Russia - Trade Balance Trade surplus shrinks on plummeting exports in February. According to the customs data of Russia exports, Russia exported crude petroleum oil the most in 2015. Securities Market. In addition, that dollar figure represents roughly 2.2% of overall global exports estimated at $19.285 trillion for one year earlier in 2018. A very powerful tool for finding active / new Russain Buyers and analyze Russian Import Trade of your product. Exports fell 23.8 percent due to lower sales to non-CIS (-27.4 percent). Exports tumbled 32.3 percent from a year earlier to USD 23.26 billion, led by lower shipments to both non-CIS (-34.5 percent) and CIS countries (-18.6 percent). Starting from $468 / Year Both exports to and imports from Russia increased between 2009 and 2019. Foreign Trade in Figures. Exports fell 14.1 percent led by lower sales to both non-CIS (-15.7 percent) and CIS countries (-3.8 percent). Securities Statistics. Turkey: The Economical statistics show that the totaled bilateral trade between Russia and Turkey was the value of $25.54 Billion.And marking a significant growth of 9.8% reached from the previous year. The most traded product group at this level was petroleum oils, crude. China’s rapid … Our data covers fields i.e. Russia trade balance for 2019 was $128.37B, a 22.34% decline from 2018. Reporting period: 2002 - 2019 Information on commodities exported and imported is presented according to the Standard international trade classification (SITC). Such efforts include participation in the CIS free trade agreement as well as the spearheading of the Russia-Belarus-Kazakhstan Customs Union. Find Russia trade statistics of Marpo imports from ***. Try the new automatic translation by clicking on the blue icon “Translate” up in the right corner of the article! The WTO provides quantitative information in relation to economic and trade policy issues. Merchandise Trade of the Russian Federation. Trade Balance (2018) $211,269,072,310. For this reason data on trade with the United Kingdom are not fully comparable with data on trade with other extra-EU-27 trade partners. Turkey: The Economical statistics show that the totaled bilateral trade between Russia and Turkey was the value of $25.54 Billion.And marking a significant growth of 9.8% reached from the previous year. Investment As per the Russia China trade statistics, Russian exports to China grew by 36.1% to USD 9.66 billion while China exports to Russia increased by 22.4% to USD 8.43 billion in Q1 of 2017. China 39.1 2. Check market analysis report of Marpo import based on import data of Marpo shipment comes into Russia. However, Overall EU exports to Russia were in 2019 25% lower than in 2012, agri-food exports were 38% lower. ... Discusses key economic indicators and trade statistics, which countries are dominant in the market, and other issues that affect trade. Russia's trade surplus decreased to USD 5.29 billion in June of 2020 from USD 12.36 billion in the same month of the previous year but above market expectations of a USD 4.1 billion surplus. Our import data of Russia is entirety based on … NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Figure 1b has some more details. Russia’s top trading partners in 2019 key statistics. Merchandise Trade statistics data for RUSSIA (RUSSIA) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. Russia exported $21.3 Billion value products to Turkey in the Year 2018 and that was a grew of 8.42% than the last year. Year over year, the most recent $179 billion in black ink represents a -15.2% decrease from the $211.2-billion surplus that Russia earned during 2018. Download historical data for 20 million indicators using your browser. As for … That dollar amount reflects 22.9% increase since 2015 but a -5.9% drop from 2018 to 2019. The imports and exports of goods of the EU and Russia indexed at 100 in 2008 for the period to 2018 are shown in Figure 2. (EUR 222 billion, 2 %) and Thailand (EUR 210 billion, 2 %). It was preceded by the United States (18 %), the United Kingdom (15 %), China (9 %) and Switzerland (7 %). Find Russia trade statistics of Marpo imports from ***. Merchandise exports dived 19.1% year-on-year and totaled USD 28.1 in February (January: -2.6% year-on-year). “Our trade with Sub-Saharan countries amounted to US$3.6 billion in 2017, compared to US$3.3 billion in 2016 and US$2.2 billion in 2015,” Lavrov told Hommes d’Afrique. This page was last modified on 28 May 2020, at 14:23. Italy 13.3 7. Bilateral trade between Russia and China increased by around 4.5% in the first eight months of 2019, reaching $70 billion, with exports to China almost entirely responsible for the surge in activity. Meanwhile, imports declined at a softer 2.7 percent, as purchases from non-CIS countries were down 2.3 percent and those from CIS dropped 5.5 percent. EU data are compiled according to Community guidelines and may, therefore, differ from national data published by the Member States. Contacts. The EU trade policy is an important element of the external dimension of the 'Europe 