Russia recorded a trade surplus of 8720 USD Million in May of 2025. This dataset provides - Russia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the trade surplus of goods in Russia amounted to about ****** billion U.S. dollars, having sharply decreased from the previous year. The indicator is calculated as exports minus imports of goods. A positive value means a trade surplus; a negative trade balance means a trade deficit. Russia's politics and the effect on the economy Russia has maintained a positive trade balance over the last 10 years, but in 2009, Russian exports slumped significantly due to the economic crisis. Since then, Russia has recovered and the country reports a greater surplus now than it did prior to the crisis. However, Russia’s economy has been weakened recently because of reductions in global oil and gas prices, upon which the Russian economy is largely dependent, and because of international tensions as a result of Russia's invasion of Ukraine. In the past couple of years, Russia has often reacted with hostility to any developments seen as threatening, and as Russia continues to provoke international conflict, this will affect its economy and likely hurt existing trade relations with both import and export partners. As a result, GDP growth was negative in 2015. This has also contributed to significant reductions in GDP per capita, which will directly affect Russian citizens, and more so as Russia’s inflation is peaking, and the unemployment rate continues to rise. In 2015, the inflation rate was close to ** percent. Economic diversification beyond oil and gas in addition to maintaining trade relations would help Russia’s economy.

Key information about Russia's Trade Balance

• Russia's Trade Balance recorded a surplus of 12.0 USD bn in Dec 2024, compared with a surplus of 14.3 USD bn in the previous month
• Russia's Trade Balance data is updated monthly, available from Jan 1998 to Dec 2024, with an averaged value of 12.0 USD bn
• The data reached an all-time high of 27.7 USD bn in Dec 2021 and a record low of 1.2 USD bn in Feb 1998

• In the latest reports, Russia's Total Exports reached 39.7 USD bn in Dec 2024, a decrease of 5.8% YoY (year-on-year)
• Total Imports recorded 27.6 USD bn in Dec 2024, an increase of 5.8% YoY (year-on-year)

The statistic shows the trade balance of services (exports minus imports of services) in Russia from 2013 to 2023. A positive value means a trade surplus, a negative trade balance means a trade deficit. In 2023, the trade deficit of services in Russia amounted to about ***** billion U.S. dollars.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for Russia (XTNTVA01RUM664S) from Jun 1992 to Apr 2025 about Russia, trade, Net, and goods.

Russia RU: Trade Balance: Services: USD: Lithuania data was reported at -193.400 USD mn in 2019. This records a decrease from the previous number of 26.800 USD mn for 2018. Russia RU: Trade Balance: Services: USD: Lithuania data is updated yearly, averaging 26.800 USD mn from Dec 2009 (Median) to 2019, with 11 observations. The data reached an all-time high of 241.200 USD mn in 2013 and a record low of -193.400 USD mn in 2019. Russia RU: Trade Balance: Services: USD: Lithuania data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Russian Federation – Table RU.OECD.TISP: Trade in Services: Trade Balance: USD: by Country: Non OECD Member: Annual.

In April 2025, the value of U.S. merchandise imports from Russia exceeded the exports to the country by around ***** million U.S. dollars. To compare, in the previous month, the negative trade balance was measured at approximately ***** million U.S. dollars. Exports of goods from the U.S. to Russia sharply decreased in March 2022 due to the trade sanctions imposed on Russia over its invasion of Ukraine. In total, over the course of 2024, the U.S. exported goods worth around *** billion U.S. dollars to Russia.

The Russian agricultural exports decline between 2015 and 2016 was followed by significant growth in the following years. Thus, over the last observed period, the country accounted for roughly ** billion U.S. dollars worth of agricultural exports. Figures of the import trade were relatively lower than of the exports translating into a trade balance deficit each year, which shank twofold in 2018.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for Russia (XTNTVA01RUQ667N) from Q1 1991 to Q1 2025 about Russia, trade, Net, and goods.

