Refined Petroleum in Russia

EXPORTS (2018): $77.5B, World Rnk 2 / 198
Flag Rnk 2 / 1196

TOP DESTINATION (2018): $12.7B, Netherlands

FASTEST GROWING MARKET (2017 - 2018): $4.4B, Netherlands

IMPORTS (2018): $1.44B, World Rnk 81 / 221
Flag Rnk 21 / 1200

TOP ORIGIN (2018): $228M, Finland

FASTEST GROWING ORIGIN (2017 - 2018): $137M, China

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

PRODUCT COMPLEXITY  IN Refined Petroleum (2018): -0.97, Rnk 812 / 1018

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

Exports: In 2018, Russia exported $77.5B in Refined Petroleum, making it the 2nd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most exported product in Russia. The main destination of Refined Petroleum exports from Russia are: Netherlands ($12.7B), Turkey ($5.45B), United States ($4.17B), Germany ($3.82B), and Malta ($3.77B).

The fastest growing export markets for Refined Petroleum of Russia between 2017 and 2018 were Netherlands ($4.4B), Turkey ($2.06B), and Latvia ($1.61B).

Imports: In 2018, Russia imported $1.44B in Refined Petroleum, becoming the 81st largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 21st most imported product in Russia. Russia imports Refined Petroleum primarily from: Finland ($228M), China ($178M), Germany ($166M), Belgium-Luxembourg ($128M), and South Korea ($89.3M).

The fastest growing import markets in Refined Petroleum for Russia between 2017 and 2018 were China ($137M), Finland ($71.6M), and Belgium-Luxembourg ($49.3M).

Tariffs: In 2018, the average tariff for Russia in Refined Petroleum was 4.7%. The countries with the highest import tariffs for Refined Petroleum were Angola (4.93%), Burundi (4.93%), Benin (4.93%), Burkina Faso (4.93%), and Botswana (4.93%).

Overview: In June 2020 Russia's Refined Petroleum exports accounted up to $3.11B and imports accounted up to $66.7M, resulting in a positive trade balance of $3.04B. Between June 2019 and June 2020 the exports of Russia's   Refined Petroleum have decreased by $-1.67B (-34.9%) from $4.77B to $3.11B, while imports decreased by $-3.47M (-4.95%) from $70.1M to $66.7M.

Destinations: In June 2020 Refined Petroleum exported mostly to Netherlands ($469M), United States ($385M), China ($209M), Malta ($137M), and Germany ($124M), and imported mostly from Finland ($11M), South Korea ($9.04M), Germany ($7.91M), Hong Kong ($6.92M), and Belgium ($4.5M).

Growth: In June 2020, the decrease in Refined Petroleum's year-by-year exports was explained primarily by a decrease in exports to Netherlands ($-286M or -37.9%), Turkey ($-246M or -67.7%), and United Kingdom ($-191M or -85.9%). In June 2020, the decrease in Refined Petroleum's year-by-year imports was explained primarily by a decrease in imports from Finland ($-4.35M or -28.3%), Singapore ($-2.58M or -45.1%), and Kazakhstan ($-2.49M or -80.1%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (June 2019 - June 2020): $-1.67B, (-34.9%)

IMPORT GROWTH (June 2019 - June 2020): $-3.47M, (-4.95%)

MAIN EXPORTER (June 2020): Moscow, The Capital Of Russian Federation, $1.35B

MAIN DESTINATION (June 2020): Netherlands, $469M

This section shows Refined Petroleum'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 Refined Petroleum over time.

Value

EXPORTS (2018): $77.5B

IMPORTS (2018): $1.44B

NET TRADE (2018): $76.1B

In 2018, Russia exported $77.5B in Refined Petroleum. The main destinations of Russia exports on Refined Petroleum were Netherlands ($12.7B), Turkey ($5.45B), United States ($4.17B), Germany ($3.82B), and Malta ($3.77B).

In 2018, Russia imported $1.44B in Refined Petroleum, mainly from Finland ($228M), China ($178M), Germany ($166M), Belgium-Luxembourg ($128M), and South Korea ($89.3M).

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IN 2018, Russia HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:

  • Netherlands, $12.7B ($12.7B - $50.1M)
  • Turkey, $5.38B ($5.45B - $67.7M)
  • United States, $4.15B ($4.17B - $17.1M)

IN 2018, Russia HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

  • Qatar, -$21.6M ($454k - $22M)
  • Czechia, -$9.04M ($3.65M - $12.7M)
  • Iceland, -$2.12M ($5.46M - $7.59M)
Flow

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

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum 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 Refined Petroleum were:

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

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Refined Petroleum 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 Refined Petroleum was 4.7%.

The countries with the highest tariffs for Refined Petroleum in Russia were Angola (4.93%), Burundi (4.93%), Benin (4.93%), Burkina Faso (4.93%), and Botswana (4.93%).

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