A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm. From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States. To view the file, you will need the Microsoft Excel Viewer available for free from Microsoft. Russia's trade surplus widened to USD 21.06 billion in November of 2021 from USD 7.39 billion in the corresponding month of the previous year. 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. Trade In July 2022 . 9,680.12 USD Million. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. In 2011, the EU had a trade deficit with Russia of 89 billion. crude); preparation, Transmission apparatus, for radioteleph incorpo. It measures the uniform tariff equivalent of the country tariff and non-tariff barriers (NTB) that would generate the same level of import value for the country in a given year. Imports: $331.3 Billion, Next release: December 6, 2022 The U.S. goods and services trade deficit with Russia was $13.1 billion in 2019. Estimate of External Debt of the Russian Federation as of September 30, 2022. Germany listed in the third place by export. TABLE TEXT TRADE SUMMARY FOR RUSSIA 2020 Overall Exports and Imports 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). An official website of the United States government. Number of countries to whom a particular country exports data in any given year. The Trading Economics Application Programming Interface (API) provides direct access to our data. Profit from the additional features of your individual account. 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). Services refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. Estimate of Key Aggregates of the Balance of Payments of the Russian Federation in January - September 2022. 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. 1) Mirror Exports is considered for export data 2) All Countries except World and EUN are considered as partner group 3) Product 'Total' is used for this computation 4) The indicator is computed at reporter-partner level and aggregated to reporter level. Deficit: $73.3 Billion Standard users can export data in a easy to use web interface or using an excel add-in. The biggest trade deficits were recorded with: China, the United States and France. Details may not equal totals due to rounding. Data are in current U.S. dollars. 1 The United States exported $1.65 trillion in goods. 2 The biggest categories were commercial aircraft, automobiles, and food. White label accounts can distribute our data. Overview In July 2022, Germany exported 1.02B and imported 2.84B from Russia, resulting in a negative trade balance of 1.82B. New, Insights into the worlds most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development. The U.S. trade deficit in goods and services was $616.8 billion in 2019. 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. Exports were $10.9 billion; imports were $24.0 billion. Economic Policy & Debt: National accounts: US$ at current prices: Aggregate indicators. What did Russia export in 2020? (February 7, 2022). Federal Customs Service of Russia. "External trade revenue in Russia from 2010 to 2021, by country group (in million U.S. Access to this and all other statistics on 80,000 topics from, Show sources information Then you can access your favorite statistics via the star in the header. Please create an employee account to be able to mark statistics as favorites. Current job openings: Download historical data for 20 million indicators using your browser. We have a plan for your needs. 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. Standard users can export data in a easy to use web interface or using an excel add-in. You need at least a Starter Account to use this feature. It is reported that exports of Russian goods stood at $343.8 bln in January-September 2021, whereas imports equaled $213.5 bln MOSCOW, October 24. Data are in current U.S. dollars. Russia trade balance for 2020 was $75.91B, a 41.3% decline from 2019. Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a USD 202.2 billion surplus in January, compared to the USD 190.1 billion surplus in December. The values shown are midyear estimates. Complete Release Schedule, U.S. Hispanic Chamber of Commerce Partner Webinar, Spanish Language Webinars 2020-2021 (Seminarios en Lnea en Espaol 2020-2021). Russia trade balance for 2021 was $169.71B, a 123.57% increase from 2020. This is a list of the 20 countries and territories with the largest deficit in current account balance (CAB), based on data from 2019 est. 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). Imports of goods and services represent the value of all goods and other market services received from the rest of the world. Thus, exports from Year over year, the most recent $198.2 billion in black ink represents an 87.9% increase compared to the $105.5-billion surplus that the Russian Federation earned during 2020. Get full access to all features within our Corporate Solutions. External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. The most common destination for the exports of Russia are China ($49.3B), United Kingdom ($25.3B), Netherlands ($22.5B), Belarus ($15.8B), and Germany ($14.2B). GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. Central Bank of Russia. February's result marked the sharpest contraction in exports since June 2016. Meanwhile, imports rose at a softer 22.4 percent to USD 30.68 billion, driven by purchases from non-CIS (21.8 percent) and CIS countries (28.1 percent). It is calculated as the number of countries to which the reporter exports a particular product divided by the number of countries that report importing the product that year. API users can feed a custom application. Advanced users can use our Python/R/Matlab packages. Please note this indicator is not cross country comparable. ; 13.4% ($45 billion): 2710 - Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from . Please note: The data from various sources are not from the same year. Show publisher information Federal Customs Service of Russia. Petroleum oils and oils obtained from bituminou, Petroleum oils, etc, (excl. RUSSIA quarterly trade data Country / Region RUSSIA For viewing trade, tariff data for country or region by year click here . Tariffs can be based on the Applied tariffs, which takes into account the bilateral trade preferences, The ad valorem equivalent of NTB were estimated by Kee, Nicita and Olarreaga (EJ, 2009), The OTRI captures the trade policy distortions that each country imposes on its import bundle. API users can feed a custom application. Data are in current U.S. dollars. Russia Balance of Trade 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. Economic Policy & Debt: Balance of payments: Current account: Goods, services & income. 1 985 787. Estonia. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. Use Ask Statista Research Service. 2 153 168. You only have access to basic statistics. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Latest trade data available from various sources. 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). As a Premium user you get access to the detailed source references and background information about this statistic. 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. "External Trade Revenue in Russia from 2010 to 2021, by Country Group (in Million U.S. Russia - Trade Balance Trade sur shrinks on plummeting exports in February. Overview In August 2022, China exported $8B and imported $11.2B from Russia, resulting in a negative trade balance of $3.22B. Country Year/Range Trade Flow Data are in current U.S. dollars. Direct access to our data from your apps using any programing language.