2022
Exports
$313BWorld Rnk 2 / 216
Flag Rnk 1 / 96
2022
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.48Rnk 371 / 1025
2022
Imports
$2.24BWorld Rnk 97 / 225
Flag Rnk 20 / 96
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $313B in Mineral fuels, mineral oils and products of their distillation, making it the 2nd 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 ($74.1B), India ($34B), Italy ($21.3B), Germany ($19.9B), and Netherlands ($15.1B).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Russia between 2021 and 2022 were India ($31.6B), China ($26.2B), and Germany ($7.34B).

Imports In 2022, Russia imported $2.24B in Mineral fuels, mineral oils and products of their distillation, becoming the 97th 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 20th most imported product in Russia. Russia imports Mineral fuels, mineral oils and products of their distillation primarily from: Kazakhstan ($609M), Turkey ($290M), China ($266M), South Korea ($244M), and Germany ($131M).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Russia between 2021 and 2022 were Turkey ($173M), China ($129M), and South Korea ($88M).

COMPANIES In 2021, leading companies such as Chevron (8) were at the forefront of shipping Mineral fuels, mineral oils and products of their distillation from Russia to the United States.

Latest Trends

Sep 2024

Subnational Monthly Trade

View
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 Mineral fuels, mineral oils and products of their distillation. Countries are shown based on data availability.

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

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$313B
IMPORTS (2022)$2.24B
NET TRADE (2022)$311B

In 2022, Russia exported $313B 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 ($74.1B), India ($34B), Italy ($21.3B), Germany ($19.9B), and Netherlands ($15.1B).

In 2022, Russia imported $2.24B in Mineral fuels, mineral oils and products of their distillation, mainly from Kazakhstan ($609M), Turkey ($290M), China ($266M), South Korea ($244M), and Germany ($131M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Russia WERE (2021 - 2022):
India$31.6B (1.34k%)
China$26.2B (54.7%)
Germany$7.34B (58.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Russia WERE (2021 - 2022):
Netherlands-$17.7B (-53.9%)
United States-$11.8B (-69%)
Belarus-$7.02B (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Russia's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2022, Russia's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

Explore Visualizations

Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $29B
TOP IMPORT POTENTIALChina+ $200M

Mineral fuels, mineral oils and products of their distillation’s highest export potential is China. With an export gap of $29B.   Mineral fuels, mineral oils and products of their distillation’s highest import potential is China with an import gap of $200M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with