Russia2020 Economic Complexity : 0.5, Rank 43 of 127
2020 Product Exports | Imports: $330B | $220B, 13 of 226 | 21 of 226
2020 Per Capita Product Exports | Imports: $2.29k | $1.53k, 81 of 219 | 124 of 219
2018 Service Exports | Imports : $57.7B | $92.9B, 15 of 125 | 9 of 125
Overview In 2020 Russia was the number 11 economy in the world in terms of GDP (current US$), the number 13 in total exports, the number 21 in total imports, the number 70 economy in terms of GDP per capita (current US$) and the number 43 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Russia are Crude Petroleum ($74.4B), Refined Petroleum ($48B), Petroleum Gas ($19.7B), Gold ($18.7B), and Coal Briquettes ($14.5B), exporting mostly to China ($49.3B), United Kingdom ($25.3B), Netherlands ($22.5B), Belarus ($15.8B), and Germany ($14.2B).
In 2020, Russia was the world's biggest exporter of Wheat ($10.1B), Semi-Finished Iron ($4.5B), Non-fillet Frozen Fish ($2.58B), Raw Nickel ($2.26B), and Pig Iron ($1.34B)
Imports The top imports of Russia are Cars ($7.75B), Motor vehicles; parts and accessories (8701 to 8705) ($7.28B), Broadcasting Equipment ($7.15B), Packaged Medicaments ($7.06B), and Computers ($4.1B), importing mostly from China ($50.7B), Germany ($26.1B), Belarus ($12.8B), South Korea ($7.93B), and Italy ($7.71B).
In 2020, Russia was the world's biggest importer of Aluminium Oxide ($1.38B), Precipitated Copper ($525M), Refractory Cements ($164M), Wallpaper ($138M), and Hydraulic Turbines ($74.8M)
Location Russia borders Norway, Finland, Estonia, Latvia, Lithuania, Poland, Belarus, Ukraine, Georgia, Azerbaijan, Kazakhstan, China, Mongolia, and North Korea by land and United States and Japan by sea.
January, 2022
Overview In January 2022 Russia exported $45.8B and imported $23.3B, resulting in a positive trade balance of $22.5B. Between January 2021 and January 2022 the exports of Russia have increased by $18.7B (69.1%) from $27.1B to $45.8B, while imports increased by $6.51B (38.7%) from $16.8B to $23.3B.
Trade In January 2022, the top exports of Russia were Commodities not elsewhere specified ($10.3B), Crude Petroleum ($10.1B), Refined Petroleum ($6.14B), Coal Briquettes ($1.56B), and Petroleum Gas ($1.41B). In January 2022 the top imports of Russia were Telephones ($1.07B), Motor vehicles; parts and accessories (8701... ($883M), Computers ($675M), Passenger and Cargo Ships ($670M), and Commodities not elsewhere specified ($658M).
Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($21.7B), KHANTY-MANSIYSK AUTONOMOUS AREA ($1.76B), ST. PETERSBURG ($1.61B), SAKHALIN REGION ($1.41B), and KEMEROVO REGION ($1.31B), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($9.7B), MOSCOW REGION ($2.76B), ST. PETERSBURG ($2.08B), SVERDLOVSK REGION ($767M), and KALININGRAD REGION ($652M).
Destinations In January 2022, Russia exported mostly to China ($5.8B), Netherlands ($4.8B), Turkey ($4.26B), Germany ($3.54B), and Italy ($2.22B), and imported mostly from China ($7.2B), Germany ($1.58B), South Korea ($1.42B), United States ($1.31B), and Belarus ($885M).
Growth In January 2022, the increase in Russia's year-by-year exports was explained primarily by an increase in exports to Belarus ($324M or 29.9%), France ($139M or 27.8%), and Estonia ($127M or 92.8%), and product exports increase in Gold ($378M or 86.4%), Commodities not elsewhere specified ($357M or 10.3%), and Soybeans ($293M or 882%). In January 2022, the increase in Russia's year-by-year imports was explained primarily by an increase in imports from South Korea ($728M or 133%), Vietnam ($113M or 43.5%), and Italy ($72.7M or 13.5%), and product imports increase in Passenger and Cargo Ships ($618M or 3.55k%), Packaged Medicaments ($263M or 133%), and Cars ($167M or 62.9%).
EXPORT GROWTH (January 2021 - January 2022): $18.7B, (69.1%)
IMPORT GROWTH (January 2021 - January 2022): $6.51B, (38.7%)
MAIN EXPORTER (January 2022): MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION, $21.7B
MAIN DESTINATION (January 2022): China, $5.8B
This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Russia over time.
For full datasets download visit Bulk Download page.
Top Export (2020): Crude Petroleum, $74.4B
Top Destination (2020): China, $50.7B
In 2020, Russia exported a total of $330B, making it the number 13 exporter in the world. During the last five reported years the exports of Russia have changed by -$3.49B from $334B in 2015 to $330B in 2020.
The most recent exports are led by Crude Petroleum ($74.4B), Refined Petroleum ($48B), Petroleum Gas ($19.7B), Gold ($18.7B), and Coal Briquettes ($14.5B). The most common destination for the exports of Russia are China ($49.3B), United Kingdom ($25.3B), Netherlands ($22.5B), Belarus ($15.8B), and Germany ($14.2B).
Russia Exports Services (2018): $57.7B
Russia Imports Services (2018): $92.9B
In 2018, Russia exported $57.7B worth of services. The top services exported by Russia in 2018 were Miscellaneous business, professional, and technical services ($12.3B), Air transport ($12B), Personal travel ($6.88B), Sea transport ($5.11B), and Business travel ($4.61B).
The top services imported by Russia in 2018 were Personal travel ($32.7B), Miscellaneous business, professional, and technical services ($20.2B), Air transport ($8.88B), Royalties and license fees ($6.29B), and Operational leasing services ($4.58B).
This section shows exports, imports and economic complexity data at the subnational level for Russia. Click any of the Federal District in the geomap to visit the specific subnational profile.
The top territories of Russia according to its Economic Complexity Index are NIZHNY NOVGOROD REGION (0.24), TVER REGION (0.21), and ULYANOVSK REGION (0.2).
In 2020, the principal exporters of Russia were MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($128B), ST. PETERSBURG ($20.1B), and SAKHALIN REGION ($11.5B).
The same year, the principal importers of Russia were MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($97.2B), MOSCOW REGION ($24B), and ST. PETERSBURG ($20.4B).
Russia has a high level of specialization in Pig Iron (14.2), Nuclear Reactors (13), Linseed (11.9), Iron Reductions (11.9), and Raw Nickel (10.3). Specialization is measured using RCA, an index that takes the ratio between Russia observed and expected exports in each product.
The highest complexity exports of Russia according to the product complexity index (PCI) are Alloy steel flat-rolled products, of a width of less than 600mm (1.37), Wire of other alloy steel (1.13), Molybdenum; articles thereof, including waste and scrap (1.1), Newsprint, in rolls or sheets (1.09), and Thermionic, cold cathode or photo-cathode valves and tubes (e.g. vacuum, vapour, gas filled valves and tubes, mercury arc rectifying valves and tubes, cathode-ray and television camera tubes) (1.03). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Russia according to the relatedness index, are Iron Ore (0.24), Manganese Ore (0.23), Soybeans (0.2), Uranium and Thorium Ore (0.2), and Chromium Ore (0.2). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Russia is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.
During the last 20 years Russia's economy has become relatively less complex, moving from the 21st to the 43rd position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.11 goat