Russia’s Top 10 Major Export Companies

The Kremlin, Moscow

The Kremlin, Moscow

Six of Russia’s 10 largest export players compete in the global petroleum industry. Two gigantic Russian chemicals firms also rank among the country’s top 10 exporters.

To give some contextual perspective on recent company performance, the overall value of Russian exported goods declined by -45.6% from US$524.8 billion in 2012 to $285.5 billion during 2016.

In the analysis below, we compare Russia’s top 10 export companies based on asset values, sales and profitability as of May 2017. Also specified is the Russian city where each business has its headquarters.

Russia’s Top 10 Major Export Companies


Below are Russia’s biggest export companies organized by asset value. Shown within parentheses is the primary industry in which each company operates. Also shown is the change in asset value as of May 2017 compared to 2016.

  1. Gazprom (oil, gas): US$265.4 billion, up 6.1% from 2016
  2. Rosneft (oil, gas): $193.2 billion, up 41.1%
  3. LukOil (oil, gas): $83.2 billion, up 19.5%
  4. Surgutneftegas (oil, gas): $60.9 billion, down -1%
  5. Transneft (oil services, equipment): $45.6 billion, up 24.3%
  6. Norilsk Nickel (diversified metals, mining): $16.5 billion, up 22.8%
  7. Novatek (oil, gas): $15.8 billion, up 30.9%
  8. UC Rusal (aluminum): $14.6 billion, up 22.5%
  9. Uralkali (specialized chemicals): $8.9 billion, down -32.7%
  10. Magnitogorsk Iron & Steel (iron, steel): $6.22 billion, down -56.8%

Seven of these Russian multinationals grew their asset values from 2016 to May 2017, ranging from 6.1% for Gazprom up to 41.1% for another oil and gas giant Rosneft.

Three other major Russian businesses posted decreases in their asset size: -1% for Surgutneftegas, -32.7% for Uralkali and a massive -56.8% loss for Magnitogorsk Iron & Steel.


Sales is the life blood of all business, but particularly for firms that compete in international trade. Yet only one of Russia’s largest export-oriented companies increased its year-over-year sales as of May 2017 via oil and gas competitor Novatek’s modest 2.7% asset gain.

  1. Gazprom: US$91.4 billion, down -10.5% from 2016
  2. Rosneft: $74.9 billion, down -7.3%
  3. LukOil: $74.6 billion, down -17.5%
  4. Surgutneftegas: $13.9 billion, down -27%
  5. Transneft: $12.7 billion, down -4.8%
  6. Norilsk Nickel: $8.2 billion, down -3.2%
  7. Novatek: $8 billion, up 2.7%
  8. UC Rusal: $8 billion, down -8.3%
  9. Magnitogorsk Iron & Steel: $5.6 billion, down -33.6%
  10. Uralkali: $2.3 billion, down -31.2%

Sales declines ranged from -3.2% for diversified metals miner Norilsk Nickel up to -31.2% for specialized chemicals supplier Uralkali and -33.6% for Russian materials producer Magnitogorsk Iron & Steel.


All of of Russia’s top 10 major export companies managed to remain profitable as of May 2017.

  1. Gazprom: US$12.1 billion, up 147.8% from 2016
  2. Surgutneftegas: $7.8 billion, down -61.6%
  3. Novatek: $3.9 billion, up 220.8%
  4. Transneft: $3.5 billion, up 51.3%
  5. Rosneft: $2.7 billion, down -53.4%
  6. LukOil: $3.1 billion, down -35.6%
  7. Norilsk Nickel: $2.5 billion, up 49.4%
  8. Uralkali: $1.5 billion, up 20.8%
  9. UC Rusal: $1.2 billion, up 111.4%
  10. Magnitogorsk Iron & Steel: $1.1 billion, reversing a -$400.3 million loss

Six of Russia’s top 10 major export companies managed to boost their bottom-line black ink in the latest May 2017 period ranging from a 20.8% gain for specialized chemicals supplier Uralkali up to a 220.8% increase for oil and gas leader Novatek.

There was even more good news for Magnitogorsk Iron & Steel which recovered from its -$400.3 million loss in 2016 to earn a healthy $1.1 billion profit at May 2017.

Russian oil and gas company Surgutneftegas led in profit shrinkage, with a -61.6% decline from the $20.2 billion in profit for 2016.


Seven of Russia’s top 10 major export companies have their headquarters located in its capital city, Moscow.

  1. Gazprom: Moscow
  2. LukOil: Moscow
  3. Magnitogorsk Iron & Steel: Moscow
  4. Norilsk Nickel: Moscow
  5. Novatek: Tarko-Sale
  6. Rosneft: Moscow
  7. Surgutneftegas: Surgut
  8. Transneft: Moscow
  9. UC Rusal: Moscow
  10. Uralkali: Berezniki


Note some of the above company offerings may include products other than the principal category shown within parenthesis under the Assets tab.

For example, Norilsk Nickel produces not only nickel but also palladium, platinum and copper as well as metal byproducts such as cobalt, chromium, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium and sulfur.

Similarly, Magnitogorsk Iron & Steel also mines and refines coal.

See also Russia’s Top 10 Imports, Russia Top Trading Partners, Top Russian Trade Balances and Russia’s Top 10 Exports

Research Sources:
Forbes 2017 Global 2000 individual company profiles, Example of top Russian company compiled for this study: Gazprom. Accessed on January 24, 2018

Forbes 2017 Global 2000 rankings, The World’s Biggest Public Companies. Accessed on January 24, 2018

Trade Map, International Trade Centre. Accessed on January 24, 2018

Wikipedia, Category: Companies of Russia. Accessed on January 24, 2018

Wikipedia, List of companies of Russia. Accessed on January 24, 2018