Russia Trade & Investment Summary
U.S. goods and services trade with Russia totaled an estimated $20.2 billion in 2022. Exports were $4.5 billion; imports were $15.7 billion. The U.S. goods and services trade deficit with Russia was $11.2 billion in 2022.
U.S. goods exports to Russia in 2022 were $1.7 billion, down 74.0 percent ($4.7 billion) from 2021 and down 84 percent from 2012. U.S. goods imports from Russia totaled $14.4 billion in 2022, down 51.3 percent ($15.2 billion) from 2021, and down 51 percent from 2012. The U.S. goods trade deficit with Russia was $12.8 billion in 2022, a 45.1 percent decrease ($10.5 billion) over 2021.
U.S. exports of services to Russia were an estimated $2.8 billion in 2022, 32.8 percent ($1.4 billion) less than 2021, but 48 percent less than 2012 levels. U.S. imports of services from Russia were an estimated $1.3 billion in 2022, 28.0 percent ($506 million) less than 2021, but 47 percent less than 2012 levels. Leading services exports from the U.S. to Russia were in the financial services, technical and other services, and intellectual property sectors. The United States had a services trade surplus of an estimated $1.5 billion with Russia in 2022, down 36.4 percent from 2021.
U.S. foreign direct investment (FDI) in Russia (stock) was $9.6 billion in 2022, a 21.4 percent decrease from 2021. U.S. direct investment in Russia is led by manufacturing, wholesale trade, and professional, scientific, and technical services.
Russia's FDI in the United States (stock) was $4.1 billion in 2022, up 2.5 percent from 2021.