Russia

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Russian Federation · RU · RUS · BACI 643 · latest data 2024

Exports

$376.7B USD, nominal · 2024

= $376,749 M13.5% over 5 yrs (down)

Imports

$201.8B USD, nominal · 2024

= $201,753 M18.7% over 5 yrs (down)

Trade balancesurplus

$175.0B USD, nominal · 2024

= $174,996 M

Total trade

$578.5B USD, nominal · 2024

= $578,502 M15.4% over 5 yrs (down)

World position: #18 of 225 exporters · top 10% · #29 of 225 importers · top 25% · 2024
World export share since 1995: +0.5 pp

Trade timeline

Russia's exports grew from $58.1B in 1995 to $376.7B in 2024; the 2024 balance was $175.0B.

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Exports, imports, trade balance and total trade of Russia per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$58,096 M	$39,016 M	$19,080 M	$97,112 M
1996	$93,598 M	$53,022 M	$40,576 M	$146,620 M
1997	$91,410 M	$58,732 M	$32,678 M	$150,143 M
1998	$82,334 M	$51,520 M	$30,815 M	$133,854 M
1999	$82,776 M	$35,134 M	$47,642 M	$117,910 M
2000	$109,579 M	$41,282 M	$68,297 M	$150,861 M
2001	$106,263 M	$50,183 M	$56,080 M	$156,446 M
2002	$111,011 M	$55,264 M	$55,747 M	$166,275 M
2003	$141,066 M	$69,372 M	$71,694 M	$210,439 M
2004	$196,396 M	$92,274 M	$104,122 M	$288,669 M
2005	$250,079 M	$117,776 M	$132,303 M	$367,856 M
2006	$299,813 M	$157,369 M	$142,444 M	$457,182 M
2007	$352,963 M	$221,189 M	$131,774 M	$574,152 M
2008	$430,591 M	$286,436 M	$144,155 M	$717,027 M
2009	$312,674 M	$174,025 M	$138,648 M	$486,699 M
2010	$394,639 M	$235,509 M	$159,130 M	$630,149 M
2011	$503,457 M	$312,669 M	$190,788 M	$816,126 M
2012	$513,060 M	$328,444 M	$184,616 M	$841,503 M
2013	$500,378 M	$327,548 M	$172,830 M	$827,926 M
2014	$487,213 M	$297,646 M	$189,567 M	$784,859 M
2015	$339,659 M	$187,440 M	$152,219 M	$527,099 M
2016	$304,610 M	$200,461 M	$104,149 M	$505,071 M
2017	$373,867 M	$247,560 M	$126,306 M	$621,427 M
2018	$453,587 M	$243,217 M	$210,370 M	$696,803 M
2019	$435,342 M	$248,253 M	$187,089 M	$683,595 M
2020	$342,171 M	$229,324 M	$112,848 M	$571,495 M
2021	$504,030 M	$283,522 M	$220,508 M	$787,553 M
2022	$538,700 M	$196,023 M	$342,676 M	$734,723 M
2023	$394,256 M	$207,532 M	$186,724 M	$601,788 M
2024	$376,749 M	$201,753 M	$174,996 M	$578,502 M

30 rows

World share & rank

World export share moved from 1.1% in 1995 to 1.6% in 2024; export rank #20 → #18.

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World export and import share in percent, and world ranks, of Russia per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	1.15%	0.77%	#20	#25
1996	1.74%	0.99%	#16	#23
1997	1.63%	1.05%	#16	#23
1998	1.48%	0.93%	#18	#22
1999	1.44%	0.61%	#18	#30
2000	1.69%	0.63%	#15	#29
2001	1.68%	0.80%	#15	#25
2002	1.68%	0.83%	#15	#23
2003	1.84%	0.91%	#14	#23
2004	2.13%	1.00%	#12	#23
2005	2.39%	1.12%	#12	#19
2006	2.48%	1.30%	#11	#18
2007	2.52%	1.58%	#11	#17
2008	2.67%	1.77%	#11	#17
2009	2.51%	1.40%	#10	#18
2010	2.62%	1.57%	#9	#17
2011	2.81%	1.74%	#9	#17
2012	2.84%	1.82%	#7	#17
2013	2.75%	1.80%	#8	#17
2014	2.66%	1.62%	#9	#17
2015	2.12%	1.17%	#12	#23
2016	1.95%	1.28%	#12	#19
2017	2.13%	1.41%	#12	#19
2018	2.38%	1.27%	#10	#22
2019	2.35%	1.34%	#10	#21
2020	2.00%	1.34%	#12	#20
2021	2.35%	1.32%	#10	#20
2022	2.23%	0.81%	#11	#29
2023	1.74%	0.92%	#17	#29
2024	1.65%	0.88%	#18	#29

