2023
Exports
$52.1BWorld Rnk 5 / 214
Flag Rnk 2 / 1200
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$822MWorld Rnk 116 / 226
Flag Rnk 50 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $52.1B in Refined Petroleum, making it the 5th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most exported product in Russia. The main destination of Refined Petroleum exports from Russia are: Turkey ($11.7B), China ($7.32B), Brazil ($5.82B), India ($4.93B), and Singapore ($3.26B).

The fastest growing export markets for Refined Petroleum of Russia between 2022 and 2023 were Brazil ($4.65B), Turkey ($4.55B), and China ($4.1B).

Imports In 2023, Russia imported $822M in Refined Petroleum, becoming the 116th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 50th most imported product in Russia. Russia imports Refined Petroleum primarily from: Turkey ($226M), United Arab Emirates ($178M), China ($89.3M), Japan ($85.7M), and Kazakhstan ($76.5M).

The fastest growing import markets in Refined Petroleum for Russia between 2022 and 2023 were United Arab Emirates ($167M), Japan ($18.3M), and India ($7.9M).

COMPANIES In 2021, leading companies such as Chevron (8) were at the forefront of shipping Refined Petroleum from Russia to the United States.

Latest Trends

Dec 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 Refined 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 (2023)$52.1B
IMPORTS (2023)$822M
NET TRADE (2023)$51.3B

In 2023, Russia exported $52.1B in Refined Petroleum. The main destinations of Russia exports on Refined Petroleum were Turkey ($11.7B), China ($7.32B), Brazil ($5.82B), India ($4.93B), and Singapore ($3.26B).

In 2023, Russia imported $822M in Refined Petroleum, mainly from Turkey ($226M), United Arab Emirates ($178M), China ($89.3M), Japan ($85.7M), and Kazakhstan ($76.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Russia WERE (2022 - 2023):
Brazil$4.65B (399%)
Turkey$4.55B (63.1%)
China$4.1B (127%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Russia WERE (2022 - 2023):
France-$6.4B (-99.1%)
Germany-$5.06B (-88%)
United States-$4.73B (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Refined Petroleum were:
In 2023, Russia's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $3.13B
TOP IMPORT POTENTIALChina+ $165M

Refined Petroleum’s highest export potential is China. With an export gap of $3.13B.   Refined Petroleum’s highest import potential is China with an import gap of $165M.

See methodology.

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