Russia trade balance for 2023 was 87.68 billion US dollars, a 69.75% decline from 2022.

<ul style='margin-top:20px;'>

<li>Russia trade balance for 2022 was <strong>289.89 billion US dollars</strong>, a <strong>68.26% increase</strong> from 2021.</li>
<li>Russia trade balance for 2021 was <strong>172.28 billion US dollars</strong>, a <strong>127.26% increase</strong> from 2020.</li>
<li>Russia trade balance for 2020 was <strong>75.81 billion US dollars</strong>, a <strong>41.38% decline</strong> from 2019.</li>
</ul>External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

Russia Foreign Trade Balance: Central Bank: Non CIS Countries data was reported at 18.595 USD bn in Jan 2022. This records a decrease from the previous number of 22.838 USD bn for Dec 2021. Russia Foreign Trade Balance: Central Bank: Non CIS Countries data is updated monthly, averaging 8.036 USD bn from Jan 1997 (Median) to Jan 2022, with 301 observations. The data reached an all-time high of 22.838 USD bn in Dec 2021 and a record low of -395.000 USD mn in Feb 1998. Russia Foreign Trade Balance: Central Bank: Non CIS Countries data remains active status in CEIC and is reported by Bank of Russia. The data is categorized under Russia Premium Database’s Foreign Trade – Table RU.JAA002: Foreign Trade: Summary: Central Bank: Goods. Data release delayed due to the Ukraine-Russia conflict. No estimation on next release date can be made.

Ukraine recorded a trade deficit of 3007.70 USD Million in April of 2025. This dataset provides the latest reported value for - Ukraine Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The exports of goods from Russia to China stood at around 69 billion U.S. dollars in 2021, marking an increase compared to the previous year. Russian merchandise imports into China gradually have increased in value since 2015, reaching nearly 72.7 billion U.S. dollars in 2021. Over the observed period, the trade balance of Russia with China was positive only in 2018 in 2019.

Trade in Russia

China was the leading export destination of Russian commodities as well as the major import partner of the country as of 2021. Germany listed in the third place by export value and ranked as the second largest origin of imports to the country over the same period. Russia is one of the leading exporters of goods worldwide. Fuels, minerals, and energy products are its major export commodity groups.

Russian trade in times of coronavirus

The coronavirus (COVID-19) pandemic affected all segments of the Russian economy, including international trade. Nonetheless, in February 2020, certain agricultural product exports from Russia to China experienced a positive growth. The especially significant increase was recorded for fish products at over 50 percent year-on-year. Further up-to-date statistics and facts about trade in Russia can be found in a dedicated topic page.

Russia RU: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: Indonesia data was reported at -1.690 USD bn in 2017. This records an increase from the previous number of -1.809 USD bn for 2016. Russia RU: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: Indonesia data is updated yearly, averaging -138.197 USD mn from Dec 1992 (Median) to 2017, with 26 observations. The data reached an all-time high of 53.883 USD mn in 2003 and a record low of -1.809 USD bn in 2016. Russia RU: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: Indonesia data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Russian Federation – Table RU.IMF.DOT: Trade Balance: by Country: Annual.

The lowest trade balance of services in Russia in 2023 was observed in the travel industry, where the value of exports exceeded the country's imports by over **** billion U.S. dollars. The insurance and pension services segment had the highest net exports at around *** million U.S. dollars.

Russia RU: Trade Balance: Emerging and Developing Economies: Sub-Saharan Africa: Tanzania data was reported at 101.663 USD mn in 2017. This records an increase from the previous number of 30.638 USD mn for 2016. Russia RU: Trade Balance: Emerging and Developing Economies: Sub-Saharan Africa: Tanzania data is updated yearly, averaging 7.791 USD mn from Dec 1992 (Median) to 2017, with 23 observations. The data reached an all-time high of 101.663 USD mn in 2017 and a record low of -11.448 USD mn in 2004. Russia RU: Trade Balance: Emerging and Developing Economies: Sub-Saharan Africa: Tanzania data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Russian Federation – Table RU.IMF.DOT: Trade Balance: by Country: Annual.

