2023
Flag  
GDP
$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP GROWTH
-11.8%CURRENT US$
Rnk 183 / 195
2023
Flag
 GDP
$19.7BCURRENT US$
Rnk 123 / 195
2013-2023
Flag
GDP GROWTH
57.2%CURRENT US$
Rnk 59 / 195
2023
Flag
GDP PC 
$13,817CURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP PC GROWTH
-13.3%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC
$1,394CURRENT US$
Rnk 168 / 196
2013-2023
Flag
GDP PC GROWTH
19.3%CURRENT US$
Rnk 104 / 195

About

Russia-Benin Trade: In 2023, Russia exported $70.8M to Benin. The main products that Russia exported to Benin were Refined Petroleum ($54.3M), Coal Briquettes ($8.69M), and Poultry Meat ($6.9M). Over the past 5 years the exports of Russia to Benin have increased at an annualized rate of 21.7%, from $26.5M in 2018 to $70.8M in 2023.

In 2020, Russia exported services to Benin worth $906k, with Other business services ($856k), Financial services ($20k), and Transportation ($15k) being the largest in terms of value.

Benin-Russia Trade: In 2023, Benin exported $149k to Russia. The main products that Benin exported to Russia were Other Oily Seeds ($89.2k), Refined Petroleum ($48.4k), and Tropical Fruits ($7.1k). Over the past 5 years the exports of Benin to Russia have decreased at an annualized rate of 37%,  from $1.51M in 2018 to $149k in 2023.

In 2023, Benin did not export any services to Russia.

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Benin ranked 83 in the Economic Complexity Index (ECI -0.43), and 146 in total exports ($1.93B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $70.8M to Benin. The main products exported from Russia to Benin were Refined Petroleum ($54.3M), Coal Briquettes ($8.69M), and Poultry Meat ($6.9M). During the last 5 years the exports of Russia to Benin have increased at an annualized rate of 21.7%, from $26.5M in 2018 to $70.8M in 2023.

In 2018, Benin exported $149k to Russia. The main products exported from Benin to Russia were Other Oily Seeds ($89.2k), Refined Petroleum ($48.4k), and Tropical Fruits ($7.1k). During the last 5 years the exports of Benin to Russia have decreased at an annualized rate of 37%, from $1.51M in 2023 to $149k in 2018.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$129B
Benin
Top Destination
United Arab Emirates$803M

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

In 2023, countries that imported more from Russia than Benin included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Benin than Russia included Bangladesh ($391M), Togo ($53.9M), and Chad ($36.7M).

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

Comparative Advantage Russia - Benin

Flow
Scale

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

During 2023, Russia had a large net trade with Benin in the exports of Mineral Products ($63M), Animal Products ($7.19M), and Vegetable Products ($512k).

During 2018, Benin had a large net trade with Russia in the exports of Vegetable Products ($96.5k), Mineral Products ($48.4k), and Animal Products ($3.73k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Benin+$8.74MRefined Petroleum
Top Product Potential Benin Russia+$434kOther Oily Seeds

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with