2023
Flag  
GDP
$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP GROWTH
18.8%CURRENT US$
Rnk 144 / 195
2023
Flag
 GDP
$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP GROWTH
-11.8%CURRENT US$
Rnk 183 / 195
2023
Flag
GDP PC 
$54,343CURRENT US$
Rnk 21 / 195
2013-2023
Flag
GDP PC GROWTH
15.1%CURRENT US$
Rnk 118 / 195
2023
Flag
GDP PC
$13,817CURRENT US$
Rnk 74 / 196
2013-2023
Flag
GDP PC GROWTH
-13.3%CURRENT US$
Rnk 170 / 195

About

Germany-Russia Trade: In 2023, Germany exported $9.84B to Russia. The main products that Germany exported to Russia were Packaged Medicaments ($1.92B), Medical Instruments ($555M), and Vaccines, blood, antisera, toxins and cultures ($426M). Over the past 5 years the exports of Germany to Russia have decreased at an annualized rate of 19.1%, from $28.5B in 2018 to $9.84B in 2023.

In 2020, Germany exported services to Russia worth $1.71B, with Other business services ($489M), Royalties and license fees ($448M), and Computer and information services ($368M) being the largest in terms of value.

Russia-Germany Trade: In 2023, Russia exported $3.93B to Germany. The main products that Russia exported to Germany were Refined Petroleum ($689M), Titanium ($425M), and Raw Aluminium ($345M). Over the past 5 years the exports of Russia to Germany have decreased at an annualized rate of 32.3%,  from $27.5B in 2018 to $3.93B in 2023.

In 2020, Russia exported services to Germany worth $2.68B, with Transportation ($1.03B), Other business services ($955M), and Computer and information services ($344M) being the largest in terms of value.

Comparison: In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T). That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Germany exported $9.84B to Russia. The main products exported from Germany to Russia were Packaged Medicaments ($1.92B), Medical Instruments ($555M), and Vaccines, blood, antisera, toxins and cultures ($426M). During the last 5 years the exports of Germany to Russia have decreased at an annualized rate of 19.1%, from $28.5B in 2018 to $9.84B in 2023.

In 2018, Russia exported $3.93B to Germany. The main products exported from Russia to Germany were Refined Petroleum ($689M), Titanium ($425M), and Raw Aluminium ($345M). During the last 5 years the exports of Russia to Germany have decreased at an annualized rate of 32.3%, from $27.5B in 2023 to $3.93B in 2018.

Exports from Germany (Flag) to Russia (Flag) (2023)

Exports from Russia (Flag) to Germany (Flag) (2023)

Market Competitiveness

Color
Germany
Top Destination
United States$157B
Russia
Top Destination
China$129B

This map shows whether countries import more from Germany or Russia. Each country is colored based on the difference in imports they receive from Germany and Russia or the difference in the growth in imports.

In 2023, countries that imported more from Germany than Russia included United States ($157B), France ($118B), and Netherlands ($108B).

In 2023, countries that imported more from Russia than Germany included India ($66.1B), China ($129B), and Kazakhstan ($16.1B).

Difference in imports from Russia (Flag) and Germany (Flag) (2023)

Comparative Advantage Germany - Russia

Flow
Scale

This chart compares trade between Germany and Russia by product, considering products traded by both, Germany and Russia.

During 2023, Germany had a large net trade with Russia in the exports of Chemical Products ($3.55B), Machines ($1.74B), and Foodstuffs ($1.05B).

During 2018, Russia had a large net trade with Germany in the exports of Metals ($1.4B), Mineral Products ($1.18B), and Chemical Products ($456M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Russia+$529MCars
Top Product Potential Russia Germany+$1.64BRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Germany exported services to Russia worth $1.71B, with Other business services ($489M), Royalties and license fees ($448M), and Computer and information services ($368M) being the largest in terms of value.

In 2020, Russia exported services to Germany worth $2.68B, with Transportation ($1.03B), Other business services ($955M), and Computer and information services ($344M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Germany (Flag) to Russia (Flag) (2020)

Services Exports from Russia (Flag) to Germany (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Germany and Russia. This means that a dot/product with the flag of Germany indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over Germany.

Product Space of Germany (Flag) and Russia (Flag) (2023)

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