Russia's trade surplus widened to USD 21.17 billion in January of 2022, before the invasion of its neighbor Ukraine and West sanctions, from USD 9.03 billion in the corresponding month of the previous year. According to the Bank of Russia's preliminary estimate, the current account surplus of the balance of payments of the Russian Federation in January August 2022 continued to strengthen and amounted to $183.1 billion, which is 3 times higher compared to the corresponding period of 2021. Russia's trade surplus widened to USD 21.17 billion in January of 2022, before the invasion of its neighbor Ukraine and West sanctions, from USD 9.03 billion in the corresponding month of the previous year. Trade, Complexity, and Rankings Updated to 2020, EXPORT GROWTH (January 2021 - January 2022), IMPORT GROWTH (January 2021 - January 2022), Motor vehicles; parts and accessories (8701 to 8705). That same year, Germany ranked 4 in the Economic Complexity Index (ECI 1.88), and 3 in total exports ($1.33T). Comparison In 2020, Russia ranked 43 in the Economic Complexity Index (ECI 0.5), and 13 in total exports ($330B). During 2020, Germany had a large net trade with Russia in the exports of Machines ($9.59B), Chemical Products ($4.38B), and Transportation ($3.58B). In 2018, Germany exported services to Russia worth $2.14B, with Computer and information services ($581M), Other business services ($549M), and Transportation ($488M) being the largest in terms of value. Similarly, the more yellow a dot/product is, the more China has comparative advantage over Russia. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Forecast trade balance as GDP share in Russia 2017-2023. Exports surged 72 percent from a year earlier to USD 45.93 billion, boosted by sales to non-CIS (76.9 percent) and CIS countries (41.3 percent). Data are in current U.S. dollars. Comparison In 2020, Russia ranked 43 in the Economic Complexity Index (ECI 0.5), and 13 in total exports ($330B). The figures were projected to increase in 2021, down . Between January 2021 and January 2022 the exports of Russia have increased by $1.39B (31.6%) from $4.41B to $5.8B, while imports increased by $2.83B (64.6%) from $4.38B to $7.2B. EU exports to Russia were highest in 2012 ( 118 billion) and lowest in 2016 ( 69 billion). China-Russia In 2020, China exported $50.7B to Russia. As the following chart shows, Russia . This section shows exports and imports data at subnational level for Russia. This chart compares trade between Russia and Germany by product, considering products traded by both, Russia and Germany. Russia's trade surplus widened to USD 21.17 billion in January of 2022, before the invasion of its neighbor Ukraine and West sanctions, from USD 9.03 billion in the corresponding month of the previous year. Russia trade balance for 2018 was $165.83B, a 98.56% increase from 2017. In 2018, Russia exported services to China worth from $6.51B in 1995 to $26.1B in 2020. Both exports to and imports from Russia decreased between 2011 and 2021. 2020 Exports: $49.3B, Rnk 1 / 187, 2020 Top Product: $23.8B, Crude Petroleum, 2020 Exports: $50.7B, Rnk 16 / 209, 2020 Top Product: $4.63B, Broadcasting Equipment, 2020 Economic Complexity (ECI): ECI 0.5, Rnk 43 / 127, 2020 Economic Complexity (ECI): ECI 0.96, Rnk 28 / 127, 2020 GDP: $1.48T, CURRENT US$Rnk 11 / 195, 2010-2020 GDP GROWTH: -2.72%, CURRENT US$Rnk 164 / 195, 2020 GDP: $14.7T, CURRENT US$Rnk 2 / 195, 2010-2020 GDP GROWTH: 142%, CURRENT US$Rnk 5 / 195, 2020 GDP PC: $10,127, CURRENT US$Rnk 70 / 195, 2010-2020GDP PC GROWTH: -5.14%, CURRENT US$Rnk 154 / 195, 2020GDP PC: $10,435, CURRENT US$Rnk 68 / 195, 2010-2020GDP PC GROWTH: 129%, CURRENT US$Rnk 5 / 195. For full year 2021, the country trade surplus widened to USD 190 billion from USD 94 billion in the previous year. xrays): -$2.4 billion (Up 7.5%), Taps, valves, similar appliances: -$2.1 billion (Up 10.6%), Netherlands: US$37.9 billion (Up 79.7% since 2020), United Kingdom: $17.8 billion (Down -10.1%), Italy: $7.3 billion (Reversing a -$136.1 million deficit), United Arab Emirates: $4.8 billion (Up 87.4%), China: -US$4.6 billion (Down -19.4% since 2020). During the last 25 years the exports of Russia to China have increased at an annualized rate of 11.6%, from $3.19B in 1995 to $49.3B in 2020. In January 2022, the increase in Russia's year-by-year imports from China was explained primarily by an increase in product imports in Motor vehicles; parts and accessories (8701 ($27.7M or 30.6%), Air Pumps ($23.2M or 80.1%), and Refrigerators ($18.7M or 149%). In 2018, Germany exported from $3.19B in 1995 to $49.3B in 2020. Exports surged 62.4 percent to USD 48.96 billion, the highest since December 2013, boosted by sales to non-CIS (64.8 percent) and CIS countries (49.2 percent). Meanwhile, imports rose at a slower 40.1 . Russia has been running regular trade surpluses since 1998 primarily due to high exports of commodities like . To check Germany and Russia trade dynamics, check the bilateral page. In 2020, China exported $50.7B to Russia. In 2020, the EU was Russia's first trade partner, accounting for 37.3% of the country's total trade in goods with the world. Advanced users can use our Python/R/Matlab packages. Merchandise exports jumped 72.0% in annual terms in January (December: +60.0% year-on-year). Several global brands and major companies from sectors ranging from technology to automotive and energy suspended their operations in Russia in response to the "special military operation" in its neighbor on February 24th. This visualization show the product space at the HS4 level colored from blue to yellow. from $1.66B in 1995 to $50.7B in 2020. Russia's trade balance surplus totaled . In 2018, Russia exported services to China worth $3.1B, with Transportation ($1.33B), Travel ($801M), and Construction services ($433M) being the largest in terms of value. In 2019, countries that imported more from Russia than Germany were Belarus ($15.8B), Kazakhstan ($13.8B), and Uzbekistan ($4.29B). The share of trade balance of goods in Russian GDP reached over six percent in 2020. The estimates for the 2 nd quarter and July 2022 have . Central Bank of Russia. The Trading Economics Application Programming Interface (API) provides direct access to our data. In 2020, Germany exported $26.1B to Russia. During 2020, China had a large net trade with Russia in the exports of Machines ($22.9B), Textiles ($5.35B), and Metals ($3.77B). Russia's trade surplus widened to a record USD 26.72 billion in December of 2021 from USD 10.82 billion in the corresponding month of the previous year. EXPORT GROWTH (January 2021 - January 2022): $1.39B, (31.6%), IMPORT GROWTH (January 2021 - January 2022): $2.83B, (64.6%), MAIN EXPORTER (January 2022): MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION, $2.66B. Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($2.46B), KHANTY-MANSIYSK AUTONOMOUS AREA ($310M), KRASNOYARSK TERRITORY ($264M), ST. PETERSBURG ($155M), and VOLOGDA REGION ($35.1M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($707M), MOSCOW REGION ($169M), ST. PETERSBURG ($119M), KALUGA REGION ($95.1M), and REPUBLIC OF TATARSTAN ($85.6M). Exports surged 60 percent to USD 57.38 billion, a new high for the series, boosted by sales to non-CIS (62.2 percent) and CIS countries (46.7 percent). {{newsPoint.date * 1000 | date : 'HH:mm'}} {{newsPoint.mark}}, It is reported that exports of Russian goods stood at $343.8 bln in January-September 2021, whereas imports equaled $213.5 bln, The event takes place in Sharm el-Sheikh from 6 to 18 November, Vitaly Klitschko admitted that the capitals authorities were not in full control of volunteer battalions of territorial defense, who had been provided with weapons, The Russian Defense Ministry reassured that Russian troops are not targeting Ukrainian cities, but are limited to surgically striking and incapacitating Ukrainian military infrastructure, However, the competent authorities may authorize an aircraft to land in, take off from, or overfly for humanitarian purposes or for any other purpose consistent with the objectives of this regulation, External conditions for the Russian economy have drastically changed, the regulator noted, The phone conversation was held at Israels initiative, Maria Zakharova recalled that Italy and many other countries possess the US nuclear weapons but do not have access to them, The attacks destroyed a home in the town of Pervomaisk, the mission added, Russian President stressed that the Ukrainian nationalists were playing the role of the armys blocking detachments, Russian President stressed that the Western countries were also taking unfriendly actions against Russia in the economic sphere, Top stories from the Russian press on Monday, February 28th, Top stories from the Russian press on Friday, February 25th, 82 Ukrainian servicemen laid down their weapons and voluntarily surrendered to the Russian Armed