Russia

Russia ranked No. 28 in total trade value through May with a total of $9.4 billion. Exports totaled $1.89 billion and Imports totaled $7.51 billion, a deficit of $5.62 billion.

U.S. trade with Russia rose to $8.05 billion through May

Russia’s trade with the United States rose to $8.05 billion through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 8.44 percent below its total trade during the same time period last year. U.S. exports to Russia decreased 32.38 percent while U.S. imports from Russia fell 0.03 percent. The U.S. deficit with Russia was $4.96 billion.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Port of Houston; No. 3 Port of New Orleans; No. 4 Port of Philadelphia; and No. 5 Port of Greater Baton Rouge, La.. During the same period the previous year, the top five were No. 1 Port of New Orleans; No. 2 Port of Houston; No. 3 John F. Kennedy International Airport; No. 4 Port of Wilmington, Dela. and No. 5 Port of Philadelphia. In the current time period, the top five accounted for 46.55 percent of Russia’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport rose 59.34 percent to $1.27 billion.
    Exports rose 11.04 percent to $188 million. Imports rose 72.35 percent to $1.08 billion.
  • Trade with No. 2 Port of Houston rose 2.52 percent to $1.16 billion.
    Exports fell 24.01 percent to $183.01 million. Imports rose 9.66 percent to $981.58 million.
  • Trade with No. 3 Port of New Orleans fell 24.83 percent to $921.38 million.
    Exports rose 64.52 percent to $21.17 million. Imports fell 25.78 percent to $900.21 million.
  • Trade with No. 4 Port of Philadelphia rose 14.47 percent to $578.82 million.
    Exports rose 349.95 percent to $60.99 million. Imports rose 5.23 percent to $517.84 million.
  • Trade with No. 5 Port of Greater Baton Rouge, La. rose 74.04 percent to $438.06 million.
    There were no exports. Imports rose 74.04 percent to $438.06 million.

Russia ranked No. 28 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 26.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Russia by value through May were the categories of Civilian aircraft, parts; Machinery for heating and sterilizing; Misc. chemical reaction initiators, accelerators; Internal combustion engines; and Motor vehicle parts, respectively. They accounted for 19.04 percent of total exports to Russia.

The value of the top five categories of U.S. imports from Russia –– Gasoline, other fuels; Unwrought platinum in various forms; Oil; Radioactive chemical elements and isotopes; and Pig iron –– accounted for 71.99 percent of all inbound shipments.

Looking more closely at U.S. exports to Russia:

  • Civilian aircraft, parts fell 84.73 percent compared to last year to $129.88 million.
  • Machinery for heating and sterilizing rose 361.72 percent compared to last year to $67.5 million.
  • Misc. chemical reaction initiators, accelerators rose 4.8 percent compared to last year to $58.24 million.
  • Internal combustion engines rose 132.32 percent compared to last year to $51.96 million.
  • Motor vehicle parts fell 50.93 percent compared to last year to $51.88 million.

Looking more closely at U.S. imports from Russia:

  • Gasoline, other fuels fell 4.16 percent compared to last year to $3.06 billion.
  • Unwrought platinum in various forms rose 98.26 percent compared to last year to $992.98 million.
  • Oil fell 52.26 percent compared to last year to $683.09 million.
  • Radioactive chemical elements and isotopes rose 105.89 percent compared to last year to $335.24 million.
  • Pig iron fell 17.45 percent compared to last year to $330.18 million.

In the latest annual figures available, Russia recorded $28.07 billion in trade with the United States. Total U.S. exports to Russia were $ 5.79 billion and imports from Russia were $22.28 billion. The U.S. deficit with Russia was $16.5 billion.