2022
Flag  
GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH
1.45%CURRENT US$
Rnk 164 / 186
2022
Flag
 GDP
$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH
17%CURRENT US$
Rnk 129 / 186
2022
Flag
GDP PC 
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH
-0.49%CURRENT US$
Rnk 145 / 186
2022
Flag
GDP PC
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH
4.36%CURRENT US$
Rnk 130 / 186

About

Russia-Canada Trade: In 2022, Russia exported $531M to Canada. The main products that Russia exported to Canada were Nitrogenous Fertilizers ($144M), Refined Petroleum ($42.4M), and Rubber Tires ($41.3M). Over the past 5 years the exports of Russia to Canada have decreased at an annualized rate of 7.59%, from $788M in 2017 to $531M in 2022.

In 2020, Russia exported services to Canada worth $128M, with Computer and information services ($44.5M), Other business services ($30.4M), and Transportation ($28.2M) being the largest in terms of value.

Canada-Russia Trade: In 2022, Canada exported $161M to Russia. The main products that Canada exported to Russia were Planes, Helicopters, and/or Spacecraft ($73.1M), Machinery Having Individual Functions ($13.3M), and Eggs ($8.43M). Over the past 5 years the exports of Canada to Russia have decreased at an annualized rate of 25.5%,  from $701M in 2017 to $161M in 2022.

In 2020, Canada exported services to Russia worth $146M, with Transportation ($52.9M), Travel ($52.9M), and Royalties and license fees ($25.4M) being the largest in terms of value.

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $531M to Canada. The main products exported from Russia to Canada were Nitrogenous Fertilizers ($144M), Refined Petroleum ($42.4M), and Rubber Tires ($41.3M). During the last 5 years the exports of Russia to Canada have decreased at an annualized rate of 7.59%, from $788M in 2017 to $531M in 2022.

In 2017, Canada exported $161M to Russia. The main products exported from Canada to Russia were Planes, Helicopters, and/or Spacecraft ($73.1M), Machinery Having Individual Functions ($13.3M), and Eggs ($8.43M). During the last 5 years the exports of Canada to Russia have decreased at an annualized rate of 25.5%, from $701M in 2022 to $161M in 2017.

Exports from Russia (Flag) to Canada (Flag) (2022)

Exports from Canada (Flag) to Russia (Flag) (2022)

Market Competitiveness

Color
Russia
Top Destination
China$101B
Canada
Top Destination
United States$438B

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

In 2022, countries that imported more from Russia than Canada included China ($101B), India ($40.4B), and Turkey ($25.3B).

In 2022, countries that imported more from Canada than Russia included United States ($438B), Mexico ($7.39B), and United Kingdom ($12.9B).

Difference in imports from Canada (Flag) and Russia (Flag) (2022)

Comparative Advantage Russia - Canada

Flow
Scale

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

During 2022, Russia had a large net trade with Canada in the exports of Chemical Products ($201M), Metals ($71.7M), and Mineral Products ($70.5M).

During 2017, Canada had a large net trade with Russia in the exports of Transportation ($77.8M), Machines ($36.9M), and Animal Products ($14.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Canada+$112MRefined Petroleum
Top Product Potential Canada Russia+$17.8MPlanes, Helicopters, and/or Spacecraft

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, Russia exported services to Canada worth $128M, with Computer and information services ($44.5M), Other business services ($30.4M), and Transportation ($28.2M) being the largest in terms of value.

In 2020, Canada exported services to Russia worth $146M, with Transportation ($52.9M), Travel ($52.9M), and Royalties and license fees ($25.4M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Russia (Flag) and Canada (Flag) (2022)

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