Exports in Russia averaged 22594.71 USD Million from 1994 until 2020, reaching an all time high of 50248 USD Million in December of 2011 and a record low of 4100 USD Million in January of 1994. The energy sector accounted for 71 per cent of two-way trade … Our data covers fields i.e. This article provides a picture of the international trade in goods between the European Union (EU) and Russia. Find Russia trade statistics of Marpo imports from ***. Russia trade balance for 2017 was $83.52B , a 26.01% increase from 2016. The imports and exports of goods of the EU and Russia indexed at 100 in 2008 for the period to 2018 are shown in Figure 2. Financial accounts and Financial balance sheets. Source: IMF, Direction of Trade Statistics, via ESDS Table 4b shows that in 2011, Russia’s main trading partner for the export of goods was the Netherlands (accounting for 12% of Russia’s total exports). Figure 1b has some more details. Foreign Trade in Figures. Support for the economy in the north of England. The largest surplus was held by Czechia (EUR 863 million), followed by Latvia (EUR 802 million) and Slovenia (EUR 273 million). Our data covers fields i.e. Russian Federation from The World Bank: Data. External Sector Statistics. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Trade Balance (2018) $211,269,072,310. Because the 27 EU Member States share a single market and a single external border, they also have a single trade policy. Russia trade balance for 2019 was $128.37B, a 22.34% decline from 2018. In accordance with British statistics in 2016 Russia took the 25 th place in trade with Britain, 24 th – in export and 23 rd – in import. Russia became a member of the WTO in 2012, a member of the Commonwealth of Independent States which have established a free trade area, and is a member of the Eurasian customs union. Iron & steel, fertilizers and machinery stood at 2nd, 3rd and 4th position as Russia exports respectively in this year. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. In 2019, Russia was the fifth largest partner for EU exports of goods (4 %) and the fourth largest partner for EU imports of goods (7 %). What’s more, the union shows no signs of weakening given the extra impetus that the China-led Belt and Road Initiative has offered. Russia exported $21.3 Billion value products to Turkey in the Year 2018 and that was a grew of 8.42% than the last year. Reporting period: 2002 - 2019 More detail about the goods exchanged between the EU and Russia is given in Figure 7, showing the 20 most traded goods at SITC-3 level. Since 2016, bilateral trade has partially recovered. Russia is home to more than one-fifth of the world’s forest areas. The position of Russia among the largest trade partners of the EU in 2019 can be seen in Figure 3a. Finally, other goods are shown in green. Turkey … We are the most reliable source from where you can access 100% correct Russia trade data. According to the FAO Global Forest Resources Assessment 2015 and official Rosleskhoz data, Russia, also officially known as the Russian Federation (RF), has around 11.47 million km2 of forest land and other wooded land, which constitutes 49.8% of the total land area of Russia. 5. Investment The United States has a services trade surplus of an estimated $3.4 billion with Russia in 2019, up 6.3% from 2018. Table 1a shows the imports of goods from Russia by Member State. The partner is the country of final destination of the goods for exports and the country of origin for imports. The cover ratio for the EU was lowest in 2008 (91 %) and highest in 2016 (116 %) and was 108 % in 2018. This article is part of an online publication providing recent statistics on international trade in goods, covering information on the EU's main partners, main products traded, specific characteristics of trade as well as background information. The International Monetary Fund expects Russia's economy to … Exports tumbled 32.3 percent from a year earlier to USD 23.26 billion, led by lower shipments to both non-CIS (-34.5 percent) and CIS countries (-18.6 percent). Russia - Trade Balance Trade surplus shrinks on plummeting exports in February. The U.S. goods and services trade deficit with Russia was $13.1 billion in 2019. Data are collected by the competent national authorities of the Member States and compiled according to a harmonised methodology established by EU regulations before transmission to Eurostat. Financial accounts and Financial balance sheets. Russia - Trade Balance Trade surplus shrinks on plummeting exports in February. This is even more important in a globalised world in which economies tend to cluster together in regional groups. Monetary Policy. Despite the recent emphasis on agriculture, trade between the China and Russia has traditionally been dominated by oil and gas. Find qualified detailed Russia imports and exports data provided by Russia government customs on NCB DATA. It