Trade Trend

In 2023, Russia's total export value is 401.01Billion USD, total import value is 213.33Billion USD, Surplus is 187.69Billion USD, and foreign trade dependency is 0.304. In 2023，Russia's top export products are Petroleum oils and oils obtained from bituminous minerals; crude(116.91Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(46.22Billion USD), Petroleum gases and other gaseous hydrocarbons(38.46Billion USD), top export destinations are China(129.14Billion USD), India(60.58Billion USD), Turkey(45.76Billion USD). In 2023, Russia's top import products are Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(15.06Billion USD), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale(8.76Billion USD), Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(5.60Billion USD), top import origins are China(110.97Billion USD), Turkey(10.94Billion USD), Kazakhstan(9.74Billion USD).

Comparing to 2022, Russia's total export value decreased -135.15Billion USD(-25.21%) in 2023, this could result from its export decreases of products such as Petroleum gases and other gaseous hydrocarbons(-29.20Billion USD or -43.15%), Petroleum oils and oils obtained from bituminous minerals; crude(-25.91Billion USD or -18.14%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-25.10Billion USD or -35.19%) and export decreases to countries/economics such as Germany(-26.37Billion USD or -87.32%), Netherlands(-25.44Billion USD or -86.22%), Italy(-23.50Billion USD or -84.29%). Comparing to 2022, Russia's total import value increased 21.04Billion USD(10.94%) in 2023, this could result from its import increases of products such as Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(8.92Billion USD or 145.28%), Tractors; (other than tractors of heading no 8709)(3.11Billion USD or 384.93%), Radioactive chemical elements and radioactive isotopes (including the fissile or fertile chemical elements and isotopes); and their compounds; mixtures and residues containing these products(1.59Billion USD or 15.15Thousands%), and its import increases from countries/economies such as China(35.55Billion USD or 47.13%), Kazakhstan(9.20Billion USD or 1.72Thousands%), Turkey(1.37Billion USD or 14.33%).

Cumulated to first 7 months of 2024, Russia's total export value is 134.00Billion USD, total import value is 69.21Billion USD, and tradesurplus is 64.79Billion USD. Cumulated to first 7 months of 2024, Russia's top export products are Petroleum oils and oils obtained from bituminous minerals; crude(46.88Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(14.75Billion USD), Petroleum gases and other gaseous hydrocarbons(13.38Billion USD), and top export destinations are China(54.43Billion USD), India(21.59Billion USD), Turkey(11.98Billion USD). Cumulated to first 7 months of 2024, Russia's top import products are Petroleum oils and oils obtained from bituminous minerals; crude(46.88Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(14.75Billion USD), Petroleum gases and other gaseous hydrocarbons(13.38Billion USD), and top import origins areChina(41.83Billion USD), Germany(2.83Billion USD), South Korea(2.10Billion USD).