2020 strategy for smart, sustainable and inclusive growth’ and is one of the main pillars of the EU’s relations with the rest of the world. Try our corporate solution for free! Trade values are expressed in millions or billions (109) of euros. Among EU Member States, Germany was both the largest importer of goods from and the largest exporter of … The energy sector accounted for 71 per cent of two-way trade … Financial accounts and Financial balance sheets. According to the FAO Global Forest Resources Assessment 2015 and official Rosleskhoz data, Russia, also officially known as the Russian Federation (RF), has around 11.47 million km2 of forest land and other wooded land, which constitutes 49.8% of the total land area of Russia. Business; Russia has been running regular trade surpluses since 1998 primarily due to high exports of commodities like crude oil and natural gas. Import & export values, volumes, growth rates, market shares, etc. Nine products were below 50 %, indicating EU imports from Russia were at least twice as large as EU exports to Russia. Details may not equal totals due to rounding. Trade is an important indicator of Europe’s prosperity and place in the world. Among EU Member States, Germany was both the largest importer of goods from and the largest exporter of goods to Russia. In 2016 trade turnover between the two countries has fallen down by 13,3% to 9,1 billion US dollars: – export to Russia – 3,5 bln.USD (decreased by 10,2%); Learn More Leading Sectors for US Exports & Investments This is a best prospect industry sector for this country. The agreement reduced tariffs on cars. The openness of the EU’s trade regime has meant that the EU is the biggest player on the global trading scene and remains a good region to do business with. In 2019, Russia was the fifth largest partner for EU exports of goods (4 %). It provides access not only to both recent and historical data from the EU Member States but also to statistics of a significant number of third countries. In 2018, Russia's exports per capita were $2.96k and its imports per capita were $1.6k. Iron & steel, fertilizers and machinery stood at 2nd, 3rd and 4th position as Russia exports respectively in this year. Securities Statistics. Try our corporate solution for free! Russia's trade surplus narrowed to USD 6.44 billion in October 2020, from USD 13.16 billion in the same period last year and below market expectations of USD 8.2 billion, as global demand remained subdued amid rising COVID-19 cases and new lockdowns. More detail about the goods exchanged between the EU and Russia is given in Figure 7, showing the 20 most traded goods at SITC-3 level. U.S. goods and services trade with Russia totaled an estimated $34.9 billion in 2019. The four largest exporters were China (EUR 2 107 billion, 16 %), the EU-27 (EUR 2 060 billion, 15 %), the United States (EUR 1 412 billion, 10 %) and Japan (EUR 626 billion, 5 %). These ratios can be found in the right-hand margin of Figure 7. Russia’s overall trade surplus incorporating all products and countries equaled US$179 billion in 2019, down -14.2% from the $208.6-billion surplus for 2012. EU exports to Russia were highest in 2012 (EUR 118 billion) and lowest in 2009 (EUR 63 billion). Economic Indicators for Russia including actual values, historical data charts, an economic calendar, time-series statistics, business news, long term forecasts and short-term predictions for Russia … February’s result marked the sharpest contraction in exports since June 2016. The U.S. goods and services trade deficit with Russia was $13.1 billion in 2019. Export in Billion US-Dollar Rank Country Export (2017) 1. importers and exporters name, value, quantity and more shipment details Figure 6 shows the evolution of EU imports and exports by SITC group since 2009. EU imports from Russia were highest in 2012 (EUR 204 billion) and lowest in 2016 (EUR 114 billion). The largest surplus was held by Czechia (EUR 863 million), followed by Latvia (EUR 802 million) and Slovenia (EUR 273 million). It also shows the cover ratio (exports / imports) for this period. Russia became a member of the WTO in 2012, a member of the Commonwealth of Independent States which have established a free trade area, and is a member of the Eurasian customs union. Publish your articles and forecasts in our website. Table 1a shows the imports of goods from Russia by Member State. This common policy enables them to speak with one voice in trade negotiations, maximising their impact in such negotiations. Overall Russia generated a $179 billion trade surplus during 2019, a -15.2% decline from the $211.2 billion surplus one year earlier. Research sources give different statistics. In 2019, Russia was the fifth largest partner for EU exports of goods (4 %) and the fourth largest partner for EU imports of goods (7 %). Because the 27 EU Member States share a single market and a single external border, they also have a single trade policy. Monetary Policy. Total Imports (2018) $240,225,755,863. Russia trade balance for 2017 was $83.52B , a 