Wheat in Russia

EXPORTS (2018): $10.7B, World Rnk 1 / 109
Flag Rnk 5 / 1196

TOP DESTINATION (2018): $3.62B, Egypt

FASTEST GROWING MARKET (2017 - 2018): $755M, Egypt

IMPORTS (2018): $60.8M, World Rnk 83 / 180
Flag Rnk 505 / 1200

TOP ORIGIN (2018): $47.9M, Kazakhstan

FASTEST GROWING ORIGIN (2017 - 2018): $24.3M, Kazakhstan

ECONOMIC COMPLEXITY of Russia (2018): 0.6, Rnk 41 / 137

PRODUCT COMPLEXITY  IN Wheat (2018): -0.27, Rnk 631 / 1018

Overview: This page contains the latest trade data of Wheat in Russia.

Exports: In 2018, Russia exported $10.7B in Wheat, making it the 1st largest exporter of Wheat in the world. At the same year, Wheat was the 5th most exported product in Russia. The main destination of Wheat exports from Russia are: Egypt ($3.62B), Turkey ($936M), Nigeria ($843M), Vietnam ($459M), and Sudan ($417M).

The fastest growing export markets for Wheat of Russia between 2017 and 2018 were Egypt ($755M), Turkey ($368M), and Nigeria ($328M).

Imports: In 2018, Russia imported $60.8M in Wheat, becoming the 83rd largest importer of Wheat in the world. At the same year, Wheat was the 505th most imported product in Russia. Russia imports Wheat primarily from: Kazakhstan ($47.9M), Ukraine ($11.9M), Belarus ($227k), Serbia ($192k), and Germany ($122k).

The fastest growing import markets in Wheat for Russia between 2017 and 2018 were Kazakhstan ($24.3M), Serbia ($191k), and Belarus ($33.2k).

Tariffs: In 2018, the average tariff for Russia in Wheat was 4.77%. The countries with the highest import tariffs for Wheat were Angola (5%), Burundi (5%), Benin (5%), Burkina Faso (5%), and Botswana (5%).

Overview: In June 2020 Russia's Wheat exports accounted up to $45.7M and imports accounted up to $3.44M, resulting in a positive trade balance of $42.3M. Between June 2019 and June 2020 the exports of Russia's   Wheat have decreased by $-175M (-79.3%) from $221M to $45.7M, while imports increased by $2.06M (149%) from $1.38M to $3.44M.

Destinations: In June 2020 Wheat exported mostly to Saudi Arabia ($13.8M), Turkey ($7.71M), Nigeria ($6.76M), Kazakhstan ($6.51M), and Georgia ($2.96M), and imported mostly from Kazakhstan ($3.43M), Lithuania ($7.67k), Finland ($184), Slovenia ($55.5), and Belarus ($0.77).

Growth: In June 2020, the decrease in Wheat's year-by-year exports was explained primarily by a decrease in exports to Turkey ($-37.9M or -83.1%), Egypt ($-29.5M or -99.3%), and Azerbaijan ($-10.9M or -99%). In June 2020, the increase in Wheat's year-by-year imports was explained primarily by an increase in imports from Kazakhstan ($2.06M or 150%) and Lithuania ($254 or 3.43%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (June 2019 - June 2020): $-175M, (-79.3%)

IMPORT GROWTH (June 2019 - June 2020): $2.06M, (149%)

MAIN EXPORTER (June 2020): Moscow, The Capital Of Russian Federation, $29.7M

MAIN DESTINATION (June 2020): Saudi Arabia, $13.8M

This section shows Wheat's exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Wheat over time.

Value

EXPORTS (2018): $10.7B

IMPORTS (2018): $60.8M

NET TRADE (2018): $10.7B

In 2018, Russia exported $10.7B in Wheat. The main destinations of Russia exports on Wheat were Egypt ($3.62B), Turkey ($936M), Nigeria ($843M), Vietnam ($459M), and Sudan ($417M).

In 2018, Russia imported $60.8M in Wheat, mainly from Kazakhstan ($47.9M), Ukraine ($11.9M), Belarus ($227k), Serbia ($192k), and Germany ($122k).

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IN 2018, Russia HAD A POSITIVE NET TRADE IN Wheat WITH:

  • Egypt, $3.62B ($3.62B - $0)
  • Turkey, $936M ($936M - $0)
  • Nigeria, $843M ($843M - $0)

IN 2018, Russia HAD A NEGATIVE NET TRADE IN Wheat WITH:

  • Kazakhstan, -$40.9M ($7.02M - $47.9M)
  • Ukraine, -$11.7M ($205k - $11.9M)
  • Serbia, -$171k ($21.1k - $192k)
Flow

THE FASTEST GROWING Wheat EXPORT MARKETS FOR Russia WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wheat BY Russia WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Russia's main exporting competitors in Wheat were:

In 2018, Russia's main importing competitors in Wheat were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Wheat in Russia. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the average tariff for Russia in Wheat was 4.77%.

The countries with the highest tariffs for Wheat in Russia were Angola (5%), Burundi (5%), Benin (5%), Burkina Faso (5%), and Botswana (5%).

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