Imports and Exports in/from Russia

Russia 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. 

 

 

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 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. 

 

Investors who need to receive more details on the imports and exports activities in Russia can contact our team of company incorporation representatives.