Forces, Dmitry Peskov stressed that Russia "has every possibility and potential to do that", Russian Defense Ministry Spokesman Igor Konashenkov added that the boats could have been directed by US drones, The United Kingdom, Germany, Italy, Canada, the United States, France and the European Commission agreed to impose new "tough financial sanctions" on Russia, Russian delegation is ready to start talks with Ukraine in Gomel, Kremlin Spokesman Dmitry Peskov says, This is a response from the UN secretary general, Maria Zakharova said, The reason is the Ukrainian delegations logistics, the source said, "During this entire period, the population of DPR and LPR was subjected to abuse, perennial shelling on the part of the Kiev regime that openly adopted a course towards Russophobia and genocide," the Russian top diplomat noted, On Friday, the Committee of Ministers of the Council of Europe decided to suspend Russia from its rights of representation in the Committee of Ministers and in the PACE, Turkish Foreign Minister Mevlut Cavusoglu stressed that Turkey has been unhesitatingly complying with the Montreux Convention to this day, According to Russian delegation head Vladimir Medinsky, the Ukrainian delegation was late due to complicated logistics, Vasily Nebenzya stressed that Western countries participating in Sundays UN Security Council meeting had "failed to offer a word of compassion to Donbass residents", Russian Foreign Minister briefs Turkish top diplomat on Russias operation in Donbass, Russian Defense Ministry spokesman Major General Igor Konashenkov underscored that "since the beginning of the operation, Russian Armed Forces hit 1,114 objects of Ukrainian military infrastructure, According to Vladimir Medinsky, aide to the Russian President, Russias delegation had left for the Gomel region to hold talks with the Ukrainian side, Russian Armed Forces destroyed over 800 Ukrainian military infrastructure objects, The workers of the power plant continue servicing facilities, "Russia will pay a serious price for this short term and long term, particularly long term," the US leader stressed, "The key issue of the talks is an immediate ceasefire and withdrawal of troops from Ukraine," the statement reads, Maria Zakharova said in an interview with the Vecher (Evening) with Vladimir Solovyov program on the Rossiya-1, The Russian special operation was very timely, Deputy Head of the DPR Peoples Militia Eduard Basurin noted, According to a report by BelTA, Lukashenko dismissed such speculations as "fakes", He stressed that Belarusian high-tech enterprises might help Russia obtain substitutes for Western and Asian microchips, These countries created damage "on several continents," Maria Zakharova stressed, The civilian population is not at risk, the Defense Ministry said, The Belarusian leader pointed out that NATO was quickly building up forces on the border with Belarus in Poland and in the Baltic countries, He noted that Russia is being threatened with arrests of assets of Russian citizens and companies abroad - "just like that, without any sanctions," "in a carpet fashion," "out of spite", The Japanese authorities have been refraining from the term "occupation" in the recent years, instead preferring to say that "these islands are covered by the Japanese sovereignty", According to the source, following the loss of the Gostomel airstrip, the Ukrainian military relocated three Buk-M1 launchers in order to reinforce the defense of the Zhulyany airport, French President Emmanuel Macron is determined to take "measures to freeze financial assets" of Russian public figures on the national level, According to his press secretary Sergey Nikoforov, consultations are underway about the place and time of the negotiations, The Chinese diplomat noted that Beijings position on this issue differs from the views of the American leadership, "He fled to Lvov with his entourage, where he and his assistance were provided with accommodation," the speaker said, Present-day Ukraine was wholly created by Communist Russia, Putin said, Russia will not suspend the military operation in Ukraine during the talks with the Ukrainian side, Kremlin Spokesman Dmitry Peskov said, Konashenkov also said that several Russian soldiers have been taken prisoner, Serbia has always supported Ukraines integrity, Serbian President said, It was plotted by order of the Islamic State terrorist organization. The main products that Russia exported to