Russia Trade Summary
U.S. goods and services trade with Russia totaled an estimated $5.2 billion in 2024, down 25.8 percent ($1.8 billion) from 2023.
U.S. total goods trade (exports plus imports) with Russia was an estimated $3.5 billion in 2024. U.S. goods exports to the Russia in 2024 were $528.3 million, down 11.8 percent ($70.5 million) from 2023. U.S. goods imports from Russia 2024 totaled $3.0 billion, down 34.2 percent ($1.6 billion) from 2023. The U.S. goods trade deficit with Russia was $2.4 billion in 2024, a 37.6 percent decrease ($1.5 billion) over 2023.
U.S. total services trade (exports plus imports) with the Russia totaled an estimated $1.6 billion in 2024. U.S. services exports to Russia in 2024 were $1.3 billion, up 3.9 percent ($47 million) from 2023. U.S. services imports from Russia 2024 were $384 million, down 35.9 percent ($215 million) from 2023. The U.S. services trade surplus with Russia was $873 million in 2024, a 43.1 percent increase ($263 million) over 2023.
