Russia exported US$19.8 billion worth of merchandise to the United States in 2006, up 29% from 2005 and up 187% in just 4 years.
Russian imports from the U.S. rose 27% to $10.1 billion in 2006, up 97% since 2002.
In terms of the merchandise flow between the two countries, America’s trade deficit with Russia was $15.1 billion in 2006, up 237% from 2002. The U.S. trade deficit with Russia increased 32.9% in 2006 – up from the 27% deficit increase in 2005 from the year earlier.
Russia 's Exports to U.S.
Of the $19.8 billion in American imports from Russia in 2006, the following product categories had the highest values.
- Oil & other petroleum products …US$10 billion (50.5% of Russia to U.S. exports, up 25.2% from 2005)
- Aluminum … $1.8 billion (9.3%, up 5.9%)
- Semi-finished iron & steel products … $1.5 billion (7.7%, up 128.4%)
- Nuclear fuels … $866.3 million (4.4%, down 0.6%)
- Finished metal products other than steel … $852.9 million (4.3%, up 78.3%)
- Precious metals … $697.6 million (3.5%, up 23.1%)
- Nickel … $645.3 million (3.3%, up 85.5%)
- Steelmaking materials … $635.6 million (3.2%, up 56.5%)
- Fertilizers, pesticides & insecticides … $395 million (2.0%, up 22.9%)
- Fish & shellfish … $375.3 million (2.0%, up 18.5%)
Fastest-Growing Russian Exports to U.S.
Below are American imports from Russia in 2006 with the highest percentage sales increases from 2005.
- Military aircraft & parts … US$10.4 million (up 677.6% from 2005)
- Railway transportation equipment … $50.3 million (up 237%)
- Civilian aircraft parts … $42.4 million (up 233.4%)
- Soft beverages & processed coffee … $7.6 million (up 215.1%)
- Generators, transformers & accessories … $8 million (up 166.3%)
Russia's Imports from U.S.
Of the $10.1 billion in American exports to Russia in 2006, the following product categories had the highest values.
- Meat incl. poultry … US$636.7 million (13.5% of Russia from U.S. imports, down 15% from 2005)
- Passenger cars … $399.3 million (8.5%, up 25.1%)
- Civilian aircraft … $384.3 million (8.1%, up 222.6%)
- Oil field drilling equipment … $319.6 million (6.8%, up 2.3%)
- Excavating machinery … $170.7 million (3.6%, down 5.1%)
- Computer accessories … $155.1 million (3.3%, up 9.9%)
- Agricultural machinery … $148.1 million (3.1%, up 1.8%)
- Service industry machinery … $125.2 million (2.7%, up 48.8%)
- Trucks, buses & special purpose vehicles … $117 million (2.5%, up 48%)
- Materials handling equipment … $98.6 million (2.1%, up 96.5%)
Fastest-Growing Russian Imports from U.S.
Below are American exports to Russia in 2006 with the highest percentage sales increases from 2005.
- Iron & steel products … US$2.9 million (up 482% from 2005)
- Railway transportation equipment … $18.7 million (up 598%)
- Engines & parts … $70.1 million (up 322%)
- Coal … $3.8 million (up 1227%)
- Civilian aircraft … $384.3 million (up 223%)
- Synthetic rubber … $3 million (up 217%)
See also Russia's Top Imports & Exports 2008.
Sources
This analysis is based on latest statistics from the US Census Bureau - Foreign Trade Statistics and CIA World Factbook as of the date of article publication.
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