HS Icon Refined Petroleum in  Flag Russia

2019
Exports | Imports
: $66.2B | $1.35B, World Rnk 2 / 214
Flag Rnk 2 / 1208 | World Rnk 83 / 225
Flag Rnk 24 / 1210

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $678M | $35.1M, United States |  Turkey

2019
ECONOMIC COMPLEXITY of Russia
: 0.54, Rnk 48 / 147

2019
PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.87, Rnk 800 / 1029

Exports: In 2019, Russia exported $66.2B in Refined Petroleum, making it the 2nd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most exported product in Russia. The main destination of Refined Petroleum exports from Russia are: Netherlands ($12.4B), United States ($4.85B), Turkey ($3.91B), China ($3.34B), and Germany ($3.07B).

The fastest growing export markets for Refined Petroleum of Russia between 2018 and 2019 were United States ($678M), Latvia ($406M), and Romania ($259M).

Imports: In 2019, Russia imported $1.35B in Refined Petroleum, becoming the 83rd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 24th most imported product in Russia. Russia imports Refined Petroleum primarily from: Finland ($201M), China ($170M), Germany ($140M), Belgium ($121M), and Turkey ($103M).

The fastest growing import markets in Refined Petroleum for Russia between 2018 and 2019 were Turkey ($35.1M), Hong Kong ($17.8M), and Netherlands ($6.01M).

Tariffs: In 2018, the average tariff for Russia in Refined Petroleum was 4.7%. The countries with the highest import tariffs for Refined Petroleum were Angola (Most Favoured Nation duty rate treatement, 4.93%), Burundi (Most Favoured Nation duty rate treatement, 4.93%), Benin (Most Favoured Nation duty rate treatement, 4.93%), Burkina Faso (Most Favoured Nation duty rate treatement, 4.93%), and Botswana (Most Favoured Nation duty rate treatement, 4.93%).

Latest Trends (December 2020)

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Overview: In December 2020 Russia's Refined Petroleum exports accounted up to $4.69B and imports accounted up to $121M, resulting in a positive trade balance of $4.57B. Between December 2019 and December 2020 the exports of Russia's   Refined Petroleum have decreased by $-1.46B (-23.8%) from $6.15B to $4.69B, while imports increased by $48.1M (65.9%) from $73.1M to $121M.

Destinations: In December 2020, Refined Petroleum were exported mostly to Netherlands ($716M), United States ($402M), Turkey ($278M), Malta ($266M), and South Korea ($189M), and were imported mostly from South Korea ($24.4M), Belarus ($21.7M), Hong Kong ($13.2M), Germany ($11.8M), and Finland ($10.8M).

Growth: In December 2020, the decrease in Refined Petroleum's year-by-year exports was explained primarily by a decrease in exports to Netherlands ($-196M or -21.5%), China ($-180M or -53.7%), and United Kingdom ($-170M or -83.2%). In December 2020, the increase in Refined Petroleum's year-by-year imports was explained primarily by an increase in imports from South Korea ($18.2M or 296%), Belarus ($13.7M or 171%), and Hong Kong ($7.59M or 134%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (December 2019 - December 2020): $-1.46B, (-23.8%)

IMPORT GROWTH (December 2019 - December 2020): $48.1M, (65.9%)

MAIN EXPORTER (December 2020): Moscow, The Capital Of Russian Federation, $2.64B

MAIN DESTINATION (December 2020): Netherlands, $716M

This section shows Refined 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 Refined Petroleum over time.

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Historical Data

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Value

EXPORTS (2019): $66.2B

IMPORTS (2019): $1.35B

NET TRADE (2019): $64.8B

In 2019, Russia exported $66.2B in Refined Petroleum. The main destinations of Russia exports on Refined Petroleum were Netherlands ($12.4B), United States ($4.85B), Turkey ($3.91B), China ($3.34B), and Germany ($3.07B).

In 2019, Russia imported $1.35B in Refined Petroleum, mainly from Finland ($201M), China ($170M), Germany ($140M), Belgium ($121M), and Turkey ($103M).

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

IN 2019, Russia HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

Flow

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

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined 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 Refined Petroleum were:

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

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Tariffs by Country

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In 2018, the average tariff for Russia in Refined Petroleum was 4.7%.

The countries with the highest tariffs for Refined Petroleum in Russia were Angola (Most Favoured Nation duty rate treatement, 4.93%), Burundi (Most Favoured Nation duty rate treatement, 4.93%), Benin (Most Favoured Nation duty rate treatement, 4.93%), Burkina Faso (Most Favoured Nation duty rate treatement, 4.93%), and Botswana (Most Favoured Nation duty rate treatement, 4.93%).