is one of the most important economies of the world; one of its main Gross Domestic Product (GDP) providers is represented by the import and export activities
. The most representative products exported by Russia
to its trading partners
are the following: oil and petroleum products, gas, steel, various metals and minerals. Foreign investors who are interested in the trading activities
carried out by Russia
can receive an in-depth presentation from our team of Russian company formation specialists
Characteristics of the trading market in Russia
Foreign businessmen who want to open a company in Russia
in the field of trading
should know the main characteristics of the import-export activities
carried out here. The most important trading partner of Russia
is the European Union, with which the state signed a Partnership and Cooperation Agreement, regulating the political and economic relationships established between the parties. The economic relation between Russia
and the European Union (EU) is very important, as Russia
is the third largest trading partner of the Eurozone.
The EU exports to Russia
mainly machinery, chemicals and medicines, while Russia
exports to EU raw materials, such as oil and gas; our team of company formation consultants
can offer more details in this sense.
Russia’s top import partners in 2015
Russia trades with many partners – a part of them represented by member states of the EU. The following countries were, at the level of 2015, the top import partners:
• the Netherlands - $38;7 billion;
• China - $27,3 billion;
• Germany – $24,6 billion;
• Italy – $21,8 billion;
• Turkey - $21,8 billion;
• Belarus - $15 billion;
• Japan - $14,2 billion;
• South Korea - $13,1 billion;
• Kazakhstan - $10,5 billion;
• Poland - $9,5 billion.
Russian imports were represented in 2015 by the following products:
• machinery - 18,8% of the total imports;
• electronic equipment – 11,6%;
• vehicles – 8,4%;
• pharmaceuticals – 4,7%;
• plastics – 4,2%.
The trading agreement signed by Russia with the EU has positive results on both economies at it should be mentioned that more than 70% of the foreign direct investment on the Russian market is represented by EU investments.