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Russia Trade (% GDP)

Russia's trade (% GDP) fell to 39.51% in 2024, down from 40.83% in 2023, according to World Bank. This represents a decrease of 1.32% from the previous year. Russia has the 16th lowest trade (% GDP). Within Europe, it ranks 44th out of 44 countries.

Yearly Historical Data (1989-2024)

(in %)
Year Trade (% GDP)
2024 39.51%
2023 40.83%
2022 42.78%
2021 50.59%
2020 45.97%
2019 49.23%
2018 51.58%
2017 46.88%
2016 46.52%
2015 49.36%
2014 47.8%
2013 46.29%
2012 47.15%
2011 48.04%
2010 50.36%
2009 48.44%
2008 53.38%
2007 51.71%
2006 54.73%
2005 56.71%
2004 56.58%
2003 59.13%
2002 59.65%
2001 61.11%
2000 68.09%
1999 69.39%
1998 55.77%
1997 47.26%
1996 47.92%
1995 55.18%
1994 50.95%
1993 68.7%
1992 110.58%
1991 26.26%
1990 36.11%
1989 42.91%
Russia Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Russia divided by its total economic output, shown as a percentage.
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
Net Trade (Goods & Services, BoP) $93.83B $85.56B 2024
Tariff Rate 5.51% 5.01% 2021