Highest Value Russian Export Products

Highest Value Russian Export Products

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Petroleum oils, coal, petroleum gases and metals top the list of highest value Russian export products.

Russia exporters also earned considerable cash on international markets for shipments of wheat, diamonds, gold and fertilizers.

The following list shows which Russian exports attracted the most in sales during 2017. Unlike most information currently available on the web, the items below are detailed at the 4-digit tariff code level.

More granula data on export revenues can help entrepreneurs identify precisely which products in which Russia has strong competitive advantages over other nations and also opportunities for innovation.

Highest Value Russian Export Products

Below are the 20 highest value export products shipped from Russia during 2017. Shown within brackets is the change in value for each item year over year.

  1. Crude oil: US$93.3 billion (up 26.6% since 2016)
  2. Processed petroleum oils: $58.2 billion (up 26.8%)
  3. Coal, solid fuels made from coal: $13.5 billion (up 51.9%)
  4. Iron or non-alloy steel products (semi-finished): $6 billion (up 34.9%)
  5. Wheat: $5.8 billion (up 37.4%)
  6. Aluminum (unwrought): $5.5 billion (up 9.5%)
  7. Petroleum gases: $4.7 billion (up 16.2%)
  8. Diamonds (unmounted/unset): $4.7 billion (down -2.7%)
  9. Sawn wood: $4 billion (up 24.9%)
  10. Refined copper, unwrought alloys: $3.6 billion (up 51.7%)
  11. Platinum (unwrought): $3.3 billion (up 36.7%)
  12. Hot-rolled iron or non-alloy steel products: $3.1 billion (up 26.8%)
  13. Fertilizer mixes: $2.7 billion (up 5.4%)
  14. Gold (unwrought): $2.4 billion (up 159.9%)
  15. Nitrogenous fertilizers: $2.3 billion (up 7.7%)
  16. Potassic fertilizers: $2.1 billion (up 14.7%)
  17. Whole fish (frozen): $2.1 billion (up 4.7%)
  18. Turbo-jets: $2 billion (up 29.2%)
  19. Sun/safflower/cotton-seed oil: $1.8 billion (up 23.6%)
  20. Synthetic rubber: $1.7 billion (up 35%)

Among these product categories, Russian gold posted the greatest increase in export sales via a 159.9% uptick from 2016 to 2017.

In second place was coal including solid fuels made from coal which gained 51.9%.

Close behind was refined copper and related unwrought alloys up 51.7%. Russia’s exported wheat moved ahead by 37.4% while unprocessed platinum appreciated 36.7%.

Diamonds from Russia posted the only decline among the top 20 exported products depreciated by -2.7%.

Overall, Russian exports improved in value by an average 25.1% in value year over year.

See also Russia’s Top 10 Major Export Companies, Russia’s Top 10 Imports, Russia Top Trading Partners, Top Russian Trade Balances, Russia’s Top 10 Exports and Capital Facts for Moscow, Russia

Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on March 4, 2018

The World Factbook, Field Listing: Exports and World Population, Central Intelligence Agency. Accessed on March 4, 2018

Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on March 4, 2018