Key highlights:
Russia was ranked 12th in terms of exports, with total exports worth $486 billion in 2022.
The main export products of Russia include Minerals, fuels and oils, Iron and steel, Fertilizers, Pearls, stones and precious metals, and Aluminum and aluminum articles
The Top Export Partners of Russia are China, India, Germany, Turkey, and Italy.
As per Russian export data, in 2022, Russia exported minerals, fuels, and oils worth US $348.35 billion, which comprises around 71.6% of total exported products in Russia.
Russia, formally the Russian Federation, is the world's largest country, encompassing about one-tenth of the planet's surface. It is well known for having a vibrant culture, customs, literature, dance, and music. Despite its vastness, Russia is a superpower due to its abundance of minerals, oils, and other natural resources.
It has been regarded as the strongest nation in the world for centuries. It is a major producer and exporter of various agricultural and natural products and commodities.
In this blog, we will discuss the main export of Russia, the main export partners of Russia, export from Russia data, and more.
Firstly, let’s discuss the update on the trade relationship between India and Russia!
Russia and India have close ties when it comes to trade. The bilateral trade between India and Russia during 2002–2003 amounted to US $49.36 billion. Out of which, export to Russia from India amount to US $3.14 billion, and export from Russia to India amount to US $46.21 billion.
India’s rival China's relations with Russia are getting closer, as Putin described them as “the best in history.”. It is a matter of concern for India.
Modi’s first visit after winning 2024 is to Moscow, as it would help rebuff Western efforts to cast Putin as a pariah and raise relations with its key oil trade partner.
Russia was ranked 12th in terms of exports, with total exports worth $486 billion in 2022.
Just in five years, from 2017 to 2021, export from Russia increased from $126 billion to $486 billion. Oil and petroleum products hold the largest share of total export from Russia.
Approximately 30% of Russia's GDP is derived from exports.
"Russia exports globally, with a total of around 42,000 shipments."
Along with natural gas and oil, Russia is a major exporter of cereals, metals, and fertilizers.
Here is the list of major export of Russia:
|
S.No. |
Main export of Russia |
Export Value |
|
1 |
Minerals, fuels, oils, etc. |
US $348.35 billion |
|
2 |
Iron and steel |
US $21.49 billion |
|
3 |
Fertilizers |
US $17.36 billion |
|
4 |
Pearls, stones, precious metals |
US $16.85 billion |
|
5 |
Aluminum and aluminium articles |
US $9.96 billion |
|
6 |
Wood and Wood’s articles |
US $8.56 billion |
|
7 |
Fish, crustaceans, mollusks, etc |
US $7.78 billion |
|
8 |
cereals |
US $7.24 billion |
|
9 |
Copper and Copper’s article |
US $7.15 billion |
|
10 |
Inorganic chemicals |
US $5.8 billion |
It is the largest reservoir of natural gas and oil, which makes it the main producer and exporter of different kinds of fuels, oils, metals, and other minerals. Other than these, wood, fertilizers, inorganic chemicals, and seafood are among main export of Russia. The major export products of Russia are listed above, which boosts Russia’s GDP and foreign exchange reserves.
Here is the list of major export destinations of Russia:
|
S.No. |
Top export destination of Russia |
Export Value |
|
1 |
China |
US $101 billion |
|
2 |
India |
US $40.4 billion |
|
3 |
Germany |
US $27.7 billion |
|
4 |
Turkey |
US $25.3 billion |
|
5 |
Italy |
US $25.1 billion |
Around 55% of total export from Russia are shipped to these countries. Check out the Eximpedia.app dashboard and our Russia export data to find out more about Russia's export partners.
Minerals, fuels, oils, etc. (US $348.35 billion)
Iron and steel (US $21.49 billion)
Fertilizers (US $17.36 billion)
Pearls, stones, precious metals (US $16.85 billion)
Aluminum and aluminum articles (US $9.96 billion)
Wood and Wood’s articles (US $8.56 billion)
Fish, crustaceans, mollusks, etc (US $7.78 billion)
Cereals (US $7.24 billion)
Copper and copper’s article (US $7.15 billion)
Inorganic chemicals (US $5.8 billion)
Minerals, fuels, and oils are Russia biggest export products. As per Russian export data, in 2022, Russia exported minerals, fuels, and oils worth US $348.35 billion, which comprises around 71.6% of total export products from Russia.
The major exports of Russia’s Minerals, fuels, and oils include Crude Petroleum, Refined petroleum, petroleum gas, coal briquettes, electricity, coal tar oil, petroleum coke, petroleum jelly, and Lignite However, the main destinations for the exports of Russia’s minerals, fuels, and oils are China, India, Italy, Germany, and the Netherlands.
Iron and steel are the second-largest export commodities in Russia. Russia is the leading producer and exporter of iron and steel, with large metal reserves. As per Russian export data for 2022, Russia exported iron and steel worth US $21.49 billion, which holds 4.3% of the total export products from Russia.
The top categories of major exports of Russia’s iron and steel are wrought iron, cast iron, martensitic alloys, weathering steel, pig iron, and manganese. However, the main destinations for iron and steel export from Russia are Russia, China, Italy, Kazakhstan, and Germany.
