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Russia Net Trade (Goods & Services, BoP)

Russia's net trade (goods & services, bop) rose to $93.83 billion in 2024, up from $85.56 billion in 2023, according to World Bank. This represents an increase of 9.7% ($8.27 billion) from the previous year. Russia has the 6th highest net trade (goods & services, bop). Within Europe, it ranks 4th out of 44 countries.

Yearly Historical Data (1994-2024)

(in Billion USD)
Year Net Trade (Goods & Services, BoP) (Billion USD)
2024 93.83
2023 85.56
2022 293.49
2021 172.79
2020 76.65
2019 129.33
2018 164.98
2017 83.23
2016 66.26
2015 111.25
2014 133.65
2013 122.31
2012 145.08
2011 163.4
2010 120.87
2009 95.63
2008 157.21
2007 106.73
2006 123.74
2005 104.56
2004 72.33
2003 46.68
2002 34.81
2001 37.16
2000 52.05
1999 29.97
1998 12.2
1997 8.21
1996 15.46
1995 10.65
1994 11.01
Russia Net Trade (Goods & Services, BoP) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services in Russia, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.
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
Exports (% GDP) 21.92% 22.49% 2024
FDI Inflows (% GDP) -0.38% -0.48% 2024
Imports $24.1B $25.3B Aug'25
Imports (% GDP) 17.59% 18.34% 2024
Tariff Rate 5.51% 5.01% 2021
Trade (% GDP) 39.51% 40.83% 2024