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Russia trade in 2024

In 2024, Russia exported $376.7 billion and imported $201.8 billion, a trade surplus of $175 billion. It was the world's 19th-largest exporter, with 1.7% of world exports. Its top export was crude petroleum (33% of the total) and its main trading partner was China (42.1% of its trade).

Summary

Exports
$376.7billion
Imports
$201.8billion
Trade balance
+$175billion
Routes to the main partners. Width: trade value; color: estimated transport mode.SeaAirLand
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Products

What it exports

Crude petroleum (33%) and refined petroleum (12.2%) together make up 45.2% of its exports.

  1. Crude petroleum$124.2 billion · 33%
    Main partner: China
  2. Refined petroleum$45.9 billion · 12.2%
    Main partner: Turkey
  3. Natural gas and LPG$40.6 billion · 10.8%
    Main partner: China
  4. Coal$22.4 billion · 6%
    Main partner: China
  5. Gold$12.3 billion · 3.3%
    Main partner: Armenia
  6. Wheat$9.2 billion · 2.4%
    Main partner: Egypt
  7. Unwrought aluminum$7.3 billion · 1.9%
    Main partner: China
  8. Semi-finished steel$5.8 billion · 1.5%
    Main partner: Turkey
  9. Mixed fertilizers$5.4 billion · 1.4%
    Main partner: Brazil
  10. Nitrogen fertilizers$4.9 billion · 1.3%
    Main partner: Brazil

What it imports

Cars (8.6%) and medicines in measured doses or retail packs (4%) together make up 12.6% of its imports.

