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Russia

Russia FlagU.S.-Russia Trade Facts

On August 22, 2012, Russia became the 156th Member of the World Trade Organization (WTO). On December 14, 2012, the President signed legislation terminating the application of Jackson-Vanik and extending permanent normal trade relations to Russia and Moldova. On December 21, 2012, the United States and Russia both filed letters with the World Trade Organization (WTO) withdrawing their notices of non-application and agreeing to have the WTO agreement apply between them. 

On December 20, 2012, the United States and Russia agreed to an Intellectual Property Rights (IPR) Action Plan to improve IPR protection and enforcement. 

U.S. goods and services trade with Russia totaled an estimated $27.2 billion in 2016 (latest data available). Exports were $10.3 billion; imports were $16.9 billion. The U.S. goods and services trade deficit with Russia was $6.6 billion in 2016.

Russia is currently our 30th largest goods trading partner with $24.0 billion in total (two way) goods trade during 2017. Goods exports totaled $7.0 billion; goods imports totaled $17.0 billion. The U.S. goods trade deficit with Russia was $10.0 billion in 2017.

Trade in services with Russia totaled an estimated $6.8 billion in 2016 (latest data available). Services exports totaled $4.5 billion; services imports totaled $2.3 billion. The U.S. services trade surplus with Russia was $2.2 billion in 2016.

According to the Department of Commerce, U.S. exports of Goods and Services to Russia supported an estimated 66 thousand jobs in 2015 (latest data available) (36 thousand supported by goods exports and 30 thousand supported by services exports).

Exports

  • Russia was the United States' 34th largest goods export market in 2017.

  • U.S. goods exports to Russia in 2017 were $7.0 billion, up 20.8% ($1.2 billion) from 2016 but down 3.9% from 2007.  

  • The top export categories (2-digit HS) in 2017 were: aircraft ($2.3 billion), machinery ($1.4 billion), vehicles ($638 million), optical and medical instruments ($506 million), and electrical machinery ($440 million).

  • U.S. total exports of agricultural products to Russia totaled $197 million in 2017. Leading domestic export categories include: prepared food ($34 million), tobacco ($22 million), chocolate & cocoa products ($17 million), planting seeds ($10 million), and feeds & fodders nesoi ($8 million).

  • U.S. exports of services to Russia were an estimated $4.5 billion in 2016 4.8% ($226 million) less than 2015.  Leading services exports from the U.S. to Russia were in the travel, financial services, and technical and other services sectors.

Imports

  • Russia was the United States' 23rd largest supplier of goods imports in 2017.

  • U.S. goods imports from Russia totaled $17.0 billion in 2017, up 17.0% ($2.5 billion) from 2016, but down 11.9% from 2007.  

  • The top import categories (2-digit HS) in 2017 were: mineral fuels ($7.6 billion), iron and steel ($2.5 billion), aluminum ($1.6 billion), precious metal and stone (platinuim) ($1.0 billion), and inorganic chemicals ($740 million).

  • U.S. total imports of agricultural products from Russia totaled $46 million in 2017. Leading categories include: snack foods ($8 million), tree nuts ($7 million), other vegetable oils ($2 million), essential oils ($2 million), and wine and beer ($1 million).

  • U.S. imports of services to Russia were an estimated $2.3 billion in 2016 1.0% ($24 million) less than 2015.  Leading services imports from Russia to the U.S. were in the travel, transport, and financial services sectors.

Trade Balance

  • The U.S. goods trade deficit with Russia was $10.0 billion in 2017, a 14.5% increase ($1.3 billion) over 2016.

  • The United States has a services trade surplus of an estimated $2.2 billion with Russia in 2016 (latest data available), down 4.9% from 2015.

Investment

  • U.S. foreign direct investment (FDI) in Russia (stock) was $13.9 billion in 2017, a 4.4% decrease from 2016. U.S. direct investment in Russia is led by manufacturing, nonbank holding companies, and information services.

  • Russia's FDI in the United States (stock) was $4.5 billion in 2017, down 0.7% from 2016. There is no information on the distribution of Russia FDI in the U.S.

  • Sales of services in Russia by majority U.S.-owned affiliates were $9.8 billion in 2015 (latest data available), while sales of services in the United States by majority Russia-owned firms were $679 million.