest in terms of value.

United States-Russia In 2022, United States exported $1.63B to Russia. The main products that United States exported to Russia were Vaccines, blood, antisera, toxins and cultures ($195M), Medical Instruments ($90.9M), and Gas Turbines ($70.6M). During the last 27 years the exports of United States to Russia have decreased at an annualized rate of 1.93%, from $2.75B in 1995 to $1.63B in 2022.

In 2017, United States exported services to Russia worth $4.84B, with Travel ($1.3B), Financial services ($1.2B), and Other business services ($823M) 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 States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $968M and imported $1.31B from United States, resulting in a negative trade balance of $343M. Between January 2021 and January 2022 the exports of Russia have increased by $281M (40.8%) from $688M to $968M, while imports increased by $551M (72.5%) from $760M to $1.31B.

Trade In January 2022, the top exports of Russia to United States were Refined Petroleum ($300M), Platinum ($211M), Commodities not elsewhere specified ($33.3M), Raw Aluminium ($18.9M), and Crude Petroleum ($17.2M). In January 2022 the top imports of Russia from United States were Cars ($102M), Commodities not elsewhere specified ($96.1M), Vaccines, blood, antisera, toxins and cultures ($33.4M), Packaged Medicaments ($33M), and Motor vehicles; parts and accessories (8701... ($32.2M).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($435M), PERM TERRITORY ($77.1M), KHANTY-MANSIYSK AUTONOMOUS AREA ($49.3M), SVERDLOVSK REGION ($39.5M), and VOLOGDA REGION ($37.9M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($854M), ST. PETERSBURG ($117M), MOSCOW REGION ($94.2M), NOVOSIBIRSK REGION ($43.2M), and REPUBLIC OF TATARSTAN ($33.3M).

Growth In January 2022, the increase in Russia's year-by-year exports to United States was explained primarily by an increase in product exports in Platinum ($35.3M or 20.2%), Raw Aluminium ($7.3M or 63.1%), and Commodities not elsewhere specified ($6.59M or 24.7%). In January 2022, the increase in Russia's year-by-year imports from United States was explained primarily by an increase in product imports in Cars ($30.8M or 43.5%), Packaged Medicaments ($29.2M or 756%), and Vaccines, blood, antisera, toxins and cultures ($22.7M or 213%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2021 - January 2022)$281M(40.8%)

IMPORT GROWTH (January 2021 - January 2022)$551M(72.5%)

MAIN EXPORTER (January 2022)MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION$435M

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 States 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 $15B to United States. The main products exported from Russia to United States were Refined Petroleum ($4.73B), Platinum ($1.84B), and Nitrogenous Fertilizers ($945M). During the last 27 years the exports of Russia to United States have increased at an annualized rate of 4.83%, from $4.2B in 1995 to $15B in 2022.

In 2022, United States exported $1.63B to Russia. The main products exported from United States to Russia were Vaccines, blood, antisera, toxins and cultures ($195M), Medical Instruments ($90.9M), and Gas Turbines ($70.6M). During the last 27 years the exports of United States to Russia have decreased at an annualized rate of 1.93%, from $2.75B in 1995 to $1.63B in 2022.

Exports from Russia () to United States () (2022)

Exports from United States () to Russia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$101B

United States
Top DestinationCanada$308B

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

In 2021, countries that imported more from Russia than United States were Kazakhstan ($16.5B), Turkey ($25.3B), and Slovakia ($7.55B).

In 2021, countries that imported more from United States than Russia were Canada ($308B), Mexico ($294B), and United Kingdom ($75.4B).

Difference in imports from United States () and Russia () (2022)

Comparative Advantage Russia - United States

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Russia had a large net trade with United States in the exports of Mineral Products ($5.32B), Chemical Products ($2.98B), and Metals ($2.58B).

During 2022, United States had a large net trade with Russia in the exports of Machines ($417M), Chemical Products ($381M), and Instruments ($256M).

Service Trade

Bilateral Service Trade

Usa Year

Rus Year

In 2017, United States exported services to Russia worth $4.84B, with Travel ($1.3B), Financial services ($1.2B), and Other business services ($823M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to United States () (2020)

Services Exports from United States () to Russia () (2017)

Economic Complexity

Competitive Landscape

Year

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

Product Space of Russia () and United States () (2022)

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