Russia is the largest exporter of fertilizers, with a quantity of 38 billion metric tonnes in 2022. As per Russian export data for 2022, Russia exported fertilizers worth US $17.36 billion, which comprises a 3.5% share of total export products from russia and makes it one of the main export of Russia. The major exports of Russia’s fertilizers include potassium chloride, diammonium phosphate, phosphate rock, and triple superphosphate. The leading destinations for the exports of Russia’s fertilizers are Brazil, India, the United States, China, and Indonesia.
Russia is the second-largest exporter of Pearls, stones, and precious metals. As per Russian export data for 2022, Russia exported Pearls, stones, and precious metals worth US $16.85 billion, which constituted 3.46% of the total export products from Russia. The most expensive and precious metals in Russia are platinum, vanadium, gold, industrial diamonds, and cobalt, which are the main export of Russia.
Additionally, there is a high rise in demand for exceptional and unusual gemstones found in Russia, such as demantoid garnet and Alexandrite. Even Russian emeralds have grown in demand, making them one of the major exports of Russia. However, the leading destinations for exporting pearls, stones, and precious metals from Russia are the United Arab Emirates, Switzerland, the United Kingdom, the United States, and Hong Kong.
Aluminum and aluminum articles are the major exports of Russia. As per Russian export data for 2022, Russia exported aluminum and aluminum articles worth US $9.96 billion, which holds 2.04% of the total export products of Russia.
The main export of russia’s Aluminum and aluminum articles include raw aluminum, airplane parts, window frames, radiators, foil, air conditioning units, and more.
However, the main destinations for exports of aluminum and aluminum articles from Russia are China, Japan, Turkey, Germany, and the United States.
Russia is a competitive exporter of wood used for fuel and furniture manufacturing. As per Russian export data, in 2022, Russia exported wood worth US $8.56 billion. It holds a significant share of 31.76% of the total export products of Russia.
The major exports of Russia’s woods include beams, planks, fitches, boards, laths, fagots, twigs, and rough sticks. The leading destinations for the exports of Russia’s wood are China, Uzbekistan, Japan, Kazakhstan, and the United States.
Russia is the 7th biggest exporter of fish, crustaceans, mollusks, and other seafood.
As per Russian exporter data for 2022, Russia exported Fish, crustaceans, mollusks, etc
worth US$7.78 billion, which comprises a 1.6% share of total export products from Russia and makes it one of the main exports of Russia. The leading destinations for the major exports of Russia’s fish, crustaceans, mollusks, and other seafood. From Russia are Norway, Portugal, the United Kingdom, Spain, and Germany.
Russia is the 6th largest exporter of cereals, with 48 million metric tonnes of cereals exported from Russia. As per Russian trade data for 2022, Russia exported cereals worth US$7.24 billion, which constituted 1.49% of the total export products of Russia. The major exports of Russia’s cereals include corn, rice, barley, and rye.
However, the leading destinations for cereals export from Russia are Turkey, Egypt, Azerbaijan, Kazakhstan, and Pakistan.
As per Russia's export data, in 2022, Russia exported copper and copper articles. Worth US $7.15 billion.
It holds a significant share of 1.47% of the total export products of Russia. Copper alloys, copper foil, and unrefined copper are the top copper articles exported from Russia. Over the years, the demand for unrefined copper in Russia has grown, which makes it the main copper article export from Russia.
The prime destinations for the major exports of Russia’s copper and copper articles are China, Germany, Turkey, the Netherlands, and Chinese Taipei.
Russia is a significant exporter of inorganic chemicals. As per Russian export data, in 2022, Russia exported inorganic chemicals worth 1.1 billion USD.
It holds a significant share of 1.19% of the total export products of Russia. The main export of Russia’s inorganic chemicals are aluminum oxide, aluminum hydroxide, synthetic rubber, filaments, sodium, fluorine, and caustic.
However, the leading destinations for major exports of Russia’s inorganic chemicals from Russia are China, Brazil, Belarus, India, and Kazakhstan.
To find out the best buyers in Russia, we suggest you visit Eximpedia.app. Here at our exclusive platform, you can gain Russia export by country, Russia export data, Russia buyers data, product-wise specific data, and much more.
Eximpedia is a data-driven platform providing global trade data for 130+ countries. We also provide customs data, shipment data, port data, and updated export import data.
In this blog, we learned how the main export of Russia help boost the GDP and the overall welfare of the economy. Russia is one of the biggest economies, and trading with Russia is beneficial for both importers and exporters. Russia's export data is one of the important information sources that will help traders make decisions regarding getting engaged in trade with Russia. The Eximpedia.app. is here to provide you with the best Russian import and export data with all the required information. To connect with us, visit Eximpedia.app and have a better journey in international trade.
FAQ
As per Russia's export data, the main exports of russia are: Minerals fuels, iron and steel, fertilizers, pearls, stones, and precious metals
Based on Russia exporter data, mineral fuels, oils, distillation products, fertilizers, pearls, precious stones, metals, and coins are some major exports from Russia to India.
Mineral fuels and oils are Russia's biggest exports. In 2023, Russia's total imports were 425.1 billion USD, a 28.3% decline from 2022.
The primary items brought into Russia were nuclear reactors, boilers, machinery, and mechanical appliances, with imports valued at 33.71 billion US dollars.
Based on Russia export by country, Russia's leading 5 export partners are China, Turkey, India, Italy, and Germany.
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