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 from shipments of wheat, diamonds, gold and fertilizers.

The following list shows which Russian exports attracted the most in sales during 2016. 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.

Russia was the world’s fifteenth-largest exporter in 2015. (Not all countries had reported results for 2016 when this article was published.)

Highest Value Russian Export Products

Below are the 20 highest value export products shipped from Russia during 2016. Shown within brackets is the change in value for each item over the 7-year period ending in 2016.

  1. Crude oil: US$73.7 billion (down -21.3% since 2009)
  2. Processed petroleum oils: $46 billion (down -2%)
  3. Coal, solid fuels made from coal: $8.9 billion (up 20.9%)
  4. Aluminum (unwrought): $5 billion (down -3.3%)
  5. Diamonds (unmounted/unset): $4.8 billion (up 304.7%)
  6. Iron or non-alloy steel products (semi-finished): $4.5 billion (down -7%)
  7. Wheat: $4.2 billion (up 53.1%)
  8. Petroleum gases: $4.1 billion (down -90.1%)
  9. Sawn wood: $3.2 billion (up 22.6%)
  10. Fertilizer mixes: $2.6 billion (up 36.1%)
  11. Hot-rolled iron or non-alloy steel products: $2.4 billion (down -14.9%)
  12. Refined copper, unwrought alloys: $2.4 billion (down -3.6%)
  13. Platinum (unwrought): $2.4 billion (up 172.5%)
  14. Nitrogenous fertilizers: $2.2 billion (up 9.1%)
  15. Whole fish (frozen): $2 billion (up 51%)
  16. Potassic fertilizers: $1.9 billion (up 16.3%)
  17. Nickel (unwrought): $1.7 billion (down -52.2%)
  18. Turbo-jets: $1.5 billion (up 48.4%)
  19. Sun/safflower/cotton-seed oil: $1.4 billion (up 149.8%)
  20. Rough wood: $1.4 billion (down -26.2%)


 
Among these product categories, Russian diamonds posted the greatest increase in export sales up 304.7% from 2009 to 2016.

In second place was unwrought platinum which gained 172.5% over the same 7-year period.

Sun, safflower or cotton-seed oil showed an impressive 149.8% gain. Russia’s exported wheat moved ahead by 53.1% while frozen whole fish exports appreciated 51%.

Overall, Russian exports declined in value an average -5.4% in value from 2009 to 2016.

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 17, 2017

The World Factbook, Field Listing: Exports and World Population, Central Intelligence Agency. Accessed on March 17, 2017

Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on March 17, 2017