Russia is one of the largest exporters in the world, with a diverse range of products being shipped to various countries around the globe.

The top 10 Exporting Products from Russia for the year 2023-2024 as per Russia Export Trade Data

1. Crude Oil - Undoubtedly, crude oil remains as Russia's top export product and is expected to continue dominating its exports in 2023-2024. With an estimated percentage share of over 50% in total exports, it is clear that Russia's vast reserves of oil will remain its biggest strength in the international market.

2. Natural Gas - Another energy source that contributes significantly to Russia's economy is natural gas. It holds second place on our list with an expected percentage share of approximately 20%. The demand for natural gas has been steadily rising globally due to its clean burning properties and high efficiency.

3. Refined Petroleum - As an extension of its crude oil exports, refined petroleum products are also among Russia's top exported goods. These include gasoline, diesel fuel, kerosene, and other petroleum-based products. With an anticipated percentage share of around 15%, this product category holds great importance for Russian trade.

4. Iron Ore - A key component in steel production, iron ore is another significant export commodity for Russia. It accounts for about 5% of total exports and is widely used by many countries for infrastructure development and manufacturing purposes.

5. Wheat - Agriculture plays a vital role in Russian exports as well, with wheat being one of its primary agricultural commodities. With an expected percentage share of around 3%, wheat is highly sought after by countries all over the world due to its quality and competitive pricing.

6. Coal - Despite efforts to shift towards renewable energy sources, coal remains a significant export product for Russia. It is used in various industries, including power generation and steel production, and is expected to hold a percentage share of about 2% in total exports.

7. Aluminum - The Russian aluminum industry has been growing steadily over the years, with its products being exported to numerous countries. With an estimated percentage share of 1-2%, aluminum is among the top non-energy related products exported by Russia.

8. Chemical Fertilizers - As agriculture continues to be an essential sector in Russian economy, chemical fertilizers are also among its top exported goods with share of 1.5%. They help increase crop yields and improve soil quality, making them a crucial commodity for many nations around the world.

9. Poultry Meat - In recent years, poultry meat has emerged as one of Russia's fastest-growing export products. With an expected percentage share of around 1.5%, it is evident that this industry will continue to thrive in the coming years.

10. Vehicles and Parts - With a growing automotive industry in the country, vehicles and parts have become an essential export commodity for Russia. Countries like Germany, China, and Belarus are major importers of Russian-made vehicles with an expected contribution of around 1% to overall exports.

According to Russia Export Shipment Data, it has been expanding its trade partnerships with various countries around the world, resulting in an increase in its total export value. As we look ahead to 2024, it is expected that this trend will continue and even strengthen further in this year.

The top 10 Destination Countries for Russian Exports in 2023-2024

1. China - China has consistently been Russia's top export destination country for several years now. It is expected that this trend will continue into 2023-2024, with an estimated export value of $60 billion. The main products exported to China include oil, natural gas, coal, iron ore, and seafood.

2. Germany - Germany comes second on the list with an estimated export value of $50 billion. This can be attributed to Germany's strong demand for Russian energy resources such as oil and gas.

3. Netherlands - The Netherlands has emerged as a significant trading partner for Russia in recent years, with an estimated export value of $30 billion in 2023-2024. The main products exported to the Netherlands are oil and natural gas.

4. Belarus - Being one of Russia's closest allies, Belarus holds a prominent position on this list with an estimated export value of $20 billion in 2023-2024. The two countries have a strong trade relationship mainly focused on energy resources such as petroleum products and electricity.

5. Italy - Italy is another top destination for Russian exports with an estimated value of $15 billion in 2023-2024. The main products exported to Italy include crude oil, refined petroleum products, iron ore, and steel.

6. Poland - Poland has emerged as an important market for Russian exports over the past few years, with an estimated export value of $12 billion in 2023-2024. The main products exported to Poland are oil and natural gas.

7. Turkey - Russia's trade relationship with Turkey has been steadily growing, and it is expected to continue in 2023-2024 with an estimated export value of $10 billion. The main products exported to Turkey include wheat, coal, and refined petroleum products.

8. South Korea - South Korea is also a significant trading partner for Russia, with an estimated export value of $8 billion in 2023-2024. The main products exported to South Korea are oil, coal, and iron ore.

9. United States - Despite political tensions between the two countries, the United States remains a top destination for Russian exports, with an estimated export value of $6 billion in 2023-2024. The primary products exported are non-agricultural goods such as metals and chemicals.

10. Kazakhstan - Kazakhstan completes the list with an estimated export value of $5 billion in 2023-2024.It imports a significant amount of oil and gas from Russia while exporting agricultural products to them.

How to get more details about Russia Export Data?

At Import Globals, we understand the importance of having reliable data when it comes to making informed business decisions. That's why we offer a subscription service for our comprehensive Russia Export Trade data to worldwide.

By subscribing to our service, you will have access to detailed information of Russia Export shipments globally. This includes company names, product descriptions, quantities, values, destination countries, ports etc... With the help of Russia Export Data at your fingertips, you can identify potential business partners or competitors and stay ahead of industry trends.

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