• Analysis and Studies
• US-Russia Trade

One of the key aspects shaping the conflict in Ukraine is the relationship between Russia and the Western countries, in particular the US. The two countries have different political systems and economic structures, but how much do they interact regarding trade? Let's have a look at some data which are referred to 2019, thus leaving apart exceptional pandemic conditions.

Trade Data

U.S. goods and services trade with Russia totaled an estimated $34.9 billion in 2019. Exports were $10.9 billion; imports were $24.0 billion. The U.S. goods and services trade deficit with Russia was $13.1 billion in 2019.

Russia was the 26th largest goods trading partner with $28.0 billion in total (two way) goods trade during 2019. Goods exports totaled $5.8 billion; goods imports totaled $22.3 billion. The U.S. goods trade deficit with Russia was $16.5 billion in the same year.

Trade in services with Russia (exports and imports) totaled an estimated $6.9 billion in 2019. Services exports were $5.1 billion; services imports were $1.8 billion. The U.S. services trade surplus with Russia was $3.4 billion in 2019.

Export

Russia was the United States' 40th largest goods export market in 2019. U.S. goods exports to Russia went up 8.5% from 2009 to 2019, a sign of stronger relationship through years between the two countries. 

The top export categories (2-digit HS) in 2019 were: machinery ($1.2 billion), aircraft ($1.2 billion), vehicles ($725 million), optical and medical instruments ($506 million), and electrical machinery ($349 million).

Import

Russia was the United States' 20th largest supplier of goods imports in 2019. U.S. goods imports from Russia totaled $22.3 billion in 2019, up 22.3% from 2009.

The top import categories (2-digit HS) in 2019 were: mineral fuels ($13 billion), precious metal and stone (platinum) ($2.2 billion), iron and steel ($1.4 billion), fertilizers ($963 million), and inorganic chemicals ($763 million).

​FDI

U.S. foreign direct investment (FDI) in Russia (stock) was $14.4 billion in 2019, a 2.6% increase from 2018. U.S. direct investment in Russia is led by manufacturing, wholesale trade, and information services.

Source: Office of the United States Trade Representative