Russia is the largest geographically, but it also has the ability to capture a large market share in the international market due to its large amount of exports.
It is also a key trade partner with other nations due to its large crude oil exports ($211.5 billion in 2021), which are followed by other high-exported products like iron and steel.
The Russian invasion of Ukraine began on February 24, 2022, and has lasted more than a month.
On March 2, 2022, a UN vote finalized the decision on Russian army withdrawal, and as a result of this trial, other nations that are reliant or dependent on Russia were reflected on, as a few either declined the vote or were not present.
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Rank and Major Productions in Russia
Russia is regularly ranked 15th to 18th among the world’s major economies, with the current ranking of 16th with a total export value of $491.5 billion for 2021.
While this may not be an exact indication of Russia’s or any other nation’s position due to reporting country limitations and hence import-export data, Russia is frequently ranked 14 or 15 among the world’s top economies.
The Russian Federation’s main source of income is oil and gas exploration. Russia’s major industries include pearls, precious stones and metals, and mining. The automobile sector, which accounts for around 2% of global output, is likewise considered a highly volatile industry.
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Russia’S major exports commodities based on the global trade data
The below presented Russia export statistics contain the top commodities, split on a 2-digit level, in terms of the top exported goods from Russia to other nations (Chapter).
According to Russia’s exports 2021-2022, the main exports are mineral fuels and oils ($211.5 billion), followed by pearls and metals ($31.5 billion), iron & steel ($28.8 billion), fertilizers ($12.4 billion), and timber ($11.7 billion), among other items.
Categories | Value in USD ($) | Year |
Plastic and articles of plastics | $6.17 Billion | 2021 |
Aluminum and articles of aluminum | $8.75 Billion | 2021 |
Industrial machinery | $10.74 Billion | 2021 |
Wood and articles of wood | $11.73 Billion | 2021 |
Mineral oil and fuels | $211.50 Billion | 2021 |
Fertilizers | $12.48 Billion | 2021 |
Steel and iron | $28.87 Billion | 2021 |
Ores, slag and ash | $7.41 Billion | 2021 |
Cereals | $9.13 Billion | 2021 |
Precious stones, pearls, and metals | $31.58 Billion | 2021 |
What are the countries that Russia exports to?
According to the table of trading nations with Russia, China ($68 billion) will import the most from Russia in 2021, followed by the Netherlands ($42.1 billion), Germany ($29.6 billion), Turkey ($26.5 billion), and Belarus ($22.8 billion), among others.
The United States of America is among the countries on the list, and it is voting for Russia to be removed from the list of “most favored nations.” The United Kingdom, the European Union, Japan, and other countries are among those that support the United States’ decision.
Country | Value in USD ($) | Year |
United States of America | $17.74 Billion | 2021 |
United Kingdom | $22.27 Billion | 2021 |
China | $68.02 Billion | 2021 |
Germany | $29.64 Billion | 2021 |
Kazakhstan | $18.47 Billion | 2021 |
Italy | $19.32 Billion | 2021 |
Belarus | $22.80 Billion | 2021 |
South Korea | $16.89 Billion | 2021 |
Turkey | $26.51 Billion | 2021 |
Netherlands | $42.15 Billion | 2021 |
The Countries Relying on Russia for import and export
For a variety of reasons, Russian industries are attractive markets for most of the countries that trade with Russia. While the figures presented above emphasize the most often exported goods from Russia to other nations, they do not represent the entire picture.
Aside from having a plentiful supply of oil and natural gas, Russia also has favorable harvesting circumstances, allowing the Russian Federation to export agricultural products like wheat and sunflower seeds.
Many of the nations on the preceding list are not fully reliant on Russia. Ukraine, for example, has considerable potential for sunflower and sunflower oil production.
The United States has its own gas reserves, and the European Union has a lot of potential for producing its own energy from “green” sources.
According to our survey of the top trade nations with Russia, Belarus (49.6%), Kazakhstan (34.9%), and Turkey (10.7%) are the countries that rely on Russia for exports.
The conclusions are based on each country’s share value with Russia among all of its trading partners, not only Russia’s top importing nations.
Click here to see the services and benefits our customs global import-export trade data offers.
You may also be interested in the import-export trade data of some other top global countries:
India import data India export data
Vietnam import data Vietnam export data
Indonesia import data Indonesia export data
Turkey import data Turkey export data
Bangladesh import data Bangladesh export data
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