Russian Federation
Asia & Middle East
Trade in Russian Federation
| The Russian Federation was the world’s 12th largest exporter of goods and 29th largest exporter of commercial services in 2022. Export values were $592.06 billion and $49.10 billion USD respectively. The Russian Federation’s top export category was Fuels and mining products, followed by Manufactures, and Agricultural products. In 2022, The Russian Federation’s main export destination markets for goods and services trade were to China, Netherlands and United Kingdom, with trade representing 43.77 per cent of GDP. In terms of imports, The Russian Federation is the world’s 31st largest importer of goods and 24th largest importer of commercial services. Import values were $276.51 billion and $70.81 billion USD respectively in 2022. The Russian Federation’s top import category was Manufactures, followed by Machinery and transport equipment and Chemicals. Leading import partners were China, Germany and United States. The Russian Federation is part of 10 different Regional Trade Agreements, including Common Economic Zone (CEZ) and Eurasian Economic Union (EAEU). |
General InformationThis section includes general information on the economy, legal system, official languages and links to additional demographic information. |
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Official Name |
Russian Federation |
Abbreviation |
RU |
Capital |
Moscow |
WTO Membership Date |
22 August 2012 |
Legal System |
civil law system; judicial review of legislative acts |
Language |
Russian |
Number of Time Zone(s) |
11 |
Additional Information | |
Financial InformationThis section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance. |
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Currency |
Russian ruble |
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Exchange Rate |
Google Finance Currencies |
Contact InformationThis section includes contact information for business support organizations and national resources. |
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Business Support Organizations |
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Government MSME Agency |
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SPS Enquiry Points Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements. |
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TBT Enquiry Points Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements. |
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Additional Information |
ePing alert |
Links to other helpful resourcesThis section includes additional links to trade-related resources. |
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National Tariff Finder |
http://www.eurasiancommission.org/en/act/trade/catr/ttr/Pages/default.aspx |
Last Reviewed: June, 2024
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