China are Crude Petroleum ($23.8B), Sawn Wood ($2.25B), and Refined Petroleum ($2.18B). China Top Destination: United States, $438B. Meanwhile, imports rose at a slower 40.1 . Overview In January 2022, Russia exported $3.54B and imported $1.58B from Germany, resulting in a positive trade balance of $1.96B. Russia trade balance for 2019 was $129.32B, a 22.01% decline from 2018. The current account surplus reached US$41.8bn in 4Q, driving the full-year figure to US$120.3bn in 2021, a historical high for Russia in nominal terms and . Germany Top Destination: United States, $116B. Dec 2021. To check China and Russia trade dynamics, check the bilateral page. Meanwhile, imports rose at a slower 40.1 percent to a 6-month low of USD 24.75 billion, on the back of purchases from non-CIS (40.6 percent) and CIS countries (36.3 percent). During the last 25 years the exports of Russia to Germany have increased at an annualized rate of 3.48%, from $6.03B in 1995 to $14.2B in 2020. Exports of Russian goods stood at $343.8 bln in January-September 2021, whereas imports equaled $213.5 bln. In 2011, the EU had a trade deficit with Russia of 89 billion. Motor vehicles; parts and accessories (8701 MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION. Each country is colored based on the difference in imports they receive from Russia and China or the difference in the growth in imports. bulldozers, excavators): -$2.6 billion (Up 96.5%), Electro-medical equipment (e.g. The main products that Russia exported to Germany are Crude Petroleum ($6.38B), Refined Petroleum ($2.22B), and Coal Briquettes ($864M). During the last 25 years the exports of Russia to Germany have increased at an annualized rate of 3.48%, 2020 Exports: $14.2B, Rnk 5 / 187, 2020 Top Product: $6.38B, Crude Petroleum, 2020 Exports: $26.1B, Rnk 14 / 220, 2020 Top Product: $1.49B, Packaged Medicaments, 2020 Economic Complexity (ECI): ECI 0.5, Rnk 43 / 127, 2020 Economic Complexity (ECI): ECI 1.88, Rnk 4 / 127, 2020 GDP: $1.48T, CURRENT US$Rnk 11 / 195, 2010-2020 GDP GROWTH: -2.72%, CURRENT US$Rnk 164 / 195, 2020 GDP: $3.85T, CURRENT US$Rnk 4 / 195, 2010-2020 GDP GROWTH: 13.3%, CURRENT US$Rnk 133 / 195, 2020 GDP PC: $10,127, CURRENT US$Rnk 70 / 195, 2010-2020GDP PC GROWTH: -5.14%, CURRENT US$Rnk 154 / 195, 2020GDP PC: $46,208, CURRENT US$Rnk 19 / 195, 2010-2020GDP PC GROWTH: 11.3%, CURRENT US$Rnk 107 / 195. This visualization show the product space at the HS4 level colored from blue to yellow. Top Destination (2020) China $50.7B. Between January 2021 and January 2022 the exports of Russia have increased by $1.71B (93.2%) from $1.83B to $3.54B, while imports increased by $319M (25.2%) from $1.27B to $1.58B. Service trade data is presented based on availability. Trading Economics welcomes candidates from around the world. In 2020, China did not export any services to Russia. Growth In January 2022, the increase in Russia's year-by-year exports to China was explained primarily by an increase in product exports in Soybeans ($295M or 1.57k%), Raw Aluminium ($91.5M or 3.48k%), and Commodities not elsewhere specified ($88.9M or 392%). Trade In January 2022, the top exports of Russia to China were Crude Petroleum ($3.54B), Refined Petroleum ($549M), Coal Briquettes ($380M), Petroleum Gas ($276M), and Sawn Wood ($160M). In March, Russia hit back at western sanctions by imposing an export ban on more than 200 products including telecoms, medical, vehicle, agricultural, and electrical equipment, until the end of 2022. White label accounts can distribute our data. Russia-China In 2020, Russia exported $49.3B to China. In 2020, Russia exported $49.3B to China. FocusEconomics panelists forecast that exports will plunge 30.7% in 2020 and imports will dive 22.2%, bringing the trade surplus to USD 92.0 billion. "Trade balance surplus totaled $251 bln, with imports equaling $180 bln, while exports amounting to $431 bln," he said. In 2019, countries that imported more from Russia than China were Belarus ($15.8B), Kazakhstan ($13.8B), and Finland ($6.81B). Overview In January 2022 Russia exported $3.54B and imported $1.58B from Germany, resulting in a positive trade balance of $1.96B. $2.14B, with Computer and information services ($581M), Other business services ($549M), and Transportation ($488M) being the largest in terms of value. The main products exported from Russia to Germany were Crude Petroleum ($6.38B), Refined Petroleum ($2.22B), and Coal Briquettes ($864M). The biggest trade surpluses were recorded with: Netherlands, Turkey, Italy and Japan. TASS, Russian news agency (The Mass Media Registration Certificate No. Russia Trade Balance. 