Crude Petroleum in Russia

2019
Exports | Imports
: $123B | $28.5M, World Rnk 2 / 135
Flag Rnk 1 / 1208 | World Rnk 81 / 156
Flag Rnk 668 / 1210

2019
Destination | Origin
: $33.7B | $25.2M, China | Kazakhstan

2018 - 2019
FASTEST GROWING MARKET |  FASTEST GROWING ORIGIN
: $2.63B | $3.03M, Turkey |  Senegal

2019
ECONOMIC COMPLEXITY of Russia
: 0.63, Rnk 45 / 157

2019
PRODUCT COMPLEXITY  IN Crude Petroleum
: -3.02, Rnk 1029 / 1029

Exports: In 2019, Russia exported $123B in Crude Petroleum, making it the 2nd 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 ($33.7B), Netherlands ($20.4B), Germany ($8.53B), South Korea ($7.38B), and Belarus ($6.52B).

The fastest growing export markets for Crude Petroleum of Russia between 2018 and 2019 were Turkey ($2.63B), United States ($1.26B), and United Kingdom ($658M).

Imports: In 2019, Russia imported $28.5M in Crude Petroleum, becoming the 81st largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 668th most imported product in Russia. Russia imports Crude Petroleum primarily from: Kazakhstan ($25.2M), Senegal ($3.03M), Azerbaijan ($252k), and Netherlands ($64).

The fastest growing import markets in Crude Petroleum for Russia between 2018 and 2019 were Senegal ($3.03M), Kazakhstan ($636k), and Netherlands ($64).

Tariffs: In 2018, the average tariff for Russia in Crude Petroleum was 1.36%. The countries with the highest import tariffs for Crude Petroleum were Angola (1.43%), Burundi (1.43%), Benin (1.43%), Burkina Faso (1.43%), and Botswana (1.43%).

Overview: In November 2020 Russia's Crude Petroleum exports accounted up to $5.83B and imports accounted up to $1.5M, resulting in a positive trade balance of $5.83B. Between November 2019 and November 2020 the exports of Russia's   Crude Petroleum have decreased by $-4.13B (-41.5%) from $9.96B to $5.83B, while imports increased by $1.45M (2.83k%) from $51.3k to $1.5M.

Destinations: In November 2020 Crude Petroleum exported mostly to China ($1.73B), Netherlands ($976M), Germany ($523M), South Korea ($497M), and Belarus ($456M), and imported mostly from Unknown ($1.48M) and Kazakhstan ($22.1k).

Growth: In November 2020, the decrease in Crude Petroleum's year-by-year exports was explained primarily by a decrease in exports to China ($-1.21B or -41.3%), Italy ($-452M or -65.7%), and Poland ($-393M or -63.6%). In November 2020, the increase in Crude Petroleum's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (November 2019 - November 2020): $-4.13B, (-41.5%)

IMPORT GROWTH (November 2019 - November 2020): $1.45M, (2.83k%)

MAIN EXPORTER (November 2020): Moscow, The Capital Of Russian Federation, $3.38B

MAIN DESTINATION (November 2020): China, $1.73B

This section shows Crude 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 Crude Petroleum over time.

Value

EXPORTS (2019): $123B

IMPORTS (2019): $28.5M

NET TRADE (2019): $123B

In 2019, Russia exported $123B in Crude Petroleum. The main destinations of Russia exports on Crude Petroleum were China ($33.7B), Netherlands ($20.4B), Germany ($8.53B), South Korea ($7.38B), and Belarus ($6.52B).

In 2019, Russia imported $28.5M in Crude Petroleum, mainly from Kazakhstan ($25.2M), Senegal ($3.03M), Azerbaijan ($252k), and Netherlands ($64).

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IN 2019, Russia HAD A POSITIVE NET TRADE IN Crude Petroleum WITH:

IN 2019, Russia HAD A NEGATIVE NET TRADE IN Crude Petroleum WITH:: Kazakhstan , -$17M ($8.17M - $25.2M)

Flow

THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Russia WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Russia WERE (2018 - 2019):

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Market Concentration

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Flow
Type

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

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

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Tariffs by Country

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In 2018, the average tariff for Russia in Crude Petroleum was 1.36%.

The countries with the highest tariffs for Crude Petroleum in Russia were Angola (1.43%), Burundi (1.43%), Benin (1.43%), Burkina Faso (1.43%), and Botswana (1.43%).

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