Overview: In August 2020 Russia exported $23.1B and imported $19B, resulting in a positive trade balance of $4.03B. Between August 2019 and August 2020 the exports of Russia have decreased by $-11.6B (-33.4%) from $34.6B to $23.1B, while imports decreased by $-2.12B (-10%) from $21.1B to $19B.
Trade: In August 2020 the top exports of Russia were Crude Petroleum ($4.62B), Refined Petroleum ($2.34B), Commodities not elsewhere specified ($2.28B), Gold ($1.3B), and Wheat ($967M). In August 2020 the top imports of Russia were Telephones ($887M), Commodities not elsewhere specified ($655M), Vehicle Parts ($565M), Computers ($558M), and Packaged Medicaments ($453M).
Origins: In August 2020 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($9B), ST. PETERSBURG ($1.09B), SAKHALIN REGION ($887M), KEMEROVO REGION ($853M), and KHANTY-MANSIYSK AUTONOMOUS AREA ($784M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($8.35B), MOSCOW REGION ($2.11B), ST. PETERSBURG ($1.91B), KALININGRAD REGION ($608M), and KALUGA REGION ($469M).
Destinations: In August 2020 Russia exported mostly to China ($3.31B), United Kingdom ($1.74B), Netherlands ($1.44B), Belarus ($1.27B), and Germany ($1.26B), and imported mostly from China ($4.86B), Germany ($1.79B), Belarus ($1.09B), United States ($951M), and Italy ($904M).
Growth: In August 2020, the decrease in Russia's year-by-year exports was explained primarily by a decrease in exports to Turkey ($-1.64B or -57.6%), Netherlands ($-1.38B or -48.9%), and China ($-1.34B or -28.8%), and product exports decrease in Crude Petroleum ($-6.11B or -57%), Refined Petroleum ($-2.72B or -53.8%), and Commodities not elsewhere specified ($-1.55B or -40.5%). In August 2020, the decrease in Russia's year-by-year imports was explained primarily by a decrease in imports from Germany ($-522M or -22.5%), Japan ($-380M or -46.2%), and South Korea ($-188M or -26.8%), and product imports decrease in Packaged Medicaments ($-348M or -43.5%), Cars ($-254M or -39.1%), and Vehicle Parts ($-168M or -22.9%).