Mineral fuels, mineral oils and products of their distillation in Russia

2019
Exports | Imports
: $241B | $3.55B, World Rnk 1 / 218
Flag Rnk 1 / 96 | World Rnk 69 / 225
Flag Rnk 16 / 96

2019
Destination | Origin
: $40.1B | $890M, China | Uzbekistan

2018 - 2019
FASTEST GROWING MARKET |  FASTEST GROWING ORIGIN
: $2.09B | $307M, United States |  Uzbekistan

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

2019
PRODUCT COMPLEXITY  IN Mineral fuels, mineral oils and products of their distillation
: -2.45, Rnk 96 / 96

Exports: In 2019, Russia exported $241B in Mineral fuels, mineral oils and products of their distillation, making it the 1st largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most exported product in Russia. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Russia are: China ($40.1B), Netherlands ($34.9B), Italy ($13.9B), Germany ($13.6B), and South Korea ($13.2B).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Russia between 2018 and 2019 were United States ($2.09B), Norway ($1.65B), and Turkey ($612M).

Imports: In 2019, Russia imported $3.55B in Mineral fuels, mineral oils and products of their distillation, becoming the 69th largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 16th most imported product in Russia. Russia imports Mineral fuels, mineral oils and products of their distillation primarily from: Uzbekistan ($890M), Kazakhstan ($682M), China ($326M), Finland ($203M), and Japan ($190M).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Russia between 2018 and 2019 were Uzbekistan ($307M), Japan ($114M), and Turkey ($42M).

Tariffs: In 2018, the average tariff for Russia in Mineral fuels, mineral oils and products of their... was 4.36%. The countries with the highest import tariffs for Mineral fuels, mineral oils and products of their... were Angola (4.58%), Burundi (4.58%), Benin (4.58%), Burkina Faso (4.58%), and Botswana (4.58%).

Overview: In November 2020 Russia's Mineral fuels, mineral oils and products of their distillation exports accounted up to $10.7B and imports accounted up to $174M, resulting in a positive trade balance of $10.5B. Between November 2019 and November 2020 the exports of Russia's   Mineral fuels, mineral oils and products of their distillation have decreased by $-7.17B (-40.2%) from $17.8B to $10.7B, while imports increased by $34.3M (24.5%) from $140M to $174M.

Destinations: In November 2020 Mineral fuels, mineral oils and products of their distillation exported mostly to China ($2.18B), Netherlands ($1.57B), Germany ($700M), South Korea ($695M), and Japan ($496M), and imported mostly from Belarus ($35.7M), Kazakhstan ($31.9M), South Korea ($18.2M), Ukraine ($13.4M), and Finland ($13.2M).

Growth: In November 2020, the decrease in Mineral fuels, mineral oils and products of their distillation's year-by-year exports was explained primarily by a decrease in exports to China ($-1.43B or -39.7%), Netherlands ($-979M or -38.4%), and Italy ($-583M or -63.8%). In November 2020, the increase in Mineral fuels, mineral oils and products of their distillation's year-by-year imports was explained primarily by an increase in imports from Belarus ($28.7M or 410%), South Korea ($7.75M or 74.6%), and Ukraine ($5.78M or 75.8%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (November 2019 - November 2020): $-7.17B, (-40.2%)

IMPORT GROWTH (November 2019 - November 2020): $34.3M, (24.5%)

MAIN EXPORTER (November 2020): Moscow, The Capital Of Russian Federation, $5.17B

MAIN DESTINATION (November 2020): China, $2.18B

This section shows Mineral fuels, mineral oils and products of their distillation'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 Mineral fuels, mineral oils and products of their distillation over time.

Value

EXPORTS (2019): $241B

IMPORTS (2019): $3.55B

NET TRADE (2019): $237B

In 2019, Russia exported $241B in Mineral fuels, mineral oils and products of their distillation. The main destinations of Russia exports on Mineral fuels, mineral oils and products of their distillation were China ($40.1B), Netherlands ($34.9B), Italy ($13.9B), Germany ($13.6B), and South Korea ($13.2B).

In 2019, Russia imported $3.55B in Mineral fuels, mineral oils and products of their distillation, mainly from Uzbekistan ($890M), Kazakhstan ($682M), China ($326M), Finland ($203M), and Japan ($190M).

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IN 2019, Russia HAD A POSITIVE NET TRADE IN Mineral fuels, mineral oils and products of their distillation WITH:

IN 2019, Russia HAD A NEGATIVE NET TRADE IN Mineral fuels, mineral oils and products of their distillation WITH:

Flow

THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Russia WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Russia WERE (2018 - 2019):

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Market Concentration

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Type

In 2018, Russia's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:

In 2018, Russia's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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Tariffs by Country

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In 2018, the average tariff for Russia in Mineral fuels, mineral oils and products of their distillation was 4.36%.

The countries with the highest tariffs for Mineral fuels, mineral oils and products of their distillation in Russia were Angola (4.58%), Burundi (4.58%), Benin (4.58%), Burkina Faso (4.58%), and Botswana (4.58%).

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