2022
Flag  
GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH
1.45%CURRENT US$
Rnk 164 / 186
2022
Flag
 GDP
$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH
15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
GDP PC 
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH
-0.49%CURRENT US$
Rnk 145 / 186
2022
Flag
GDP PC
$48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH
10.4%CURRENT US$
Rnk 115 / 186

About

Russia-Germany Trade: In 2022, Russia exported $27.7B to Germany. The main products that Russia exported to Germany were Crude Petroleum ($11.5B), Refined Petroleum ($5.19B), and Coal Briquettes ($2.9B). Over the past 5 years the exports of Russia to Germany have increased at an annualized rate of 9.61%, from $17.5B in 2017 to $27.7B in 2022.

In 2020, Russia exported services to Germany worth $2.68B, with Transportation ($1.03B), Other business services ($955M), and Computer and information services ($344M) being the largest in terms of value.

Germany-Russia Trade: In 2022, Germany exported $15.5B to Russia. The main products that Germany exported to Russia were Packaged Medicaments ($2.59B), Medical Instruments ($599M), and Cars ($575M). Over the past 5 years the exports of Germany to Russia have decreased at an annualized rate of 11.8%,  from $29B in 2017 to $15.5B in 2022.

In 2020, Germany exported services to Russia worth $1.71B, with Other business services ($489M), Royalties and license fees ($448M), and Computer and information services ($368M) being the largest in terms of value.

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $27.7B to Germany. The main products exported from Russia to Germany were Crude Petroleum ($11.5B), Refined Petroleum ($5.19B), and Coal Briquettes ($2.9B). During the last 5 years the exports of Russia to Germany have increased at an annualized rate of 9.61%, from $17.5B in 2017 to $27.7B in 2022.

In 2017, Germany exported $15.5B to Russia. The main products exported from Germany to Russia were Packaged Medicaments ($2.59B), Medical Instruments ($599M), and Cars ($575M). During the last 5 years the exports of Germany to Russia have decreased at an annualized rate of 11.8%, from $29B in 2022 to $15.5B in 2017.

Exports from Russia (Flag) to Germany (Flag) (2022)

Exports from Germany (Flag) to Russia (Flag) (2022)

Market Competitiveness

Color
Russia
Top Destination
China$101B
Germany
Top Destination
United States$153B

This map shows whether countries import more from Russia or Germany. Each country is colored based on the difference in imports they receive from Russia and Germany or the difference in the growth in imports.

In 2022, countries that imported more from Russia than Germany included India ($40.4B), Kazakhstan ($16.5B), and Uzbekistan ($5.62B).

In 2022, countries that imported more from Germany than Russia included United States ($153B), France ($120B), and Netherlands ($109B).

Difference in imports from Germany (Flag) and Russia (Flag) (2022)

Comparative Advantage Russia - Germany

Flow
Scale

This chart compares trade between Russia and Germany by product, considering products traded by both, Russia and Germany.

During 2022, Russia had a large net trade with Germany in the exports of Mineral Products ($20.2B), Metals ($3.67B), and Precious Metals ($1.38B).

During 2017, Germany had a large net trade with Russia in the exports of Chemical Products ($4.66B), Machines ($3.87B), and Transportation ($1.31B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Germany+$1.64BRefined Petroleum
Top Product Potential Germany Russia+$529MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Russia exported services to Germany worth $2.68B, with Transportation ($1.03B), Other business services ($955M), and Computer and information services ($344M) being the largest in terms of value.

In 2020, Germany exported services to Russia worth $1.71B, with Other business services ($489M), Royalties and license fees ($448M), and Computer and information services ($368M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Germany (Flag) (2020)

Services Exports from Germany (Flag) to Russia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Russia and Germany. This means that a dot/product with the flag of Russia indicates it has a comparative advantage over Germany. Similarly, a dot/product with the flag of Germany indicates it has a comparative advantage over Russia.

Product Space of Russia (Flag) and Germany (Flag) (2022)

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