Russia

Russia spans across the Eurasian continent and is the largest country in the world by land area. Its national border stretches 60,933 kilometers, with a coastline of 38,807 kilometers along 12 seas of the Atlantic, Arctic, and Pacific Oceans. Russia shares a land border of 14,509 kilometers with 14 countries. In the south and southeast, it borders China and North Korea, Kazakhstan, Mongolia, Georgia, and Azerbaijan to the south, Ukraine to the southwest, and Finland, Belarus, Estonia, Latvia, Lithuania, and Norway to the west. The Kaliningrad region is adjacent to Poland and Lithuania. To the east, Russia faces Japan and the United States across the sea.

Russia is rich in natural resources, including coal, iron, peat, oil, natural gas, copper, manganese, lead, and zinc. Non-metallic minerals are also abundant, with significant reserves and production of asbestos, graphite, mica, magnesite, corundum, iceland spar, gemstones, and diamonds.

Oil and Gas Industry
The price of Ural crude oil is a crucial factor for Russia's national budget. Major companies in the oil and gas sector include Gazprom, Lukoil, Rosneft Oil, Surgutneftegas, and Transneft.

Metallurgical Industry
The metallurgical industry contributes about 5% to Russia’s GDP and 18% to industrial output. Metallurgical products are one of Russia’s main exports. In terms of export revenue, the metallurgical industry accounts for nearly 10% of all sectors, second only to the fuel and energy sector. Key companies in the metallurgical industry include Norilsk Nickel, Rusal, Severstal, and Euroasia.

Due to the Ukraine crisis, the Russian Federal Customs Service has suspended the publication of foreign trade data.

2022 Russia Import and Export Data
In 2022, Russia's total trade in goods amounted to $850.6 billion, up 8.1% year-on-year, with a surplus of $332.4 billion. Exports were $591.5 billion, up 19.9% year-on-year, while imports were $259.1 billion, down 11.7% year-on-year. In 2022, Russia only published partial import and export data. Mineral fuel exports totaled $383.73 billion, accounting for 64.9% of Russia’s total exports. Other main exports included agricultural products (7%), ferrous metals (4.1%), fertilizers (3.3%), precious stones (3.1%), aluminum products (1.6%), and wood products (1.5%). Major imports included nuclear reactors, boilers, machinery, and mechanical appliances valued at $47.28 billion, accounting for 18.2% of Russia’s total imports. Other significant imports were agricultural products (13.4%), electrical machinery (11.5%), pharmaceuticals (6.2%), plastics (5.7%), and ferrous metals (4.2%).

2024.1-5 China-Russia Import and Export Data
From January to May 2024, the trade volume between China and Russia was $96.509 billion, up 2.9% year-on-year. In May, the trade volume was $19.81 billion, down 3.8% year-on-year. China’s exports to Russia were $9.09 billion, down 1.1% year-on-year, while imports from Russia were $10.73 billion, down 5.9% year-on-year, with a net import of $1.64 billion. The top three export products from China to Russia from January to May 2024 were electronic devices, transportation equipment, and chemical products, with exports of $16.72 billion, $9.19 billion, and $4.95 billion, respectively. These accounted for 40.0%, 22.0%, and 11.8% (totaling 73.9%) of total exports to Russia, with year-on-year growth rates of -3.3%, 10.4%, and -9.1%, respectively. The top three import products from Russia were minerals, metal products, and agricultural products, with imports of $42.73 billion, $3.96 billion, and $3.24 billion, respectively, accounting for 78.1%, 7.2%, and 5.9% (totaling 91.2%) of total imports from Russia.

Blooming Trade Data provides up-to-date Russian customs data, including information on importers and exporters (contact persons, contact details, detailed addresses), details of imported and exported goods, shipping information, sales volume, sales quantities, and unit prices. This data effectively helps to understand the local importers and exporters in Russia.