30 rows

Trading partners

China was Russia's top trading partner in 2024, at 42.1% of total trade; the top five partners covered 67.5%.

Year

Top partner share: 42.1%
Top-5 share: 67.5%
Partners: 127
Partner HHI (0–1): 0.202

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China $129.6B

India $66.4B

Türkiye $25.9B

Kazakhstan $18.2B

Brazil $12.2B

Armenia $9.2B

Uzbekistan $7.7B

South Korea $6.9B

Hong Kong $6.4B

Egypt $6.0B

Japan $5.6B

Hungary $5.5B

France $4.4B

Italy $3.7B

Germany $2.2B

View partner table

Top partners of Russia in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	China	$129,580 M	$113,869 M	$243,449 M	$15,712 M
#2	India	$66,387 M	$4,838 M	$71,225 M	$61,549 M
#3	Türkiye	$25,937 M	$8,500 M	$34,437 M	$17,438 M
#4	Kazakhstan	$18,236 M	$9,545 M	$27,781 M	$8,690 M
#5	Brazil	$12,207 M	$1,450 M	$13,657 M	$10,757 M
#6	Armenia	$9,238 M	$3,135 M	$12,373 M	$6,102 M
#7	South Korea	$6,870 M	$4,524 M	$11,394 M	$2,346 M
#8	Uzbekistan	$7,705 M	$2,985 M	$10,690 M	$4,720 M
#9	Germany	$2,173 M	$8,134 M	$10,307 M	−$5,961 M
#10	Italy	$3,651 M	$4,586 M	$8,236 M	−$935 M
#11	Hong Kong	$6,429 M	$1,498 M	$7,927 M	$4,931 M
#12	Japan	$5,649 M	$1,908 M	$7,557 M	$3,741 M
#13	France	$4,449 M	$2,205 M	$6,654 M	$2,244 M
#14	Egypt	$6,007 M	$607 M	$6,614 M	$5,400 M
#15	Hungary	$5,534 M	$1,043 M	$6,577 M	$4,490 M

15 rows

Products & sectors

Product composition of Russia's trade in 2024.

Year

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Concentration & risk

Russia's export partners concentrated over 1995–2024 — HHI 0.048 → 0.161, a moderately concentrated export base across 126 partners in 2024.

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Export and import partner HHI (0–1) and partner counts of Russia per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.048	0.056	104	85
1996	0.038	0.051	174	169
1997	0.036	0.049	176	166
1998	0.038	0.053	172	165
1999	0.037	0.053	180	164
2000	0.035	0.053	184	179
2001	0.034	0.058	180	188
2002	0.034	0.060	186	191
2003	0.034	0.058	192	195
2004	0.034	0.060	183	192
2005	0.036	0.055	187	188
2006	0.039	0.056	192	197
2007	0.039	0.059	189	200
2008	0.038	0.058	188	201
2009	0.040	0.058	196	196
2010	0.040	0.063	189	196
2011	0.041	0.062	195	204
2012	0.044	0.062	199	212
2013	0.039	0.062	196	209
2014	0.042	0.063	194	214
2015	0.041	0.067	193	211
2016	0.038	0.071	197	214
2017	0.040	0.071	198	212
2018	0.042	0.076	197	211
2019	0.045	0.074	199	217
2020	0.048	0.084	194	211
2021	0.046	0.091	196	210
2022	0.069	0.165	152	132
2023	0.148	0.292	137	120
2024	0.161	0.328	126	112

30 rows

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