Top Russian Exports & Imports

Most Popular Products Traded Between Russia & America

Jun 30, 2007
Daniel Workman

Cathedral of Christ the Saviour, Moscow, Russia - chrissiekm morguefile.com 132910

Petroleum products comprise over half of Russian exports to the U.S. while iron, steel & railway equipment are the fastest-growing imports into Russia from America.

Russia exported US$19.8 billion worth of merchandise to the United States in 2006, up 29% from 2005 and up 187% in just 4 years.

Russian imports from the U.S. rose 27% to $10.1 billion in 2006, up 97% since 2002.

In terms of the merchandise flow between the two countries, America’s trade deficit with Russia was $15.1 billion in 2006, up 237% from 2002. The U.S. trade deficit with Russia increased 32.9% in 2006 – up from the 27% deficit increase in 2005 from the year earlier.

Russia 's Exports to U.S.

Of the $19.8 billion in American imports from Russia in 2006, the following product categories had the highest values.

Oil & other petroleum products …US$10 billion (50.5% of Russia to U.S. exports, up 25.2% from 2005)
Aluminum … $1.8 billion (9.3%, up 5.9%)
Semi-finished iron & steel products … $1.5 billion (7.7%, up 128.4%)
Nuclear fuels … $866.3 million (4.4%, down 0.6%)
Finished metal products other than steel … $852.9 million (4.3%, up 78.3%)
Precious metals … $697.6 million (3.5%, up 23.1%)
Nickel … $645.3 million (3.3%, up 85.5%)
Steelmaking materials … $635.6 million (3.2%, up 56.5%)
Fertilizers, pesticides & insecticides … $395 million (2.0%, up 22.9%)
Fish & shellfish … $375.3 million (2.0%, up 18.5%)

Fastest-Growing Russian Exports to U.S.

Below are American imports from Russia in 2006 with the highest percentage sales increases from 2005.

Military aircraft & parts … US$10.4 million (up 677.6% from 2005)
Railway transportation equipment … $50.3 million (up 237%)
Civilian aircraft parts … $42.4 million (up 233.4%)
Soft beverages & processed coffee … $7.6 million (up 215.1%)
Generators, transformers & accessories … $8 million (up 166.3%)

Russia's Imports from U.S.

Of the $10.1 billion in American exports to Russia in 2006, the following product categories had the highest values.

Meat incl. poultry … US$636.7 million (13.5% of Russia from U.S. imports, down 15% from 2005)
Passenger cars … $399.3 million (8.5%, up 25.1%)
Civilian aircraft … $384.3 million (8.1%, up 222.6%)
Oil field drilling equipment … $319.6 million (6.8%, up 2.3%)
Excavating machinery … $170.7 million (3.6%, down 5.1%)
Computer accessories … $155.1 million (3.3%, up 9.9%)
Agricultural machinery … $148.1 million (3.1%, up 1.8%)
Service industry machinery … $125.2 million (2.7%, up 48.8%)
Trucks, buses & special purpose vehicles … $117 million (2.5%, up 48%)
Materials handling equipment … $98.6 million (2.1%, up 96.5%)

Fastest-Growing Russian Imports from U.S.

Below are American exports to Russia in 2006 with the highest percentage sales increases from 2005.

Iron & steel products … US$2.9 million (up 482% from 2005)
Railway transportation equipment … $18.7 million (up 598%)
Engines & parts … $70.1 million (up 322%)
Coal … $3.8 million (up 1227%)
Civilian aircraft … $384.3 million (up 223%)
Synthetic rubber … $3 million (up 217%)

Sources

This analysis is based on latest statistics from the US Census Bureau - Foreign Trade Statistics and CIA World Factbook as of the date of article publication.