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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. 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 $20.3 billion in total (two way) goods trade during 2016. Goods exports totaled $5.8 billion; goods imports totaled $14.5 billion. The U.S. goods trade deficit with Russia was $8.7 billion in 2016.

Trade in services with Russia (exports and imports) totaled an estimated $6.8 billion in 2016. Services exports were $4.5 billion; services imports were $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' 38th largest goods export market in 2016.

  • U.S. goods exports to Russia in 2016 were $5.8 billion, down 18.3% ($1.3 billion) from 2015 but up 23.2% from 2006.  

  • The top export categories (2-digit HS) in 2016 were: machinery ($1.4 billion), aircraft ($1.3 billion), vehicles ($617 million), optical and medical instruments ($438 million), and electrical machinery ($420 million).

  • U.S. total exports of agricultural products to Russia totaled $252 million in 2016. Leading domestic export categories include: soybeans ($58 million), prepared food ($43 million), tobacco ($35 million), chocolate & cocoa products ($15 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' 24th largest supplier of goods imports in 2016.

  • U.S. goods imports from Russia totaled $14.5 billion in 2016, down 11.2% ($1.8 billion) from 2015, and down 26.7% from 2006.  

  • The top import categories (2-digit HS) in 2016 were: mineral fuels ($7.2 billion), aluminum ($1.3 billion), iron and steel ($1.3 billion), inorganic chemicals ($1.2 billion), and precious metal and stone (platinum) ($696 million).

  • U.S. total imports of agricultural products from Russia totaled $54 million in 2016. Leading categories include: tree nuts ($10 million), snack foods ($7 million), essential oils ($3 million), wine and beer ($1 million), and other vegetable oils ($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, transportation, and financial services sectors.

Trade Balance

  • The U.S. goods trade deficit with Russia was $8.7 billion in 2016, a 5.8% decrease ($535 million) over 2015.

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

Investment

  • U.S. foreign direct investment (FDI) in Russia (stock) was $10.6 billion in 2016, a 23.8% increase from 2015. U.S. direct investment in Russia is led by manufacturing, information, and wholesale trade.

  • Russia's FDI in the United States (stock) was $4.6 billion in 2016, up 4.4% from 2015. The distribution of Russia's FDI in the United States is not available.

  • 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.