2022
Exports
$705MWorld Rnk 43 / 223
Flag Rnk 32 / 96
2022
PRODUCT COMPLEXITY IN Pharmaceutical products
1.38Rnk 75 / 1025
2022
Imports
$13BWorld Rnk 13 / 226
Flag Rnk 4 / 96
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $705M in Pharmaceutical products, making it the 43rd largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 32nd most exported product in Russia. The main destination of Pharmaceutical products exports from Russia are: Uzbekistan ($179M), Kazakhstan ($164M), Kyrgyzstan ($42.9M), Vietnam ($40.2M), and Azerbaijan ($33.8M).

The fastest growing export markets for Pharmaceutical products of Russia between 2021 and 2022 were Uzbekistan ($36.8M), China ($10.4M), and Vietnam ($9.78M).

Imports In 2022, Russia imported $13B in Pharmaceutical products, becoming the 13th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 4th most imported product in Russia. Russia imports Pharmaceutical products primarily from: Germany ($3.25B), Switzerland ($2.01B), Belgium ($1.28B), Netherlands ($770M), and Slovenia ($659M).

The fastest growing import markets in Pharmaceutical products for Russia between 2021 and 2022 were Switzerland ($506M), Belgium ($355M), and Austria ($329M).

Latest Trends

May 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 Pharmaceutical products. 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 (2022)$705M
IMPORTS (2022)$13B
NET TRADE (2022)-$12.3B

In 2022, Russia exported $705M in Pharmaceutical products. The main destinations of Russia exports on Pharmaceutical products were Uzbekistan ($179M), Kazakhstan ($164M), Kyrgyzstan ($42.9M), Vietnam ($40.2M), and Azerbaijan ($33.8M).

In 2022, Russia imported $13B in Pharmaceutical products, mainly from Germany ($3.25B), Switzerland ($2.01B), Belgium ($1.28B), Netherlands ($770M), and Slovenia ($659M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Uzbekistan$36.8M (25.8%)
China$10.4M (335%)
Vietnam$9.78M (32.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Russia WERE (2021 - 2022):
Argentina-$209M (-100%)
Ukraine-$203M (-99.9%)
Mexico-$202M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Pharmaceutical products were:
In 2022, Russia's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $16.2M
TOP IMPORT POTENTIALGermany+ $660M

Pharmaceutical products’s highest export potential is China. With an export gap of $16.2M.   Pharmaceutical products’s highest import potential is Germany with an import gap of $660M.

See methodology.

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