2022
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GDP
$25.5TCURRENT US$
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2012-2022
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GDP GROWTH
56.7%CURRENT US$
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2022
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 GDP
$2.24TCURRENT US$
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2012-2022
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GDP GROWTH
1.45%CURRENT US$
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2022
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GDP PC 
$76,399CURRENT US$
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2012-2022
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GDP PC GROWTH
47.5%CURRENT US$
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2022
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GDP PC
$15,345CURRENT US$
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2012-2022
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GDP PC GROWTH
-0.49%CURRENT US$
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About

United States-Russia Trade: In 2022, United States exported $1.63B to Russia. The main products that United States exported to Russia were Vaccines, blood, antisera, toxins and cultures ($195M), Medical Instruments ($90.9M), and Gas Turbines ($70.6M). Over the past 5 years the exports of United States to Russia have decreased at an annualized rate of 29%, from $9.02B in 2017 to $1.63B in 2022.

In 2017, United States exported services to Russia worth $4.84B, with Travel ($1.3B), Financial services ($1.2B), and Other business services ($823M) being the largest in terms of value.

Russia-United States Trade: In 2022, Russia exported $15B to United States. The main products that Russia exported to United States were Refined Petroleum ($4.73B), Platinum ($1.84B), and Nitrogenous Fertilizers ($945M). Over the past 5 years the exports of Russia to United States have increased at an annualized rate of 3.28%,  from $12.8B in 2017 to $15B in 2022.

In 2020, Russia exported services to United States worth $3.48B, with Computer and information services ($1.7B), Other business services ($868M), and Transportation ($505M) being the largest in terms of value.

Comparison: In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Company data: In 2023, leading companies such as Chevron (12) and Kubota (1) were at the forefront of exporting goods from Russia to the United States. Conversely, Karachaganak Petroleum (12) and Other (1) were notable for importing products to Russia from the United States.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $1.63B to Russia. The main products exported from United States to Russia were Vaccines, blood, antisera, toxins and cultures ($195M), Medical Instruments ($90.9M), and Gas Turbines ($70.6M). During the last 5 years the exports of United States to Russia have decreased at an annualized rate of 29%, from $9.02B in 2017 to $1.63B in 2022.

In 2017, Russia exported $15B to United States. The main products exported from Russia to United States were Refined Petroleum ($4.73B), Platinum ($1.84B), and Nitrogenous Fertilizers ($945M). During the last 5 years the exports of Russia to United States have increased at an annualized rate of 3.28%, from $12.8B in 2022 to $15B in 2017.

Exports from United States (Flag) to Russia (Flag) (2022)

Exports from Russia (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top Destination
Canada$308B
Russia
Top Destination
China$101B

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

In 2022, countries that imported more from United States than Russia included Canada ($308B), Mexico ($294B), and United Kingdom ($75.4B).

In 2022, countries that imported more from Russia than United States included Kazakhstan ($16.5B), Turkey ($25.3B), and Slovakia ($7.55B).

Difference in imports from Russia (Flag) and United States (Flag) (2022)

Comparative Advantage United States - Russia

Flow
Scale

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

During 2022, United States had a large net trade with Russia in the exports of Machines ($417M), Chemical Products ($381M), and Instruments ($256M).

During 2017, Russia had a large net trade with United States in the exports of Mineral Products ($5.32B), Chemical Products ($2.98B), and Metals ($2.58B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Russia+$170MVaccines, blood, antisera, toxins and cultures
Top Product Potential Russia United States+$1.98BRefined 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 2017, United States exported services to Russia worth $4.84B, with Travel ($1.3B), Financial services ($1.2B), and Other business services ($823M) being the largest in terms of value.

In 2020, Russia exported services to United States worth $3.48B, with Computer and information services ($1.7B), Other business services ($868M), and Transportation ($505M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States (Flag) to Russia (Flag) (2017)

Services Exports from Russia (Flag) to United States (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of United States (Flag) and Russia (Flag) (2022)

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