Russia / Italy

Overview In January 2022, Russia exported $2.22B and imported $761M from Italy, resulting in a positive trade balance of $1.46B. Between January 2021 and January 2022 the exports of Russia have increased by $1.11B (99.6%) from $1.11B to $2.22B, while imports increased by $148M (24.1%) from $613M to $761M.

Trade In January 2022, the top exports of Russia to Italy were Commodities not elsewhere specified ($445M), Crude Petroleum ($269M), Refined Petroleum ($154M), Platinum ($108M), and Coal Briquettes ($17.7M). In January 2022 the top imports of Russia from Italy were Other Heating Machinery ($55.3M), Packaged Medicaments ($47M), Vaccines, blood, antisera, toxins and cultures ($26M), Leather Footwear ($21M), and Valves ($18.2M).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($1.92B), KHANTY-MANSIYSK AUTONOMOUS AREA ($59.4M), VOLOGDA REGION ($44.8M), KEMEROVO REGION ($35.3M), and SVERDLOVSK REGION ($28.8M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($359M), MOSCOW REGION ($117M), ST. PETERSBURG ($46.4M), YAMAL-NENETS AUTONOMOUS AREA ($28M), and KRASNODAR TERRITORY ($20.5M).

Growth In January 2022, the increase in Russia's year-by-year exports to Italy was explained primarily by an increase in product exports in Commodities not elsewhere specified ($317M or 248%), Platinum ($88M or 443%), and Coal Briquettes ($10.3M or 139%). In January 2022, the increase in Russia's year-by-year imports  from Italy was explained primarily by an increase in product imports  in Other Heating Machinery ($49.3M or 818%), Packaged Medicaments ($24.6M or 110%), and Vaccines, blood, antisera, toxins and cultures ($10.5M or 68.1%).