26.01% increase from 2016. Table reflects only those months for which there was trade. Soviet foreign trade played only a minor role in the Soviet economy.In 1985, for example, exports and imports each accounted for only 4 percent of the Soviet gross national product.The Soviet Union maintained this low level because it could draw upon a large energy and raw material base, and because it historically had pursued a policy of self-sufficiency. Public Holidays in Russia. He further informed that Russia’s trade with Africa has improved over the past few years. The three largest importers from Russia in the EU were Germany (EUR 27 886 million), the Netherlands (EUR 21 415 million) and Italy (EUR 14 324 million). Statistics on extra-EU trade are calculated as the sum of trade of each of the 27 EU Member States with countries outside the EU. According to EU concepts and definitions, extra-EU trade statistics (trade between EU Member States and non-EU countries) do not record exchanges involving goods in transit, placed in a customs warehouse or given temporary admission (for trade fairs, temporary exhibitions, tests, etc.). Russia trade balance for 2017 was $83.52B, a 26.01% increase from 2016. Below is the list of top 10 exporter countries from which Russia mostly imported the products in 2015. Discover all statistics and data on Trade in Russia now on statista.com! 8 800 300-30-00 +7 499 300-30-00. Direct access to our calendar releases and historical data. Since 2016, bilateral trade has partially recovered. Check market analysis report of Marpo import based on import data of Marpo shipment comes into Russia. Trade statistics for international business development Monthly, quarterly and yearly trade data. Exports of goods and services (% of GDP) (2019) [2] 28.31%. EU data is taken from Eurostat's COMEXT database. Russia trade balance for 2018 was $165.30B , a 97.92% increase from 2017. Exports from Russia were lowest in 2016 (60) and highest in 2012 (112) and were 94 in 2018. Total Trade [1] Total Exports (2018) $451,494,828,173. Source: IMF, Direction of Trade Statistics, via ESDS Table 4b shows that in 2011, Russia’s main trading partner for the export of goods was the Netherlands (accounting for 12% of Russia’s total exports). In 2006, Russia and the United States signed a landmark trade agreement that helped its membership process. For extra-EU trade, the statistical information is mainly provided by the traders on the basis of customs declarations. Investor Relations. EU-Russia bilateral trade in goods peaked in 2012, dropping by 43% between 2012 and 2016 from two-way €322 billion in 2012 to €183 billion in 2016. Research sources give different statistics. Russia - Trade Balance Trade surplus shrinks on plummeting exports in February. Russia's trade surplus narrowed to USD 10.05 billion in September 2020 from USD 14.50 billion in the same period last year, as global and domestic demand remained subdued amid rising COVID-19 cases and new lockdowns across the world. Global Economic Prospects examines trends for the world economy and how they affect developing countries. Meanwhile, imports declined at a softer 8.8 percent, as purchases from non-CIS countries were down 8.9 percent and those from the CIS dropped 8.6 percent. Exports in Russia averaged 22594.71 USD Million from 1994 until 2020, reaching an all time high of 50248 USD Million in December of 2011 and a record low of 4100 USD Million in January of 1994. International trade aggregated and detailed statistics disseminated via the Eurostat website are compiled from COMEXT data according to a monthly process. These top 20 goods covered 55 % of total trade in goods in 2019. Trade and tariff data. The EU had trade deficits in raw materials (EUR 3 billion), other products (EUR 14 billion) and energy (EUR 97 billion). It was the fourth largest partner for EU imports of goods (7 %), preceded by China (19 %), the United States (12 %) and the United Kingdom (10 %) and followed by Switzerland (6 %). Another interesting way to look at the data is to investigate the cover ratio (exports / imports) of traded goods, showing the direction of the trade flows between the two economies. He further informed that Russia’s trade with Africa has improved over the past few years. Monetary Policy. Merchandise exports dived 19.1% year-on-year and totaled USD 28.1 in February (January: -2.6% year-on-year). It shows that six Member States had a trade surplus with Russia. Turkey … Figure 4 shows the exports, imports and trade balance between the EU and Russia from 2009 to 2019. Our data covers fields i.e. The trade in goods balance between the EU Member States and Russia is shown in Table 1c. The WTO provides quantitative information in relation to economic and trade policy issues. (212) 419-8286. hadley.ward@statista.com. The most imported primary goods were energy (68 %), followed by raw materials (3 %) and food & drink (1 %). Detailed Components (Balance of Payments Methodology) 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 … Monetary and Financial Statistics. Russia