  1. Cars$17.3 billion · 8.6%
    Main partner: China
  2. Medicines in measured doses or retail packs$8 billion · 4%
    Main partner: Germany
  3. Cameras and broadcast equipment$5 billion · 2.5%
    Main partner: China
  4. Computers$3.9 billion · 1.9%
    Main partner: China
  5. Auto parts$3.6 billion · 1.8%
    Main partner: China
  6. Vaccines, blood and antisera$3.1 billion · 1.5%
    Main partner: Switzerland
  7. Tractors$2.8 billion · 1.4%
    Main partner: China
  8. Trucks$2.8 billion · 1.4%
    Main partner: China
  9. Bulldozers and excavators$2.4 billion · 1.2%
    Main partner: China
  10. Aluminum oxide and hydroxide$2.3 billion · 1.1%
    Main partner: China
By Harmonized System chapter (96)
ChapterExportsImports
27 · Oil, gas and coal$235.5 billion$1.2 billion
71 · Gems and precious metals$18.8 billion$757 million
31 · Fertilizers$15.1 billion$55 million
72 · Iron and steel$12.5 billion$3 billion
10 · Cereals$10.9 billion$161 million
76 · Aluminum$7.9 billion$913 million
15 · Fats and oils$6.5 billion$1.5 billion
26 · Ores and slag$6.1 billion$945 million
44 · Wood$5.7 billion$275 million
28 · Inorganic chemicals$5.4 billion$5 billion
74 · Copper$5.2 billion$768 million
03 · Fish and seafood$4.3 billion$1.4 billion
84 · Mechanical machinery$4.2 billion$36.7 billion
73 · Iron and steel products$3 billion$3.5 billion
39 · Plastics$2.6 billion$8.1 billion
23 · Animal feed and food waste$2.2 billion$483 million
75 · Nickel$2.1 billion$51 million
48 · Paper and paperboard$2 billion$2 billion
40 · Rubber$1.9 billion$3.1 billion
85 · Electrical and electronic equipment$1.8 billion$20.8 billion
16 · Prepared meat and fish$1.7 billion$290 million
29 · Organic chemicals$1.6 billion$5.1 billion
07 · Vegetables$1.5 billion$1.2 billion
47 · Wood pulp$1.2 billion$48 million
02 · Meat and offal$1.2 billion$880 million
12 · Oilseeds and grains$1.1 billion$1.5 billion
81 · Other base metals$886 million$252 million
86 · Railway equipment$827 million$393 million
25 · Salt, stone and cement$803 million$386 million
17 · Sugar and sweets$762 million$335 million
21 · Food preparations$714 million$1.6 billion
87 · Vehicles$705 million$29.3 billion
19 · Baked goods and cereal products$701 million$689 million
18 · Cocoa and chocolate$604 million$1.5 billion
88 · Aircraft and spacecraft$578 million$298 million
30 · Pharmaceuticals$563 million$11.8 billion
90 · Precision and medical instruments$556 million$7 billion
38 · Miscellaneous chemicals$481 million$2.3 billion
20 · Preserved fruit and vegetables$427 million$1.3 billion
33 · Perfumes and cosmetics$396 million$3.1 billion
22 · Beverages and spirits$394 million$2.6 billion
11 · Milling products and malt$383 million$70 million
61 · Knitted clothing$372 million$3.6 billion
68 · Stone, plaster and cement articles$365 million$593 million
04 · Dairy, eggs and honey$324 million$489 million
63 · Home textiles and used clothing$323 million$928 million
70 · Glass$322 million$612 million
94 · Furniture and lighting$316 million$2.3 billion
34 · Soap and cleaning products$313 million$1.1 billion
32 · Dyes, paints and tanning agents$236 million$982 million
24 · Tobacco$234 million$535 million
69 · Ceramics$184 million$1 billion
62 · Woven clothing$154 million$3 billion
95 · Toys and sports gear$143 million$1.9 billion
49 · Books and printed matter$137 million$83 million
05 · Other animal products$119 million$78 million
01 · Live animals$115 million$33 million
83 · Miscellaneous metal goods$114 million$1.4 billion
36 · Explosives and matches$112 million$36 million
09 · Coffee, tea and spices$110 million$1.2 billion
82 · Tools and cutlery$105 million$1.8 billion
64 · Footwear$93 million$3.9 billion
56 · Felt, nonwovens and rope$72 million$441 million
96 · Other manufactured goods$70 million$719 million
43 · Fur and fur goods$65 million$181 million
97 · Art and antiques$63 million$3 million
08 · Fruit and nuts$57 million$4.5 billion
59 · Coated and technical textiles$57 million$479 million
35 · Glues, starches and enzymes$33 million$740 million
42 · Leather goods and bags$28 million$1.1 billion
89 · Ships and boats$27 million$455 million
78 · Lead$27 million$3 million
53 · Other plant fibers$26 million$17 million
55 · Synthetic staple fibers$19 million$556 million
41 · Hides and leather$19 million$37 million
14 · Other plant products$19 million$15 million
93 · Weapons and ammunition$19 million$31 million
52 · Cotton$16 million$679 million
54 · Synthetic filaments$15 million$740 million
91 · Watches and clocks$12 million$299 million
80 · Tin$9 million$4 million
65 · Hats$9 million$202 million
60 · Knitted fabric$8 million$741 million
13 · Gums and plant extracts$8 million$264 million
57 · Carpets and rugs$7 million$173 million
67 · Feathers and artificial flowers$6 million$125 million
06 · Live plants and flowers$6 million$432 million
51 · Wool$5 million$26 million
58 · Special fabrics and lace$4 million$142 million
79 · Zinc$3 million$321 million
92 · Musical instruments$3 million$67 million
37 · Photographic goods$2 million$115 million
45 · Cork$890 thousand$7 million
46 · Wicker and basketware$846 thousand$22 million
66 · Umbrellas and canes$763 thousand$38 million
50 · Silk$109 thousand$6 million

Trading partners

China is its main destination (34.4% of exports) and source (56.4% of imports).

Who it sells to

PartnerValue (USD billions)ShareMode
China13034.4%Land
India66.417.6%Sea
Turkey25.96.9%Sea
Kazakhstan18.24.8%Land
Brazil12.23.2%Sea
Armenia9.22.5%Air
Uzbekistan7.72.1%Sea
South Korea6.91.8%Sea
Hong Kong6.41.7%Air
Egypt61.6%Sea

Who it buys from

PartnerValue (USD billions)ShareMode
China11456.4%Land
Kazakhstan9.54.7%Land
Turkey8.54.2%Sea
Germany8.14%Sea
India4.82.4%Sea
Italy4.62.3%Sea
South Korea4.52.2%Sea
Armenia3.11.6%Sea
Uzbekistan31.5%Sea
Poland31.5%Land

Overview 1995–2024

In 2024, Russia accounted for 1.7% of world exports, compared with 1.1% in 1995.

Exports and imports

Exports grew 6.5-fold since 1995

USD billions (current). Bars: trade balance (green surplus, red deficit).

