Russia’s Fastest-Growing Trading Partners

russia’s fastest-growing import partners

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The following analysis highlights the Russian Federation’s fastest-growing trading partners in terms of buying Russian exported goods and is based on data for 2014. For more recent research statistics, please see the main article Russia’s Top Trading Partners.

After analyzing 2014 data for 100 countries responsible for consuming the greatest dollar value in imports from Russia, we found 16 nations that boosted their imports by over 300% since 2010.

Overall, Russian exports improved in value by 23.9% from 2010 to 2014.

Russia’s Fastest-Growing Import Partners

Listed below in descending order below are the fastest-growing import countries for Russia’s exported products. These nations boosted imports from Russia by the greatest percentages over the five-year period ending in 2014.

  1. Iraq: Up 1,477% since 2010 (US$1,695,431,000)
  2. Costa Rica: Up 1,031% ($126,791,000)
  3. Senegal: Up 1,002% ($88,744,000)
  4. Venezuela: Up 843.1% ($1,154,529,000)
  5. Trinidad and Tobago: Up 573.4% ($348,990,000)
  6. Oman: Up 560.6% ($84,739,000)
  7. South Africa: Up 522.7% ($285,019,000)
  8. New Zealand: Up 439.2% ($423,423,000)
  9. Malaysia: Up 432.8% ($1,837,070,000)
  10. Austria: Up 383.4% ($765,077,000)
  11. Moldova: Up 376.8% ($1,476,607,000)
  12. Mexico: Up 376.3% ($1,371,668,000)
  13. Dominican Republic: Up 356.5% ($105,885,000)
  14. Ecuador: Up 339.5% ($211,657,000)
  15. Serbia: Up 317.7% ($1,012,813,000)
  16. Gibraltar: Up 303.2% ($639,174,000)

Wood as well as medical and technical equipment were among the fastest-growing Russian exports to Iraq.

Processed petroleum oil was the top export gainers among Russian shipments to Costa Rica.

For Russian exports delivered to Senegal, nitrogenous mineral or chemical fertilizers and wheat posted the best sales improvements.

Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on March 30, 2015

The World Factbook, Field Listing: Imports, Central Intelligence Agency. Accessed on March 30, 2015

Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on March 30, 2015