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2022
Exports $133BWorld Rnk 2 / 149
Flag Rnk 1 / 1200
2022
Destination $24.6B China
2021 - 2022
FASTEST GROWING MARKET $24.6BIndia
2022
PRODUCT COMPLEXITY IN Crude Petroleum-2.25Rnk 1011 / 1025
2022
Imports $20.1MWorld Rnk 82 / 158
Flag Rnk 653 / 1201
2022
Origin $316 Kazakhstan
2021 - 2022
FASTEST GROWING ORIGIN $316Finland
2022
ECONOMIC COMPLEXITY of Russia0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $133B in Crude Petroleum, making it the 2nd largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most exported product in Russia. The main destination of Crude Petroleum exports from Russia are: China ($51B), India ($25.5B), Germany ($11.5B), Netherlands ($9.25B), and Italy ($6.33B).

The fastest growing export markets for Crude Petroleum of Russia between 2021 and 2022 were India ($24.6B), China ($15.6B), and Italy ($2.49B).

Imports In 2022, Russia imported $20.1M in Crude Petroleum, becoming the 82nd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 653rd most imported product in Russia. Russia imports Crude Petroleum primarily from: Kazakhstan ($19.7M), Azerbaijan ($420k), Finland ($316), and Estonia ($21).

The fastest growing import markets in Crude Petroleum for Russia between 2021 and 2022 were Finland ($316).

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$133B
IMPORTS (2022)$20.1M
NET TRADE (2022)$133B

In 2022, Russia exported $133B in Crude Petroleum. The main destinations of Russia exports on Crude Petroleum were China ($51B), India ($25.5B), Germany ($11.5B), Netherlands ($9.25B), and Italy ($6.33B).

In 2022, Russia imported $20.1M in Crude Petroleum, mainly from Kazakhstan ($19.7M), Azerbaijan ($420k), Finland ($316), and Estonia ($21).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Russia WERE (2021 - 2022):
India$24.6B (2.63k%)
China$15.6B (44%)
Italy$2.49B (65.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Russia WERE (2021 - 2022):
Netherlands-$7.73B (-45.5%)
Belarus-$6.7B (-100%)
South Korea-$4.22B (-67.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Crude Petroleum were:
Saudi Arabia $236B
Canada $123B
In 2022, Russia's main importing competitors in Crude Petroleum were:
China $287B
United States $199B
India $170B

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $13.1B
TOP IMPORT POTENTIALKazakhstan+ $18.7M

Crude Petroleum’s highest export potential is China. With an export gap of $13.1B.   Crude Petroleum’s highest import potential is Kazakhstan with an import gap of $18.7M.

See methodology.

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