Based on statistics from the International Monetary Fund’s World Economic Outlook Database, Russia’s total Gross Domestic Product amounted to $2.553 trillion in 2013.
Therefore, exports accounted for about 20.6% of total Russian economic output.
Given Russia population of 142.5 million people, the total $526.4 billion in 2013 Russian exports translates to roughly $3,695 for every person in the country. This compares with a benchmark $2,545 in exports per person for the world’s total exports (assuming an estimated global population of 7,095,217,980 per the CIA World Factbook).
Russia’s Top 10 Exports
The following export product groups represent the highest dollar value in Russian global shipments during 2013. Also shown is the percentage share each export category represents in terms of overall exports from Russia.
- Mineral fuels including oil: $304,559,452,000 (57.9% of total exports)
- Iron and steel: $20,050,729,000 (3.8%)
- Pearls, gems, precious metals and coins: $14,367,047,000 (2.7%)
- Fertilizers: $9,119,157,000 (1.7%)
- Machinery: $8,815,393,000 (1.7%)
- Wood: $7,324,251,000 (1.4%)
- Aluminum: $7,181,742,000 (1.4%)
- Inorganic chemicals: $5,009,209,000 (1%)
- Copper: $4,962,945,000 (0.9%)
- Electronic equipment: $4,914,638,000 (0.9%)
All 10 of Russia’s top exports posted double-digit gains over the 2009 to 2013 period, the slowest of which was Russian aluminum at 24%.
The top grower among the leading exports was non-industrial diamonds under pearls, gems, precious metals and coins — an export product category up 257.2%. Inorganic chemicals were in second place (up 126.4%) followed by machinery exports (up 65.7%)
Russia’s unemployment rate was 5.8% in 2013.
Please note that the results listed above are at the 2-digit Harmonized Tariff System code level.
See also Russia Top Import Partners, Fastest-Growing Russian Export Products and Highest Value Russian Export Products
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on March 24, 2014
The World Factbook, Field Listing: Exports and World Population, Central Intelligence Agency. Accessed on March 24, 2014
Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on March 24, 2014