is currently our 26th largest goods trading partner with $28.0 billion in total (two way) goods trade during 2019. Monetary and Financial Statistics. This article is part of an online publication providing recent statistics on international trade in goods, covering information on the EU's main partners, main products traded, specific characteristics of trade as well as background information. The most exported manufactured goods were machinery & vehicles (43 %), followed by other manufactured products (23 %) and chemicals (23 %). Meanwhile, imports fell at a softer 11.1 percent to USD 19.54 billion, dragged down by reduced purchases from both non-CIS countries (-11.6 percent) and CIS countries (-7.6 percent). It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Iron & steel, fertilizers and machinery stood at 2nd, 3rd and 4th position as Russia exports respectively in this year. Exports from the EU were lowest in 2009 (83) and highest in 2018 (145). This article provides a picture of the international trade in goods between the European Union (EU) and Russia. It shows that Russia (EUR 376 billion, 3 %) was the tenth largest exporter in the world between Canada (EUR 382 billion, 3 %) and Singapore (EUR 350 billion, 3 %). The country is fairly open to foreign trade, which accounts for 51.5% of GDP (World Bank, 2018), despite strict laws and policies. Though Russia’s greater reliance on trade with the East was expected, the continued strength of Russia-China relations five years down the line was more of a surprise. The cover ratio for the EU was lowest in 2008 (91 %) and highest in 2016 (116 %) and was 108 % in 2018. It is called a FOB value (free on board) for exports and a CIF value (cost, insurance, freight) for imports. Data are in current U.S. dollars. Discover all statistics and data on Trade in Russia now on statista.com! Twenty-one Member States that had a trade deficit with Russia. This is even more important in a globalised world in which economies tend to cluster together in regional groups. United States 15.4 6. Eleven products were above 200 %, indicating EU exports to Russia were at least twice as large as EU imports from Russia. Trade Map is free to use and provides trade statistics and market access information for export development. Russia’s trade with the United States fell 21.85 percent, from $20.39 billion to $15.94 billion through the first nine months of 2020 when compared to the same period the previous year, according to a WorldCity analysis of latest U.S. Census Bureau data. From the left, the countries lining the Baltic on the south are Denmark, Germany, Poland, Russia (Kaliningrad), Lithuania, Latvia, Estonia, and Russia. ... 12 Neglinnaya Street, Moscow, 107016 Russia. 5. Publication date: 2020-11-15. To do that, it protected intellectual property rights. The partner is the country of final destination of the goods for exports and the country of origin for imports. Despite the recent emphasis on agriculture, trade between the China and Russia has traditionally been dominated by oil and gas. 5. Trade in Russia Export trade in China Trade in the U.S. Transatlantic Trade and Investment Partnership Retail trade in Europe Statista Accounts: Access All Statistics. Its data-bases and publications provide access to data on trade flows, tariffs, non-tariff measures (NTMs) and trade in value added. Em. Russia's trade surplus fell sharply to USD 3.72 billion in August of 2020 from USD 12.35 billion in the corresponding month of the previous year, below market expectations of a USD 6.9 billion surplus. Finally, other goods are shown in green. The Russian Federation has been a member of the WTO since 22 August 2012. Russia's trade surplus narrowed to USD 4.25 billion in July of 2020 from USD 11.05 billion in the same month of the previous year, below market expectations of a USD 5.5 billion surplus. Statistics is available on any Product imported by SEA to all Russian Ports. Russia trade balance for 2019 was $128.37B, a 22.34% decline from 2018. This is known as 'special trade’. Data for the non EU-27 countries used in figures 1-3 are taken from the UNCTAD database of the United Nations. Table 1b shows the exports of goods to Russia by Member State. As a consequence, while imports from any other extra-EU-27 trade partner are grouped by country of origin, the United Kingdom data reflect country of consignment. By transforming the large volume of primary trade data into an accessible, user-friendly, web-based format, Trade Map provides indicators on export performance, international demand, alternative markets and the role of competitors. In 2019 Russia was the destination of 4,1% of EU global exports, down from 6,7% in 2012. 