Russia (RUS) and United States (USA) Trade | The Observatory of Economic Complexity (2024)

Overview In January 2022, Russia exported $968M and imported $1.31B from United States, resulting in a negative trade balance of $343M. Between January 2021 and January 2022 the exports of Russia have increased by $281M (40.8%) from $688M to $968M, while imports increased by $551M (72.5%) from $760M to $1.31B.

Trade In January 2022, the top exports of Russia to United States were Refined Petroleum ($300M), Platinum ($211M), Commodities not elsewhere specified ($33.3M), Raw Aluminium ($18.9M), and Crude Petroleum ($17.2M). In January 2022 the top imports of Russia from United States were Cars ($102M), Commodities not elsewhere specified ($96.1M), Vaccines, blood, antisera, toxins and cultures ($33.4M), Packaged Medicaments ($33M), and Motor vehicles; parts and accessories (8701... ($32.2M).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($435M), PERM TERRITORY ($77.1M), KHANTY-MANSIYSK AUTONOMOUS AREA ($49.3M), SVERDLOVSK REGION ($39.5M), and VOLOGDA REGION ($37.9M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($854M), ST. PETERSBURG ($117M), MOSCOW REGION ($94.2M), NOVOSIBIRSK REGION ($43.2M), and REPUBLIC OF TATARSTAN ($33.3M).

Growth In January 2022, the increase in Russia's year-by-year exports to United States was explained primarily by an increase in product exports in Platinum ($35.3M or 20.2%), Raw Aluminium ($7.3M or 63.1%), and Commodities not elsewhere specified ($6.59M or 24.7%). In January 2022, the increase in Russia's year-by-year imports from United States was explained primarily by an increase in product imports in Cars ($30.8M or 43.5%), Packaged Medicaments ($29.2M or 756%), and Vaccines, blood, antisera, toxins and cultures ($22.7M or 213%).

Russia (RUS) and United States (USA) Trade | The Observatory of Economic Complexity (2024)
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