Refined Petroleum in Russia

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

2019
Destination | Origin
: $12.4B | $201M, Netherlands | Finland

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

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

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 (4.93%), Burundi (4.93%), Benin (4.93%), Burkina Faso (4.93%), and Botswana (4.93%).

Overview: In November 2020 Russia's Refined Petroleum exports accounted up to $3.04B and imports accounted up to $115M, resulting in a positive trade balance of $2.93B. Between November 2019 and November 2020 the exports of Russia's   Refined Petroleum have decreased by $-2.4B (-44.1%) from $5.44B to $3.04B, while imports increased by $41.1M (55.7%) from $73.7M to $115M.

Destinations: In November 2020 Refined Petroleum exported mostly to Netherlands ($495M), United States ($309M), Germany ($147M), Malta ($138M), and Ukraine ($135M), and imported mostly from Belarus ($31.5M), South Korea ($17.7M), Finland ($13.1M), Germany ($11M), and Belgium ($8.03M).

Growth: In November 2020, the decrease in Refined Petroleum's year-by-year exports was explained primarily by a decrease in exports to Netherlands ($-732M or -59.7%), China ($-278M or -68.4%), and United States ($-262M or -45.9%). In November 2020, the increase in Refined Petroleum's year-by-year imports was explained primarily by an increase in imports from Belarus ($27M or 603%), South Korea ($8.06M or 83.5%), and Hong Kong ($5.57M or 441%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (November 2019 - November 2020): $-2.4B, (-44.1%)

IMPORT GROWTH (November 2019 - November 2020): $41.1M, (55.7%)

MAIN EXPORTER (November 2020): Moscow, The Capital Of Russian Federation, $1.67B

MAIN DESTINATION (November 2020): Netherlands, $495M

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.

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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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 (4.93%), Burundi (4.93%), Benin (4.93%), Burkina Faso (4.93%), and Botswana (4.93%).

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