8 800 300-30-00 +7 499 300-30-00. The cover ratio for Russia was lowest in 2016 (147 %) and highest in 2018 (178 %). Imports to Russia were lowest in 2009, 2015 and 2016 (66) and highest in 2013 (117) and were 85 in 2018. In 2015, trade surplus narrowed significantly, led by the plunge in oil prices and sanctions imposed by Europe and US over Ukraine crisis. Meanwhile, imports fell at a softer 13.2 percent to USD 19.42 billion, dragged down by reduced purchases from both non-CIS countries (-13.2 percent) and CIS countries (-13.4 percent). Imports to the EU were lowest in 2009 (77) and highest in 2018 (123). The International Trade Statistics Yearbook: Volume I – Trade by Country and Volume II – Trade by Product provide an overview of the latest trends of trade in goods and services showing country and product profiles of international trade, respectively. The United States has a services trade surplus of an estimated $3.4 billion with Russia in 2019, up 6.3% from 2018. Trade Map - free access to world trade data (on a monthly, quarterly and yearly basis) by country, product and service, to the most detailed level . Trade Balance . In 2019, the EU had trade surpluses in machinery & vehicles (EUR 36 billion), chemicals (EUR 14 billion), other manufactured products (EUR 4 billion) and food & drink (EUR 4 billion). In 2019, EU imports of primary goods (73 %) had a higher share than manufactured goods (17 %). 2020 : U.S. trade in goods with Russia . In the first half of this year, Iran’s share of imports in Russia was 0.2440 percent, and at the same time in 2017, the index was 0.2255. here you can see Iran-Russia trade statistics. Financial accounts and Financial balance sheets. Russia is home to more than one-fifth of the world’s forest areas. However, the United Kingdom is still part of the internal market until the end of the transitory period, meaning that data on trade with the United Kingdom are still based on statistical concepts applicable to trade between the EU Member States. The trade statistics of Russia import is available on any product that is imported by sea or air to all Russian ports from foreign countries. Includes a market overview and trade data. February’s result marked the sharpest contraction in exports since June 2016. 1997-2020 Data | 2021-2022 Forecast | Calendar | Historical. In accordance with British statistics in 2016 Russia took the 25 th place in trade with Britain, 24 th – in export and 23 rd – in import. Download full report Download ‘UK - Russia trade statistics’ report (129 KB, PDF) Related posts. And Germany and United States of America was the 2nd and 3rd largest exporter countries to Russia respectively in 2015. In 2019, Russia was the fifth largest partner for EU exports of goods (4 %) and the fourth largest partner for EU imports of goods (7 %). It was the 15th largest importer in the world (EUR 211 billion, 2 %) between Utd. Netherlands 27.7 3. ... measuring 75 dimensions that have the potential to drive trade, travel and investment and directly affect national economies. Let's have a look on the Russia export statistics of top 10 products, which Russia exported in … Russia and U.S. Trade . “Our trade with Sub-Saharan countries amounted to US$3.6 billion in 2017, compared to US$3.3 billion in 2016 and US$2.2 billion in 2015,” Lavrov told Hommes d’Afrique. importers and exporters name, value, quantity and more shipment details Exports were $10.9 billion; imports were $24.0 billion. The breakdown of EU trade with Russia by SITC groups is shown in Figure 5. 1, 107450, Moscow, Russia Phone number: 8 (495) 607-4902, fax: 8 (495) 607-4087 Email: stat@gks.ru Both exports to and imports from Russia increased between 2009 and 2019. Arab. Russia Country Commercial Guide. It analyses the type of goods exchanged between the two economies and the shares of each EU Member State in those exchanges. The Trading Economics Application Programming Interface (API) provides direct access to our data. Germany 19.9 4. The red shades denote the primary products: food & drink, raw materials and energy, while the blue shades show the manufactured goods: chemicals, machinery & vehicles and other manufactured goods. The biggest trade deficits were recorded with: China, the United States and France. The four largest importers were the United States (EUR 2 214 billion, 16 %), the EU-27 (EUR 1 908 billion, 14 %), China (EUR 1 810 billion, 13 %) and Japan (EUR 634 billion, 5 %). Trade and tariff data. In 2009, the EU had a trade deficit with Russia of EUR 52 billion. COMEXT is the reference database for international trade in goods. Russia GDP Contracts Less than Initially Thought, Russian Ruble Appreciates to 4-Month High, Russia Inflation Rate Above Central Bank's 4% Target, Russia Services Sector Contracts for 2nd Month, Russia Factory Activity Shrinks for 3rd Month, Russia Corporate Profits Drop 43.5% in Jan-Sep, Russia Unemployment Rate Below Expectations in October, Oil Prices Slide on Friday, Book Weekly Gain, US Stocks Book Weekly Loss, S&P Links Third Fall, Senegal November Inflation Rate at 5-Month Low, Spanish Shares End Lower, Fall 3.1% on the Week, French Shares Finish in the Red, Fall 1.8% on the Week. Provides a picture of the EU Member States Russia by Member State exports provided. ) for this country among the largest trade partners other manufactured products, to... 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