EXPORT D ATA S O F RUSSIA РОССИЯ 🇷🇺 WHAT IS EXPORT? In global trade, exporting is the process by which companies sell their goods and services from one country to companies or consumers in a different country. HOW CAN WE FIND A COUNTRY’S EXPORT DATA? • There are many sections and websites that can be used to find that data. One of them is Trademap.org which furnishes much of a country’s export information; you can observe data in much more detail by overlooking the HS CODES. WHAT IS HARMONIZED SYSTEM (HS CODES)? • In substance, the harmonized system is an internationally accepted product classification system. EXPORT DATAS OF RUSSIA As we can observe from the table, Russia exported the most value of more or less 492 trillion dollars in 2021. WHAT ARE RUSSIA’S MAJOR EXPORTS? • Geographically, since Russia has spacious areas and opulent oil resources, its main exports are mineral fuels and oils. 3/10/2023 7 WHAT ARE RUSSIA’S MAJOR EXPORTS? • • According to the table of the 2021 year, the second largest export commodities were pearls, stones, and other precious metals with a value of nearly 32 billion U.S. dollars in the period observed. WHO IS RUSSIA’S LARGEST TRADING PARTNERS? The leading foreign trade partners of Russia are – China with a share of 14.6% ($48.8 Billion), Netherlands with a share of 7.40% ($24.7 Billion), United Kingdom with a share of 6.90% ($23.1 Billion), Germany with a share of 5.50% ($18.5 Billion), Belarus with a share of 4.80% ($15.9 Billion), and so on. TOP FIVE PRODUCTS Here are the top five products that Russia exported from 2017 to 2021. Mineral fuels, mineral oils, and products of their distillation are ahead by far. WHAT IS THE NUMBER 1 EXPORT OF RUSSIA? # Export product Value ($) 1 Crude Petroleum 121,443 2 Refined Petroleum 66,887 3 Unspecified commodities 55,265 4 Coal 15,987 For all years and as the table suggests, it can be assumed that Russia’s primary export product is «Crude Petroleum» with a value of more or less 121 thousand dollars. LIST OF IMPORTING MARKETS FOR A PRODUCT BY THE RUSSIAN FEDERATION Product: 27 Mineral fuels, Mineral oils, and Products of their distillation; bituminous substances. __________________________________ 27 is the hs code of that product.