1996-2022. $3.17B, with Other business services ($1.03B), Travel ($987M), and Transportation ($563M) being the largest in terms of value. This section shows exports and imports data at subnational level for Russia. This chart compares trade between Russia and China by product, considering products traded by both, Russia and China. Trade In January 2022, the top exports of Russia to Germany were Commodities not elsewhere specified ($1.58B), Crude Petroleum ($1.21B), Refined Copper ($255M), Refined Petroleum ($64.3M), and Platinum ($38.9M). Service trade data is presented based on availability. /TASS/. In 2021, the total trade in goods between the EU and Russia amounted to 257.5 billion. Growth In January 2022, the increase in Russia's year-by-year exports to Germany was explained primarily by an increase in product exports in Commodities not elsewhere specified ($86.3M or 13.4%), Plywood ($4.3M or 63.5%), and Soybean Meal ($4.19M or 9.02k%). Russian current account strong thanks to robust fuel and non-fuel exports. That same year, China ranked 28 in the Economic Complexity Index (ECI 0.96), and 1 in total exports ($2.65T). Bank of Russia reported preliminary estimates of balance of payments for 4Q21 and full-year 2021, shedding some light on the key drivers of ruble performance so far.. In January 2022, the increase in Russia's year-by-year imports from Germany was explained primarily by an increase in product imports in Packaged Medicaments ($49.4M or 170%), Cars ($33.8M or 92.8%), and Machinery Having Individual Functions ($11.7M or 89.8%). Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time. services to Russia worth services to Germany worth During 2020, Russia had a large net trade with Germany in the exports of Mineral Products ($9.72B), Metals ($1.44B), and Precious Metals ($879M). During 2020, Russia had a large net trade with China in the exports of Mineral Products ($32.3B), Metals ($3.81B), and Wood Products ($3.08B). The trade deficit remained throughout the whole period, reaching 69 billion in 2021. This page includes a chart with historical data for Russia Exports of Natural Gas. Trade, Complexity, and Rankings Updated to 2020, EXPORT GROWTH (January 2021 - January 2022), IMPORT GROWTH (January 2021 - January 2022). This map shows whether countries import more from Russia or China. API users can feed a custom application. EXPORT GROWTH (January 2021 - January 2022): $1.71B, (93.2%), IMPORT GROWTH (January 2021 - January 2022): $319M, (25.2%), MAIN EXPORTER (January 2022): MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION, $2.46B. In 2018, Russia exported services to Germany worth $3.17B, with Other business services ($1.03B), Travel ($987M), and Transportation ($563M) being the largest in terms of value. Overview In January 2022, Russia exported $5.8B and imported $7.2B from China, resulting in a negative trade balance of $1.4B. Meanwhile, imports rose at a softer 22.6 percent to USD 27.90 billion, driven by purchases from non-CIS (21.3 percent) and CIS countries (34.4 percent). While remaining high in historical standards, the surplus was a sharp decrease from the upwardly revised record-high from the previous quarter, as Moscow's halt of natural gas supplies and the EU . We have a plan for your needs. The statistic shows the trade balance of goods (exports minus imports of goods) in Russia from 2011 to 2021. /TASS/. from $6.03B in 1995 to $14.2B in 2020. Russia trade balance for 2020 was $75.91B, a 41.3% decline from 2019. Russia's trade balance surplus totaled $251 bln in January-September 2022, First Deputy Head of the Federal Customs Service Ruslan Davydov told a press conference on Monday. Meanwhile, imports rose at a slower 40.1 . Standard users can export data in a easy to use web interface or using an excel add-in. Meanwhile, the countrys trade balance surplus amounted to $130.3 bln in the same period in 2021, which brings the increase in the reporting period to 93%. 9,680.12 USD Million. In January 2022 the top imports of Russia from Germany were Packaged Medicaments ($96.1M), Motor vehicles; parts and accessories (8701 ($89.9M), Cars ($64.4M), Other Heating Machinery ($59.2M), and Vaccines, blood, antisera, toxins and cultures ($36.5M).
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