  • Exports 377
  • Imports 202
  • Balance +175

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$58.1 billion$39 billion$19.1 billion
1996$93.2 billion$52.1 billion$41.1 billion
1997$91.3 billion$57.7 billion$33.6 billion
1998$82.2 billion$50.7 billion$31.5 billion
1999$82.3 billion$34.7 billion$47.6 billion
2000$109.7 billion$40.8 billion$69 billion
2001$106.2 billion$49.6 billion$56.6 billion
2002$110 billion$54.5 billion$55.4 billion
2003$138.5 billion$68 billion$70.5 billion
2004$193 billion$90.3 billion$102.8 billion
2005$250.2 billion$115.9 billion$134.2 billion
2006$300.1 billion$155.2 billion$144.9 billion
2007$349.2 billion$219.2 billion$130 billion
2008$438.7 billion$284.9 billion$153.8 billion
2009$311.3 billion$173.7 billion$137.6 billion
2010$390.4 billion$235.1 billion$155.3 billion
2011$497.7 billion$311.9 billion$185.8 billion
2012$514.5 billion$327.2 billion$187.3 billion
2013$493 billion$326.7 billion$166.2 billion
2014$483.7 billion$297.6 billion$186.1 billion
2015$338.9 billion$187.4 billion$151.6 billion
2016$302.8 billion$202.1 billion$100.8 billion
2017$371.8 billion$249.6 billion$122.2 billion
2018$449 billion$243.8 billion$205.1 billion
2019$432.5 billion$249.6 billion$182.9 billion
2020$339.2 billion$230.2 billion$109 billion
2021$501.7 billion$284.6 billion$217.1 billion
2022$539.2 billion$196.6 billion$342.6 billion
2023$410.8 billion$216.3 billion$194.6 billion
2024$376.7 billion$201.8 billion$175 billion

World rank

Russia rose from 21st to 19th among the world's exporters

Rank among 222 countries by export value (1st at the top).

  • 21st in 1995
  • 19th in 2024

Source: CEPII BACI

Show the numbers
YearRank
199521st
199617th
199717th
199819th
199919th
200016th
200116th
200216th
200315th
200413th
200512th
200611th
200711th
200811th
200910th
20109th
20119th
20127th
20139th
20149th
201512th
201613th
201713th
201810th
201911th
202013th
202111th
202212th
202316th
202419th

What it sells

Its top export group is still oil, gas and coal: 63% in 2024

% of exports by Harmonized System chapter.

  • Other 17%
  • Ores and slag 2%
  • Fats and oils 2%
  • Aluminum 2%
  • Cereals 3%
  • Iron and steel 3%
  • Fertilizers 4%
  • Gems and precious metals 5%
  • Oil, gas and coal 63%

Source: CEPII BACI

Show the numbers
Chapter19952024
Oil, gas and coal33.7%62.5%
Gems and precious metals5.3%5%
Fertilizers4%4%
Iron and steel11.8%3.3%
Cereals0.43%2.9%
Aluminum9.2%2.1%
Fats and oils0.05%1.7%
Ores and slag0.83%1.6%
Other34.8%16.9%

Who it trades with

China went from 5% to 42% of Russia's trade

% of total trade (exports + imports) with each partner.

  • China 42%
  • India 12%
  • Turkey 6%
  • Kazakhstan 5%
  • Brazil 2%

Source: CEPII BACI

Show the numbers
Partner19952024
China5.3%42.1%
India1.9%12.3%
Turkey3.4%6%
Kazakhstan0%4.8%
Brazil0.78%2.4%

Production hubs

Largest industrial emission sources (Climate TRACE, 2025)

  • Central Sub-basin - West Siberia basinOil and gas · 260.3 Mt CO₂e
  • Volga - Urals basinOil and gas · 84.5 Mt CO₂e
  • Nepa - Botuoba basinOil and gas · 40.1 Mt CO₂e
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Largest economic production hubs (gridded GDP, 2024)

  • Moscow$1.4 trillion (PPP, 2021 dollars)
  • St. Petersburg$368.7 billion (PPP, 2021 dollars)
  • Tyumen$173.4 billion (PPP, 2021 dollars)
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Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. Ranks are computed among the countries with data each year. Services are not included. Data up to 2024.

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