Who is Russia's biggest trading partner? (2024)

Who is Russia's biggest trading partner?

Major trade partners of Russia 2021, by value

Who is Russia's largest trade partner?

Russia's leading five export partners in 2022 were China, Turkey, India, Italy, and Germany. The value of total exports from Russia to its major trade partner — China — exceeded 114 billion U.S. dollars in 2022.

Who does Russia mainly trade with?

The most recent exports are led by Crude Petroleum ($133B), Petroleum Gas ($71.5B), Refined Petroleum ($67.4B), Coal Briquettes ($36.5B), and Gold ($14.6B). The most common destination for the exports of Russia are China ($101B), India ($40.4B), Germany ($27.7B), Turkey ($25.3B), and Italy ($25.1B).

Who is Russia's biggest importer?

Russia's five main import partners in 2022 were China, Germany, Turkey, Kazakhstan, and Italy. The value of Russia's imports from its top partner China amounted to over 76.1 billion U.S. dollars in that year.

Who is Russia's partner country?

With countries traditionally considered Western aligned, Russia maintains positive relations with Hungary, Serbia,Azerbaijan, Turkey, Bahrain, Kuwait, Qatar, Egypt, Saudi Arabia, Oman, and the United Arab Emirates.

Who are Russia's top 5 import partners?

Who are Russia's biggest allies?

Russia benefits from an array of allies, partners, and fellow travelers, including Belarus, China, India, Iran, and North Korea. Top Russian allies include China, India, and Belarus.

Where does Russia get its money from?

The oil and gas sector accounted up to roughly 34% of Russia's federal budget revenues, and up to 54% of its exports in 2021. Russia has the world's 5th-largest number of billionaires.

Is Russia richer than China?

At purchasing power parity, that is, at the purchasing power of U.S. dollars inside the United States, China still lags Russia in terms of per capita income.

What does US buy from Russia?

Russia-United States In 2022, Russia exported $15B to United States. The main products that Russia exported to United States were Refined Petroleum ($4.73B), Platinum ($1.84B), and Nitrogenous Fertilizers ($945M).

What does Russia produce the most?

Crude oil is Russia's biggest export, accounting for $123 billion of its export revenues, data for 2019 shows.

What is the number 1 most traded good in the world?

What is Russia's largest industry?

Who is backing Russia?

India: Historical Ties to Russia

And yet, just like China, India has increased imports of Russian gas and oil since February of 2022, indirectly helping finance the Kremlin's military. India has also abstained from voting on nearly every resolution condemning Russian aggression at the UN.

Does China support Russia?

China is helping Russia ramp up its defense industrial base at such a large scale that Moscow is now undertaking its most ambitious expansion in military manufacturing since the Soviet era as it continues its war against Ukraine, according to senior Biden administration officials.

Does Russia support Israel?

Russia supports two-state solution for Israeli–Palestinian conflict and has relations with several Palestinian political parties. Russia does not consider Hamas as a terrorist organization and continues to diplomatically negotiate with them.

Who is Canada's largest trade partner?

Canada - Market Overview. The United States and Canada enjoy the world's largest and most comprehensive trading relationship that supports millions of jobs in each country and constitutes a US$1.95 trillion bilateral trade and investment relationship.

What does Russia import a lot of?

Russia imports machinery and equipment, vehicles, consumer goods, foodstuffs, chemical products, industrial consumer goods. Major trading partners of Russia are Germany, Italy, China, Turkey, Poland, Switzerland, United Kingdom, United States, and Finland.

Who is Russia exporting to?

Russia's 2023 total exports fell by 28.3% to $425.1 billion with supplies to Europe down 68% to $84.9 billion, according to the data. Meanwhile, exports to Asia rose by 5.6% to $306.6 billion while the share of this region in Russia's exports climbed to 72% from 49% in 2022.

Who is Mexico's biggest ally?

Are China and Russia allies?

On the basis of non-alliance, non-confrontation and not targeting any third party, China and Russia strive for lasting good-neighborliness and friendship and seek to deepen their comprehensive strategic coordination.

Who are Japan's allies?

Is Russia a rich or Poor country?

In 2021 Russian per capita GDP was $11,273, which is $3,490 less than in 2013. In 2021, the U.S. reached $69,379 GDP per capita, in 2020 it was $32,997 in the EU. And in 2021, even China put itself ahead of Russia with a per capita GDP of $11,891.

What is Russia's greatest source of wealth?

Natural Resources, Economy of Russia

This fact places Russia on a special place among industrialized countries. Natural resources used by the economy of Russia account for 95.7% of national wealth. There are large deposits of fuel and energy resources: oil, natural gas, coal and uranium ore.

How much has Russia lost in the war?