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Russia Exports (% GDP)

Russia's exports (% GDP) fell to 21.92% in 2024, down from 22.49% in 2023, according to World Bank. This represents a decrease of 0.57% from the previous year. Russia has exports (% GDP) lower than the global median (21.92% vs median 37.25%). Compared with the median in Europe, Russia is lower (21.92% vs regional median 53.65%) and ranks 44th out of 44 countries in Europe.

Russia's imports (% GDP) fell to 17.59% in 2024, down from 18.34% in 2023.

Yearly Historical Data (1989-2024)

(in %)
Year Exports (% GDP)
2024 21.92%
2023 22.49%
2022 27.72%
2021 30%
2020 25.52%
2019 28.43%
2018 30.79%
2017 26.09%
2016 25.85%
2015 28.7%
2014 27.11%
2013 25.85%
2012 26.91%
2011 28.06%
2010 29.22%
2009 27.94%
2008 31.31%
2007 30.16%
2006 33.73%
2005 35.2%
2004 34.42%
2003 35.25%
2002 35.21%
2001 36.89%
2000 44.06%
1999 43.22%
1998 31.22%
1997 24.73%
1996 26.07%
1995 29.29%
1994 27.76%
1993 38.2%
1992 62.32%
1991 13.27%
1990 18.16%
1989 21.9%
Russia Exports (% GDP) : Definition
Exports (% GDP) measures the value of goods and services sold abroad by Russia compared to its total economic output.
Indicator Last Value Prior Value Period
Annual Exports $492.31B $337.1B 2021
Annual Imports $293.5B $231.66B 2021
Balance of Trade $7.5B $12.7B Aug'25
Exports $31.5B $38B Aug'25
FDI Inflows (% GDP) -0.38% -0.48% 2024
Imports $24.1B $25.3B Aug'25
Imports (% GDP) 17.59% 18.34% 2024
Net Trade (Goods & Services, BoP) $93.83B $85.56B 2024
Tariff Rate 5.51% 5.01% 2021
Trade (% GDP) 39.51% 40.83% 2024