Gold, Oil, Diamonds and Fertilizers: 10 Things You Need to Know About Russia’s Exports: A Trade Data Monitor Column

The Russian economy is a unique engine, without globally significant manufacturing, but powerful in its capacity to generate fuels, and a handful of valuable natural resources, such as wood, gold, and fertilizers. Here are 10 essential things to know about Russia’s exports: 1. Russia’s top trading partner is China. In 2021, it shipped $68.1 billion worth of goods to China, up 38.5% from 2020. China now makes up 14% of Russia’s exports, up from 6.7% in 2013. 2. Russia’s top exports to China in 2021 were: 1. Petroleum. 2. Iron ore and copper. 3. Wood. 4. “Suppressed commodities”. 5. Machinery. 3. Russian petroleum exports increased 49% y-on-y to $211.5 billion in 2021. 4. The biggest buyers of Russian petroleum in […]