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Pricing

2023
Flag → Flag
Exports $4.87BRnk 13 / 137
2023
Flag → Flag
Top Product $1.21BRadioactive Chemicals
2023
Flag → Flag
Exports $595MRnk 99 / 220
2023
Flag → Flag
Top Product $124MVaccines, blood, antisera, toxins and cultures
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
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Economic Complexity (ECI) ECI 1.5Rnk 10 / 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$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
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GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
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GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
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GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
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GDP PC$82,769CURRENT US$
Rnk 9 / 196
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Russia-United States Trade: In 2023, Russia exported $4.87B to United States. The main products that Russia exported to United States were Radioactive Chemicals ($1.21B), Platinum ($1.16B), and Nitrogenous Fertilizers ($1.04B). Over the past 5 years the exports of Russia to United States have decreased at an annualized rate of 23.6%, from $18.8B in 2018 to $4.87B in 2023.

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 2023, United States exported $595M to Russia. The main products that United States exported to Russia were Vaccines, blood, antisera, toxins and cultures ($124M), Other Edible Preparations ($59.6M), and Medical Instruments ($59.1M). Over the past 5 years the exports of United States to Russia have decreased at an annualized rate of 44.2%,  from $11B in 2018 to $595M in 2023.

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 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

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

Time Scale
Flow
Value
Depth
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.

For full datasets download visit Bulk Download page.

Explore United States and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $4.87B to United States. The main products exported from Russia to United States were Radioactive Chemicals ($1.21B), Platinum ($1.16B), and Nitrogenous Fertilizers ($1.04B). During the last 5 years the exports of Russia to United States have decreased at an annualized rate of 23.6%, from $18.8B in 2018 to $4.87B in 2023.

In 2018, United States exported $595M to Russia. The main products exported from United States to Russia were Vaccines, blood, antisera, toxins and cultures ($124M), Other Edible Preparations ($59.6M), and Medical Instruments ($59.1M). During the last 5 years the exports of United States to Russia have decreased at an annualized rate of 44.2%, from $11B in 2023 to $595M in 2018.

Exports from Russia (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Russia (Flag) (2023)

Market Competitiveness

Color
Russia
Top DestinationChina$129B
United States
Top DestinationCanada$269B

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 2023, countries that imported more from Russia than United States included India ($66.1B), Turkey ($31B), and Kazakhstan ($16.1B).

In 2023, countries that imported more from United States than Russia included Canada ($269B), Mexico ($243B), and Germany ($94.8B).

Difference in imports from United States (Flag) and Russia (Flag) (2023)

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 2023, Russia had a large net trade with United States in the exports of Chemical Products ($2.89B), Precious Metals ($1.16B), and Metals ($354M).

During 2018, United States had a large net trade with Russia in the exports of Chemical Products ($223M), Instruments ($160M), and Foodstuffs ($61.8M).

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.

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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) (2023)

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