Who is Russia's biggest trader?
Major trade partners of Russia 2021, by value
Russia's leading five export partners in 2022 were China, Turkey, India, Italy, and Germany. The value of total exports from Russia to its major trade partner — China — exceeded 114 billion U.S. dollars in 2022.
Russia's five main import partners in 2022 were China, Germany, Turkey, Kazakhstan, and Italy. The value of Russia's imports from its top partner China amounted to over 76.1 billion U.S. dollars in that year.
The greater part of Russian exports belongs to oil and petroleum products. Other leading exports are natural gas, timber, fertilizers, machinery and equipment, armaments. The foreign countries receive from Russia over 300 million tons of oil and approximately 250 billion cubic meters of gas.
| Rank | Country | Total Trade |
|---|---|---|
| --- | Total, All Countries | 303.6 |
| --- | Total, Top 15 Countries | 226.5 |
| 1 | China | 51.4 |
| 2 | Canada | 44.9 |
Russia benefits from an array of allies, partners, and fellow travelers, including Belarus, China, India, Iran, and North Korea. Top Russian allies include China, India, and Belarus.
| Market | Trade (US$ Mil) | Partner share(%) |
|---|---|---|
| China | 68,679 | 13.95 |
| Netherlands | 42,145 | 8.56 |
| Germany | 29,646 | 6.02 |
| Turkey | 26,426 | 5.37 |
| Market | Trade (US$ Mil) | Partner share(%) |
|---|---|---|
| United States | 577,125 | 17.16 |
| Hong Kong, China | 349,442 | 10.39 |
| Japan | 165,823 | 4.93 |
| Korea, Rep. | 148,847 | 4.43 |
The oil and gas sector accounted up to roughly 34% of Russia's federal budget revenues, and up to 54% of its exports in 2021. Russia has the world's 5th-largest number of billionaires.
The main commodities imported to Russia were nuclear reactors, boilers, machinery, and mechanical appliances, with imports worth 33.71 billion U.S. dollars in 2022.
What does US buy from Russia?
Russia-United States In 2022, Russia exported $15B to United States. The main products that Russia exported to United States were Refined Petroleum ($4.73B), Platinum ($1.84B), and Nitrogenous Fertilizers ($945M).
| # | Export product | Value ($) |
|---|---|---|
| 1 | Crude Petroleum | 121,443 |
| 2 | Refined Petroleum | 66,887 |
| 3 | Unspecified commodities | 55,265 |
| 4 | Coal | 15,987 |
Russia's trade with the United States has tumbled in just the last two years to levels not seen since right after the demise of the Soviet Union three decades ago. U.S. exports to Russia have fallen 91% and imports 85% when comparing the first 11 months of 2023 with the same time period in 2021.
China, Canada and Mexico are the country's largest trading partners, accounting for nearly $1.9 trillion worth of imports and exports.
- Top 10 Traders in India.
- Premji and Associates. ...
- Radhakrishnan Damani. ...
- Rakesh Jhunjhunwala. ...
- Raamdeo Agrawal. ...
- Mukul Agrawal. ...
- Sunil Singhania. ...
- Ashish Dhawan.
The top five purchasers of U.S. goods exports in 2022 were: Canada ($356.5 billion), Mexico ($324.3 billion), China ($150.4 billion), Japan ($80.2 billion), and the United Kingdom ($76.2 billion).
Similarly, a 2017 opinion poll by the Moscow-based non-governmental think tank Levada-Center states that Russians identified India as one of their top five "friends", with the others being Belarus, China, Kazakhstan and Syria.
The long border between the two countries means that peace and security in that region are important to the U.S.'s national security and international trade. The U.S. is Mexico's biggest trading partner and Mexico is the U.S.'s largest trading partner as of 2023.
India: Historical Ties to Russia
And yet, just like China, India has increased imports of Russian gas and oil since February of 2022, indirectly helping finance the Kremlin's military. India has also abstained from voting on nearly every resolution condemning Russian aggression at the UN.
Russia's main exports are: fuels and energy products (63 percent of total shipments, of which crude oil and natural gas accounted for 26 percent and 12 percent respectively); metals (10 percent); machinery and equipment (7.4 percent); chemical products (7.4 percent) and foodstuffs and agricultural products (5 percent).
Who is Canada's largest trade partner?
Canada - Market Overview. The United States and Canada enjoy the world's largest and most comprehensive trading relationship that supports millions of jobs in each country and constitutes a US$1.95 trillion bilateral trade and investment relationship.
Russia's 2023 total exports fell by 28.3% to $425.1 billion with supplies to Europe down 68% to $84.9 billion, according to the data. Meanwhile, exports to Asia rose by 5.6% to $306.6 billion while the share of this region in Russia's exports climbed to 72% from 49% in 2022.
The most common destination for the exports of China are United States ($551B), Hong Kong ($276B), Japan ($178B), Germany ($152B), and South Korea ($150B).
In 2021, of $151.1 billion in the U.S. exports to China, the top commodity were Machinery and Mechanical Appliances (23.9% of the total U.S. exports), Agriculture (20.9%), and Chemicals, Plastics, Rubber and Leather Goods (16.6%).
China's status as Saudi Arabia's biggest trading partner makes sense considering its recent economic growth and focus. China is the largest buyer of crude oil in the world, and it buys more from the Saudi Arabia than anywhere else.