was the fourth largest partner for EU imports of goods (7 %), preceded by China (19 %), the United States (12 %) and the United Kingdom (10 %) and followed by Switzerland (6 %). Qatar: Foreign Merchandise Trade The foreign trade data reflects a clear image of the stages of economical growth in the State of Qatar, as it shows the commodities flow in the shape of national exports, re-exports, and imports to / from different countries of the world. In 2019, the EU had trade surpluses in machinery & vehicles (EUR 36 billion), chemicals (EUR 14 billion), other manufactured products (EUR 4 billion) and food & drink (EUR 4 billion). This page was last modified on 28 May 2020, at 14:23. Direct access to our calendar releases and historical data. The trade deficit remained throughout the whole period, reaching EUR 56 billion in 2019. By transforming the large volume of primary trade data into an accessible, user-friendly, web-based format, Trade Map provides indicators on export performance, international demand, alternative markets and the role of competitors. It shows that Russia (EUR 376 billion, 3 %) was the tenth largest exporter in the world between Canada (EUR 382 billion, 3 %) and Singapore (EUR 350 billion, 3 %). The biggest trade deficits were recorded with: China, the United States and France. Russia exported US$422.8 billion worth of goods around the globe in 2019. For extra-EU trade, the statistical information is mainly provided by the traders on the basis of customs declarations. Detailed Components (Balance of Payments Methodology) 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 … Its data-bases and publications provide access to data on trade flows, tariffs, non-tariff measures (NTMs) and trade in value added. However, Overall EU exports to Russia were in 2019 25% lower than in 2012, agri-food exports were 38% lower. Russia's trade surplus narrowed to USD 4.25 billion in July of 2020 from USD 11.05 billion in the same month of the previous year, below market expectations of a USD 5.5 billion surplus. Russia exported $21.3 Billion value products to Turkey in the Year 2018 and that was a grew of 8.42% than the last year. Turkey: The Economical statistics show that the totaled bilateral trade between Russia and Turkey was the value of $25.54 Billion.And marking a significant growth of 9.8% reached from the previous year. Russia and U.S. Trade . In 2019, Russia was the fifth largest partner for EU exports of goods (4 %) and the fourth largest partner for EU imports of goods (7 %). United States 15.4 6. (EUR 222 billion, 2 %) and Thailand (EUR 210 billion, 2 %). Trade in Russia Export trade in China Trade in the U.S. Transatlantic Trade and Investment Partnership Retail trade in Europe Statista Accounts: Access All Statistics. Russian Federation. In addition, that dollar figure represents roughly 2.2% of overall global exports estimated at $19.285 trillion for one year earlier in 2018. Russia’s top trading partners in 2019 key statistics. The WTO provides quantitative information in relation to economic and trade policy issues. Trade values are expressed in millions or billions (109) of euros. Data for the non EU-27 countries used in figures 1-3 are taken from the UNCTAD database of the United Nations. Publication date: 2020-11-15. In 2019, EU exports of manufactured goods (89 %) had a higher share than primary goods (9 %). Arab. Exports were $10.9 billion; imports were $24.0 billion. The most imported primary goods were energy (68 %), followed by raw materials (3 %) and food & drink (1 %). Figure 4 shows the exports, imports and trade balance between the EU and Russia from 2009 to 2019. The country is fairly open to foreign trade, which accounts for 51.5% of GDP (World Bank, 2018), despite strict laws and policies. The Scandinavian countries, Norway and Sweden, and Finland to the north of the Sea, are still blanketed in snow. Russia's trade surplus decreased to USD 5.29 billion in June of 2020 from USD 12.36 billion in the same month of the previous year but above market expectations of a USD 4.1 billion surplus. Try our corporate solution for free! Merchandise exports dived 19.1% year-on-year and totaled USD 28.1 in February (January: -2.6% year-on-year). That dollar amount reflects 22.9% increase since 2015 but a -5.9% drop from 2018 to 2019. Thanks to the ease of modern transport and communications, it is now easier to produce, buy and sell goods around the world which gives European companies of every size the potential to trade outside Europe. importers and exporters name, value, quantity and more shipment details EU imports from Russia were highest in 2012 (EUR 204 billion) and lowest in 2016 (EUR 114 billion). The four largest importers were the United States (EUR 2 214 billion, 16 %), the EU-27 (EUR 1 908 billion, 14 %), China (EUR 1 810 billion, 13 %) and Japan (EUR 634 billion, 5 %). 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