United States (USA) and Russia (RUS) Trade

2022

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Exports $9.02BRnk 70 / 219

2022

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Top Product $195MVaccines, blood, antisera, toxins and cultures

2022

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Exports $12.8BRnk 9 / 138

2022

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About

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.

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.

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

April, 2024

About

Overview In April 2024, United States exported $33.9M and imported $297M from Russia, resulting in a negative trade balance of $264M. Between April 2023 and April 2024 the exports of United States have decreased by $-31.2M (-47.9%) from $65.2M to $33.9M, while imports increased by $81.9M (38%) from $216M to $297M.

Trade In April 2024, the top exports of United States to Russia were N/A. In April 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 April 2024 the exports of United States were mainly from New York ($4.73M), Illinois ($4.59M), California ($3.74M), North Carolina ($3.52M), and Delaware ($2.1M), while imports destinations were mainly New Jersey ($94.6M), Louisiana ($85.2M), North Carolina ($52.5M), Kentucky ($10.1M), and Virginia ($9.93M).

Growth In April 2024, the decrease in United States's year-by-year exports to Russia was explained primarily by an decrease in product exports in Motor vehicles; parts and accessories (8701... ($-21.6M or -95.3%), Computers ($-6.11M or -82.6%), and Vaccines, blood, antisera, toxins and cultures ($-5.59M or -48.3%). In April 2024, the increase in United States's year-by-year imports from Russia was explained primarily by an increase in product imports in Nitrogenous Fertilizers ($75.5M or 208%), Gas Turbines ($9.09M or 1.33k%), and Radioactive Chemicals ($8.77M or 14.1%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (April 2023 - April 2024)$-31.2M(-47.9%)

IMPORT GROWTH (April 2023 - April 2024)$81.9M(38%)

MAIN EXPORTER (April 2024)New York$4.73M

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 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, 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 22 years the exports of Russia to United States have increased at an annualized rate of 24.9%, from $4.2B in 1995 to $12.8B in 2017.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 () and United States () (2022)

Comparative Advantage United States - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Rus Year

Usa 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 United States () to Russia () (2017)

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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 () and Russia () (2022)

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