United States (USA) and Russia (RUS) Trade

About

United States-Russia: In 2018, United States exported $8.78B to Russia. The main products exported from United States to Russia were Planes, Helicopters, and/or Spacecraft ($3.34B), Cars ($357M), and Vehicle Parts ($258M). During the last 23 years the exports of United States to Russia have increased at an annualized rate of 5.17%, from $2.75B in 1995 to $8.78B in 2018.

Russia-United States: In 2018, Russia exported $13.6B to United States. The main products exported from Russia to United States were Refined Petroleum ($4.17B), Platinum ($1.25B), and Pig Iron ($1.21B). During the last 23 years the exports of Russia to United States have increased at an annualized rate of 5.48%, from $4B in 1995 to $13.6B in 2018. In 2018, Russia exported services to United States worth $4.12B, with Computer and information services ($1.33B), Other business services ($990M), and Transportation ($914M) being the largest in terms of value.

Comparison: In 2018, United States ranked 9 in the Economic Complexity Index (ECI 1.57), and 3 in total exports ($1.44T). That same year, Russia ranked 41 in the Economic Complexity Index (ECI 0.6), and 13 in total exports ($427B). In terms of GDP Per Capita, United States was ranked 10 with a GDP Per Capita of $62,795, and Russia was ranked 69 with a GDP Per Capita of $11,289.

Product Trade

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Bilateral Trade by Products

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Depth

Value

Year

In 2018, United States exported $8.78B to Russia. The main products exported from United States to Russia were Planes, Helicopters, and/or Spacecraft ($3.34B), Cars ($357M), and Vehicle Parts ($258M). During the last 23 years the exports of United States to Russia have increased at an annualized rate of 5.17%, from $2.75B in 1995 to $8.78B in 2018.

In 2018, Russia exported $13.6B to United States. The main products exported from Russia to United States were Refined Petroleum ($4.17B), Platinum ($1.25B), and Pig Iron ($1.21B). During the last 23 years the exports of Russia to United States have increased at an annualized rate of 5.48%, from $4B in 1995 to $13.6B in 2018.

Latest Data

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Date

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Market Competitiveness

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Measure

SectionYear

United States
Top Destination: Mexico, $237B

Russia
Top Destination: China, $55.2B

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 2018, countries that imported more from United States than Russia were Mexico ($237B), Canada ($190B), and China ($119B).

In 2018, countries that imported more from Russia than United States were Belarus ($21.6B), Kazakhstan ($13B), and Poland ($15.4B).

Comparative Advantage United States - Russia

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Depth

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

During 2018, United States had a large net trade with Russia in the exports of Transportation ($4.34B), Machines ($1.86B), and Chemical Products ($812M).

During 2018, Russia had a large net trade with United States in the exports of Mineral Products ($5.36B), Metals ($3.32B), and Chemical Products ($1.86B).

Tariff Section

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Tariffs

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This sections shows import tariffs for products traded between United States and Russia (using the HS6 product classification and the last year reported).

In 2018, the products from United States that paid the highest import tariffs to enter Russia were Tobacco: smoking, other than water pipe tobacco, whether or not containing tobacco substitutes in any proportion (350%) and Homogenized or reconstituted tobacco (350%).

In 2018, the products from Russia that paid the highest import tariffs to enter United States were Undenatured ethyl alcohol > 80% by volume (100%) and Ethyl alcohol and other spirits, denatured (100%).

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*The tariffs present between United States and Russia are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement

Forecasts

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Trade Forecasts

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This section shows a forecast for total trade between United States and Russia. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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Service Trade

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Bilateral Service Trade

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Rus Year

In 2018, Russia exported services to United States worth $4.12B, with Computer and information services ($1.33B), Other business services ($990M), and Transportation ($914M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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Year

This visualization show the product space at the HS4 level colored from blue to red. This mean that the more blue a dot/product is, the more United States has comparative advantage over Russia. Similarly, the more red a dot/product is, the more Russia has comparative advantage over United States.

About

Product Trade

Bilateral Trade by Products

Latest Data

Market Competitiveness

Comparative Advantage United States - Russia

Tariff Section

Tariffs

Forecasts

Trade Forecasts

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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