This graph shows the growth in the U.S. import volume of trade goods from Russia from 1992 to 2023. In 2023, U.S. imports from Russia amounted to approximately 4.57 billion U.S. dollars. RussiaRussia's foreign trade balance of goods generated a surplus of about 187 billion U.S. dollars, with more resulting from exports than imports in 2014. Russia exported trade goods valued about 418.8 billion U.S. dollars in 2019. In a global ranking of national exports, Russia was sixteenth. Leading exporters like China, the United States, and Germany are exporting goods worth between 1.5 and 2.5 trillion U.S. dollars. The placement of Russia’s export ranking is linear with its placement on the ranking of the biggest economies in the world. Russia had the eleventh largest GDP worldwide with about 1.6 trillion U.S. dollars in 2019. Russia's most important export countries are mostly its direct neighbors, like China, Ukraine, Belarus, Poland, and Kazakhstan. About 35 percent of all exports go to neighboring countries. China is the most important country within the aforementioned nations, which takes about 8 percent of Russia's exported goods. The United States are not among the top ten. The nation sits in twelfth place of Russia's export destinations, with about three percent. The products exported from Russia are unsurprisingly mainly mineral products and metals, with crude and refined petroleum making up for 54 percent of all exports. The main export product apart from resources is wheat. Exported wheat from Russia was valued at about 6.2 billion U.S. dollars in 2012. Russia is one of the principal wheat exporters. Although the development of Russia's exports has been somewhat positive in recent years, the political crisis with the Ukraine, resulting in economic sanctions applied by important trade countries like Germany, the EU, the United States and many others, might have dampened foreign trade altogether. The result was a negative growth in exports of about five percent in 2014.

Russia's leading five export partners in 2023 were China, India, Turkey, Kazakhstan, and Brazil. The value of total exports from Russia to its major trade partner — China — exceeded 128 billion U.S. dollars. Trade between Russia and China China was not only the leading export destination of Russian commodities, but also the major import partner of the country. Prior to 2018, the value of Russian imports from China prevailed the Russian exports’ worth to the country. It was in 2018 when for the first time, the trade balance of Russia with China turned positive and amounted to about 3.8 billion U.S. dollars. Russia's primary export goods, mineral and energy products, were also the most imported commodities by China from the country. Russian trade with Europe Trade flows between Russia and the EU have been in decline over the past years. In 2023, the EU export value to Russia exceeded 38 billion U.S. dollars — roughly 12 billion U.S. dollars below the EU imports’ worth from Russia in that year. Germany was the major importer of Russian goods in the region.

Russia Foreign Trade Balance: Central Bank data was reported at 10.500 USD bn in Feb 2025. This records an increase from the previous number of 7.275 USD bn for Jan 2025. Russia Foreign Trade Balance: Central Bank data is updated monthly, averaging 10.266 USD bn from Jan 1997 (Median) to Feb 2025, with 338 observations. The data reached an all-time high of 37.463 USD bn in Mar 2022 and a record low of -203.000 USD mn in Feb 1998. Russia Foreign Trade Balance: Central Bank data remains active status in CEIC and is reported by Bank of Russia. The data is categorized under Global Database’s Russian Federation – Table RU.JAA002: Foreign Trade: Summary: Central Bank: Goods.

Grain and grain legumes accounted for the most significant balance surplus in the Russian agricultural trade by exporting over 10 billion U.S. dollars more of this commodity compared to imports' value thereof during 2018. Other product types that marked higher export levels relative to imports were fats and oils and, fish and crustaceans. The most eye-catching balance deficit was reported in the food industry products category with a negative 5.46 billion U.S. dollars in 2018.