Open Data Albania is examining the foreign commercial trade of the Russian Federation based on commodity groups and trading countries. The analysis is being carried out in order to better understand which products may experience shortages in the future either in the international markets or in our country. We will also look what are the major importing countries over the last 3 years, concerning 10 main commodity groups, representing the largest share in the Russian Federation exports. At a time of embargos and sanctions, the lack of Russian exports could result in a greater risk of shortages.
About 14% of Russia’s total exports move towards China, followed by the Netherlands, Germany and Turkey in second, third and fourth place. Turkey has not announced a freight embargo, same as Belarus, which is Russia’s fifth largest export partner. Other countries that have imposed sanctions on the Russian Federation are: the United Kingdom, Italy, the United States and South Korea. Kazakhstan holds the eighth place in the ranking, also a country that doesn’t apply sanctions. Full list of countries with reciprocal sanctions.
Source: International Trade Center
Comments and Analyses: Open Data Albania
Even when it comes to imports, the first place in the list for goods entering the Russian Federation is occupied by China. The list of countries that import goods to Russia is almost the same as the list of Exports.
Source: International Trade Center
Comments and Analyses: Open Data Albania
Source: International Trade Center
Comments and Analyses: Open Data Albania
Analyzing the exports of the Russian Federation by product categorization, it emerges that fuels occupy the largest exports share in value. This also explains the fact that. immediately after the Russian aggression on Ukraine, the price of oil and other fuels rose in international markets. The global supply of fuels, in case of complete blockade against Russia will fall by over 10% of the overall international exports. This prediction should not be read in absolute terms, as there are countries that are not, presently, applying sanctions. Respectively in 2019, the Russian Federation has been the largest exporter in the World for fuels, accounting for 10.74% of the world total. In 2020, it was in third place with 8.85%, while in 2021 it is expected, when the data are published by all countries, that it will be back in the first places, as it has increased exports in value for fuels and fuels by 58.6% compared to 2020.
Source: International Trade Center
* For 2021 the weight in world exports is calculated against the total world exports of 2019, given that for 2021, not all countries have yet released the data. Comments and Analyses: Open Data Albania
Source: International Trade Center
* For 2021 the weight in world exports is calculated against the total world exports of 2019, given that for 2021, not all countries have yet released the data. Comments and Analyses: Open Data Albania
The second best-selling and most exported commodity group from Russia, after fuels, is “Natural Pearls, Precious Stones and Metals”. Russia holds 4% of the worlds’ total share. For 2020, in respect to this product, Russia was ranked sixth in the world. The main importing countries, for this group, are the United Kingdom, the USA and Belgium. The first one is especially dependent, as it alone receives over 50% share of these exports.
In terms of “Iron and steel” commodity group, which occupy the third place in the overall Russian exports, with about 5% of worlds’ total reserve for 2020 and experiencing a significant increase in 2021. In relation to this product group, Russia ranks fifth in the world, with Turkey, Mexico and Belgium receiving its largest share of exports.
The Russian Federation ranks first in the world for the international export of Fertilizers, but it ranks fourth in terms its share as commodity group in the Russian exports. In 2020, Russian exports accounted for 12.6% of world total exports, while in 2021 they increased by 78.5%. The countries that receive the largest share of imports from Russia are Brazil, USA and China. Regarding the same product, in Albania, Russia represents the largest exporter with 28.5% of the total share of fertilizers we import from abroad.
The category of products “Wood and articles of wood, charcoal” occupy the fifth value of total Russian exports. Russia is the fourth largest exporter in their world, with more than 6% of the world total. The main purchasing partners for this product group are China, Finland and Japan.
Goods Group: Machinery, mechanical equipment, nuclear reactors, boilers; part of it ”and the commodity group“ Plastics and articles thereof ”, occupy a relatively large part of the total Russian exports, respectively sixth and tenth place in the list.
The Russian Federation is one of the largest producers of cereals in the world after the United States of America and Ukraine. It exports about 10% of the world total, thus constituting a relatively large market share. The main importers from Russia are Turkey, Egypt and Saudi Arabia. The Russian Federation is the main exporter of cereals in Albania, for 2021 they constitute 41.3% of our purchases from abroad.
For the commodity group “Aluminum and articles thereof”, and Ore, slag and ash, Russia is in the 10 largest exporting countries in the world, with a share of less than 5% of the total.
Table: Major importing countries based on 10 main commodity groups of the Russian Federation
Source: International Trade Center
Comments and Analyses: Open Data Albania
In addition to these 10 commodity groups listed above, there are some other groups that have a relatively small share in total Russian exports, but are significant in total world exports as Russia is in the list of ten countries with the most market. Such are the groups “Animal and vegetable oils and fats”; “Wood pulp or other fibrous cellulosic materials”; “Other base metals”; “Lead and articles thereof”; and “Explosives, pyrotechnic products, matches”.
For the export of “Nickel and its articles”, the Russian Federation ranks first in the world.
Looking in detail at the exports of the Russian Federation we notice that the world supply of many products has been reduced due to the onset of Russian aggression in Ukraine. In the total world exports, the exports of the Russian Federation occupy the 16th place, with 1.93% of the world total.
Download excel:Russian exports by main commodity groups, positioning in the international marketComments and Analysis: Open Data Albania
Translated by: Rezarta Cushaj
Contributed by: Ilir Brasha
