2023
Exports
$122BWorld Rnk 3 / 150
Flag Rnk 1 / 1200
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$12.4MWorld Rnk 85 / 159
Flag Rnk 727 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $122B in Crude Petroleum, making it the 3rd largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most exported product in Russia. The main destination of Crude Petroleum exports from Russia are: China ($60.7B), India ($48.6B), Bulgaria ($2.69B), Hungary ($2.22B), and Slovakia ($2.1B).

The fastest growing export markets for Crude Petroleum of Russia between 2022 and 2023 were India ($23.1B), China ($2.3B), and Azerbaijan ($598M).

Imports In 2023, Russia imported $12.4M in Crude Petroleum, becoming the 85th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 727th most imported product in Russia. Russia imports Crude Petroleum primarily from: Kazakhstan ($12.4M) and United Arab Emirates ($50).

The fastest growing import markets in Crude Petroleum for Russia between 2022 and 2023 were United Arab Emirates ($50).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$122B
IMPORTS (2023)$12.4M
NET TRADE (2023)$122B

In 2023, Russia exported $122B in Crude Petroleum. The main destinations of Russia exports on Crude Petroleum were China ($60.7B), India ($48.6B), Bulgaria ($2.69B), Hungary ($2.22B), and Slovakia ($2.1B).

In 2023, Russia imported $12.4M in Crude Petroleum, mainly from Kazakhstan ($12.4M) and United Arab Emirates ($50).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Russia WERE (2022 - 2023):
India$23.1B (90.5%)
China$2.3B (3.94%)
Azerbaijan$598M (455%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Russia WERE (2022 - 2023):
Germany-$13.1B (-99.7%)
Netherlands-$10.1B (-95.3%)
Italy-$7.24B (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Crude Petroleum were:
In 2023, Russia's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $13.1B
TOP IMPORT POTENTIALKazakhstan+ $18.7M

Crude Petroleum’s highest export potential is China. With an export gap of $13.1B.   Crude Petroleum’s highest import potential is Kazakhstan with an import gap of $18.7M.

See methodology.

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