2022
Flag  
GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH
1.45%CURRENT US$
Rnk 164 / 186
2022
Flag
 GDP
$20.7BCURRENT US$
Rnk 114 / 186
2012-2022
Flag
GDP GROWTH
20.8%CURRENT US$
Rnk 121 / 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
$1,267CURRENT US$
Rnk 162 / 186
2012-2022
Flag
GDP PC GROWTH
-1.8%CURRENT US$
Rnk 147 / 186

About

Russia-Zimbabwe Trade: In 2022, Russia exported $23.4M to Zimbabwe. The main products that Russia exported to Zimbabwe were Nitrogenous Fertilizers ($16.1M), Planes, Helicopters, and/or Spacecraft ($5.88M), and Wheat ($1.11M). Over the past 5 years the exports of Russia to Zimbabwe have increased at an annualized rate of 15.4%, from $11.4M in 2017 to $23.4M in 2022.

In 2020, Russia exported services to Zimbabwe worth $197k, with Other business services ($130k), Financial services ($37k), and Transportation ($24k) being the largest in terms of value.

Zimbabwe-Russia Trade: In 2022, Zimbabwe exported $1.52M to Russia. The main products that Zimbabwe exported to Russia were Raw Tobacco ($1.49M), Perfume Plants ($10.8k), and Other Vegetable Oils ($7.2k). Over the past 5 years the exports of Zimbabwe to Russia have decreased at an annualized rate of 32.2%,  from $50M in 2017 to $1.52M in 2022.

In 2022, Zimbabwe did not export any services to Russia.

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Zimbabwe ranked 99 in the Economic Complexity Index (ECI -0.74), and 109 in total exports ($8.41B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $23.4M to Zimbabwe. The main products exported from Russia to Zimbabwe were Nitrogenous Fertilizers ($16.1M), Planes, Helicopters, and/or Spacecraft ($5.88M), and Wheat ($1.11M). During the last 5 years the exports of Russia to Zimbabwe have increased at an annualized rate of 15.4%, from $11.4M in 2017 to $23.4M in 2022.

In 2017, Zimbabwe exported $1.52M to Russia. The main products exported from Zimbabwe to Russia were Raw Tobacco ($1.49M), Perfume Plants ($10.8k), and Other Vegetable Oils ($7.2k). During the last 5 years the exports of Zimbabwe to Russia have decreased at an annualized rate of 32.2%, from $50M in 2022 to $1.52M in 2017.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$101B
Zimbabwe
Top Destination
United Arab Emirates$4.78B

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

In 2022, countries that imported more from Russia than Zimbabwe included China ($101B), India ($40.4B), and Germany ($27.7B).

In 2022, countries that imported more from Zimbabwe than Russia included South Africa ($1.47B), Mozambique ($191M), and Zambia ($102M).

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

Comparative Advantage Russia - Zimbabwe

Flow
Scale

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

During 2022, Russia had a large net trade with Zimbabwe in the exports of Chemical Products ($16.1M), Transportation ($5.97M), and Vegetable Products ($1.11M).

During 2017, Zimbabwe had a large net trade with Russia in the exports of Foodstuffs ($1.49M), Vegetable Products ($18k), and Arts and Antiques ($8.05k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Zimbabwe+$5.09kRefined Petroleum
Top Product Potential Zimbabwe Russia+$4.78kRaw Tobacco

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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Economic Complexity

Competitive Landscape

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

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

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