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Pricing

2022
Flag → Flag
Exports $1.63BRnk 70 / 219
2022
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Top Product $195MVaccines, blood, antisera, toxins and cultures
2022
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Exports $15BRnk 9 / 138
2022
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Top Product $4.73BRefined Petroleum
2022
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Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
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Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
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GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
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GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
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 GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
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GDP PC $76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186
2022
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GDP PC$15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186

About

United States-Russia Trade: 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). Over the past 5 years the exports of United States to Russia have decreased at an annualized rate of 29%, from $9.02B in 2017 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.

Russia-United States Trade: In 2022, Russia exported $15B 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 3.28%,  from $12.8B in 2017 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.

Comparison: In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Company data: In 2023, leading companies such as Chevron (12) and Kubota (1) were at the forefront of exporting goods from Russia to the United States. Conversely, Karachaganak Petroleum (12) and Other (1) were notable for importing products to Russia from the United States.

Latest Trends

August, 2024

About

Overview In August 2024, United States exported $54.5M and imported $84.4M from Russia, resulting in a negative trade balance of $29.8M. Between August 2023 and August 2024 the exports of United States have increased by $22.4M (69.8%) from $32.1M to $54.5M, while imports decreased by $-214M (-71.7%) from $298M to $84.4M.

Trade In August 2024, the top exports of United States to Russia were Vaccines, blood, antisera, toxins and cultures ($5.99M), Medical Instruments ($3.38M), Other Edible Preparations ($2.76M), Optical Fibers and optical fibre bundles ($2.48M), and Orthopedic Appliances ($1.95M). In August 2024 the top imports of United States from Russia were Platinum ($168M), Nitrogenous Fertilizers ($112M), Radioactive Chemicals ($70.9M), Mixed Mineral or Chemical Fertilizers ($30.4M), and Potassic Fertilizers ($19.3M).

Origins In August 2024 the exports of United States were mainly from North Carolina ($7.92M), Wisconsin ($4.87M), California ($4.53M), Pennsylvania ($4.37M), and Texas ($4.19M), while imports destinations were mainly Louisiana ($40M), New Jersey ($15.3M), Florida ($7.41M), California ($4.74M), and Pennsylvania ($3.73M).

Growth In August 2024, the increase in United States's year-by-year exports to Russia was explained primarily by an increase in product exports in Optical Fibers and optical fibre bundles ($1.67M or 207%), Knit T-shirts ($661k or 579%), and Rubber Footwear ($620k or 208%). In August 2024, the decrease in United States's year-by-year imports  from Russia was explained primarily by an decrease in product imports  in Potassic Fertilizers ($-62.3M or -76.4%), Plywood ($-54.5M or -91.5%), and Commodities not elsewhere specified ($-22M or -93.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$22.4M(69.8%)
IMPORT GROWTH (August 2023 - August 2024)$-214M(-71.7%)
MAIN EXPORTER (August 2024)North Carolina$7.92M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Russia and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Russia and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

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 5 years the exports of United States to Russia have decreased at an annualized rate of 29%, from $9.02B in 2017 to $1.63B in 2022.

In 2017, 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 5 years the exports of Russia to United States have increased at an annualized rate of 3.28%, from $12.8B in 2022 to $15B in 2017.

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

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

Market Competitiveness

Color
United States
Top DestinationCanada$308B
Russia
Top DestinationChina$101B

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

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

In 2022, countries that imported more from Russia than United States included Kazakhstan ($16.5B), Turkey ($25.3B), and Slovakia ($7.55B).

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

Comparative Advantage United States - Russia

Flow
Scale

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

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

During 2017, 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).

Potential Exports

Potential Exports

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

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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Bilateral Service Trade

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.

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.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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