What are the biggest top 10 exports of Russia in 2023?

Top Russia Exports Overview

Russia, the largest country in the world, is known for its vast natural resources and diverse economic activities. Due to its cross-country nature, its region passes through both Northern Asia and Eastern Europe. In particular, 16 countries, including the USA, Japan, Norway, Poland, Ukraine, Belarus, and more, border Russia. When it comes to the land area, Russia is the best-ranked nation in Asia. The country has a strong export sector, contributing significantly to its economic growth. 

According to the latest Russia export Data for the year 2023, Russia exported goods worth $423.9 billion in 2023 and has 28000+ active exporters present in the country. Russia exports its goods to 226 countries, and Russia continues to be the world's 18th largest exporter of goods. Russia exports around 2000+ products globally to over 140 countries in 2023. Russia exports the most goods to China, Germany, Netherlands and belarus while the biggest export of Russia in 2023 is mineral fuels and mineral oils worth $254.7 billion followed by precious stones and metals ($20.6 billion), Iron and steel ($15 billion), Fertilizers ($14.9 billion), and Cereals ($11.3 billion). In this article, we will explore the top 10 exports of Russia in 2023. 

Key Highlights for Russia’s Exports

• In 2023, Russia exported goods valued at $423.9 billion to countries across the world.
• The entire value of Russian exports decreased by -31% in comparison to the prior year.
• According to Russia's export data for 2023, Russia is the 18th biggest exporter of goods in the world.
• With 146.3 million people living there, Russia's total export revenue of $423.9 billion in 2023 corresponds to about $2,700 for each person living in the large Eurasian nation.
• In 2023, 87.1% of Russia's total value of shipments to other countries came from its top ten exports.
• Mineral fuels and mineral oils are Russia’s biggest export worth $254 billion while China is its top export partner, importing goods worth $77 billion from Russia in 2023.

What are the top 10 Exports of Russia?

Russia’s top 10 exports had a total value of $347.8 billion in goods. The top ten exports from Russia as of the year 2023 according to the export data of Russia are as follows:

1. Mineral fuels and Mineral oils (HS code 27)

Russia is known for its abundant reserves of mineral energy and resources. It is one of the world's leading exporters of these commodities. The country's favorable geographic location and advanced infrastructure enable it to efficiently extract and export these resources. Russia’s mineral fuels and mineral oils exports totaled $254.7 billion in 2023 with a 63.8% export share. Its top 10 exports in 2023 include:

• Crude oil: $120.51 billion
• Refined petroleum oil: $49.43 billion
• Petroleum gas and other gaseous hydrocarbons: $40.01 billion
• Coal: $31.39 billion
• Petroleum coke: $805 million
• Electrical energy: $509.09 million
• Coke and semi-coke of coal: $336.65 million
• Oils and other products of high-temperature coal tar: $122.48 million
• Bituminous mastics: $59.35 million
• Lignite: $37.63 billion

2. Pearls, Precious stones, and metals (HS code 71)

Another major component of Russia's export sector is pearls, precious stones, and metals. The country is rich in various minerals and natural resources such as iron ore, copper, nickel, and gold. Russia’s exports of precious stones and metals accounted for $20.6 billion in 2023 with a 5.2% export share. The major exports of this product in 2023 include:

• Gold: $11.02 billion
• Platinum: $6.82 billion
• Diamonds: $2.18 billion
• Silver: $533.33 million
• Articles of Jewelry and parts thereof: $100.88 million
• Synthetic Precious and semi-precious stones: $46.49 million
• Precious stones and semi-precious stones: $30.55 million
• Coin: $6.14 million
• Imitation Jewelry: $2.65 million
• Articles of natural or cultured pearls: $2.16 million

3. Iron and steel (HS code 72)

Russia has a well-developed iron and steel industry, which plays a crucial role in its export market. The country's competent workforce and modern infrastructure have facilitated the growth of this industry, making it a significant contributor to Russia's export revenues. Russia’s iron and steel exports in 2023 amounted to $15 billion with an export share of 3.8%. The top 10 exports of these products in 2023 are:

• Semi-finished products of iron or non-alloy steel: $6.66 billion
• Pig iron: $1.44 billion
• Flat-rolled products of iron or non-alloy steel: $1 billion
• Ferroalloys: $942.79 million
• Bars and rods: $816.61 million
• Ferrous products: $810.84 million
• Bars and rods of iron or non-alloy steel: $773.69 million
• Flat-rolled products of alloy steel: $473.13 million
• Ferrous waste and scrap: $373.75 million
• Angles and shapes of iron or non-alloy steel: $257.17 million

4. Fertilizers (HS code 31)

Fertilizers are huge export commodities in the top 10 Russia exports. The country's expertise in this sector allows it to cater to both domestic and international markets. Russia’s total exports of fertilizers accounted for $14.9 billion in 2023 with a 3.7% export share. Its major exports in 2023 include:

• Mineral or chemical fertilizers: $5.53 billion
• Mineral or chemical nitrogenous fertilizers: $5.52 billion
• Mineral or chemical potassic fertilizers: $4.11 billion
• Mineral or chemical phosphatic fertilizers: $60.46 million
• Animal or vegetable fertilizers: $1.66 million

5. Cereals (HS code 10)

In addition to other top export products, Russia also exports quality cereals. These exports include wheat, corn, oats, and other intermediate cereals. Russia exported cereals worth $11.3 billion in 2023 with an import share of 2.8%. Its top 10 exports in 2023 include:

• Wheat: $9.82 billion
• Corn: $932.16 million
• Barley: $682.05 million
• Buckwheat: $123.88 million
• