Russia is the largest country in the world with a total area of 17 million square kilometers. Russia is also known as the Russian Federation. The population growth in Russia is declining every year. In 2021, the Russian population was reached to 146.7 million.
Russia GDP in 2021 was recorded $1.5 trillion, despite its declining population growth rate. Russian country is heavily depending on natural resources such as oil and gas. In the year 2021, Russian ranks as the 16th largest importers in the world with the total importing value of approx. $220 billion.
Russia top importing products in 2021, machinery and parts, electrical equipment’s, vehicles and parts, pharma, plastics and optical instruments. Russia top import trading partners is China. In the year 2021, China alone total export with approx. $100 billion.
Other major trading partners include Germany, Belarus, Italy and Turkey. Russia has been actively trying to expand trade between other countries such as Latin America, Africa and Southeast Asia in the recent year.