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.

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.

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.

Exports in Russia decreased to 33060 USD Million in April from 34559 USD Million in March of 2025. This dataset provides - Russia Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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)

Historical chart and dataset showing Russia trade to gdp ratio by year from 1989 to 2023.

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.

China Exports to Russia was US$115.28 Billion during 2024, according to the United Nations COMTRADE database on international trade. China Exports to Russia - data, historical chart and statistics - was last updated on June of 2025.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for Russia (XTNTVA01RUM667S) from Jan 1991 to Dec 2024 about Russia, trade, Net, and goods.

Russia Foreign Trade Turnover: CIS Countries data was reported at 6.678 USD bn in Jan 2022. This records a decrease from the previous number of 10.218 USD bn for Dec 2021. Russia Foreign Trade Turnover: CIS Countries data is updated monthly, averaging 5.778 USD bn from Jan 1998 (Median) to Jan 2022, with 289 observations. The data reached an all-time high of 12.034 USD bn in Dec 2011 and a record low of 1.295 USD bn in May 1999. Russia Foreign Trade Turnover: CIS Countries data remains active status in CEIC and is reported by Federal Customs Service. The data is categorized under Global Database’s Russian Federation – Table RU.JAA001: Foreign Trade: Summary: Federal Customs Service. Data release delayed due to the Ukraine-Russia conflict. No estimation on next release date can be made.

Turkey Exports to Russia was US$8.56 Billion during 2024, according to the United Nations COMTRADE database on international trade. Turkey Exports to Russia - data, historical chart and statistics - was last updated on July of 2025.

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.

The Russian ruble occupied **** percent of calculations for inflows into Russia for its exports to other countries in 2024. As for Russia's outflows to its import partners, **** percent of the calculations were in the national currency in 2024, up from ** percent in the previous year.

As of February 25, 2023, goods and services under sanctions on Russia over the invasion of Ukraine made up ** percent of the total import value of the European Union (EU) from Russia in 2021. Furthermore, export bans on goods and technology affected almost **** of the EU's exports to Russia in 2021.

Key information about Russia Total Exports to USA

• Russia Total Exports to USA recorded 968.400 USD mn in Jan 2022, compared with 1.659 USD bn in the previous Dec 2021
• Russia Total Exports to USA data is updated monthly, available from Mar 2004 to Jan 2022, with an averaged value of 888.900 USD mn
• The data reached an all-time high of 2.108 USD bn in Jul 2021 and a record low of 408.500 USD mn in Apr 2004

The annual trade revenue between Russia and countries located on the African continent reached **** billion U.S. dollars in 2023, having increased from the previous year. Furthermore, the revenue from Russian exports from and imports into the region more than doubled between 2013 and 2018. Russia's leading trade partner on the continent was Egypt. The value of goods and services exchanged with Egypt accounted for roughly ** percent of the total trade volume between Russia and African countries.

Germany Exports to Russia was US$8.44 Billion during 2024, according to the United Nations COMTRADE database on international trade. Germany Exports to Russia - data, historical chart and statistics - was last updated on July of 2025.

Ukraine Exports to Russia was US$22.2 Million during 2024, according to the United Nations COMTRADE database on international trade. Ukraine Exports to Russia - data, historical chart and statistics - was last updated on July of 2025.

Key information about Russia Total Exports

• Russia Total Exports recorded 39.7 USD bn in Dec 2024, compared with 39.8 USD bn in the previous month
• Russia Total Exports data is updated monthly, available from Jan 1998 to Dec 2024, with an averaged value of 29.5 USD bn
• The data reached an all-time high of 57.2 USD bn in Dec 2021 and a record low of 4.4 USD bn in Jan 1999

• In the latest reports, Russia Total Exports dropped 0.2 % YoY in Dec 2024
• Total Imports recorded 27.6 USD bn in Dec 2024, which registered an increase of 5.8 % year on year
• Russia Trade Balance recorded a surplus of 12.0 USD bn in Dec 2024