2022
Flag  
GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH
1.45%CURRENT US$
Rnk 164 / 186
2022
Flag
 GDP
$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH
56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
GDP PC 
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH
-0.49%CURRENT US$
Rnk 145 / 186
2022
Flag
GDP PC
$76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH
47.5%CURRENT US$
Rnk 39 / 186

About

Russia-United States Trade: In 2022, Russia exported $12.8B to United States. The main products that Russia exported to United States were Refined Petroleum ($4.73B), Platinum ($1.84B), and Nitrogenous Fertilizers ($945M). Over the past 5 years the exports of Russia to United States have increased at an annualized rate of 24.9%, from $4.2B in 2017 to $12.8B 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 Trade: In 2022, United States exported $9.02B 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). Over the past 5 years the exports of United States to Russia have increased at an annualized rate of 26.8%,  from $2.75B in 2017 to $9.02B 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 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $12.8B 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 5 years the exports of Russia to United States have increased at an annualized rate of 24.9%, from $4.2B in 2017 to $12.8B in 2022.

In 2017, United States exported $9.02B 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 22 years the exports of United States to Russia have increased at an annualized rate of 26.8%, from $2.75B in 1995 to $9.02B in 2017.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$101B
United States
Top Destination
Canada$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 2022, countries that imported more from Russia than United States included Kazakhstan ($16.5B), Turkey ($25.3B), and Slovakia ($7.55B).

In 2022, countries that imported more from United States than Russia included Canada ($308B), Mexico ($294B), and United Kingdom ($75.4B).

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

Comparative Advantage Russia - United States

Flow
Scale

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 2017, United States had a large net trade with Russia in the exports of Machines ($417M), Chemical Products ($381M), and Instruments ($256M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia United States+$1.98BRefined Petroleum
Top Product Potential United States Russia+$170MVaccines, blood, antisera, toxins and cultures

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with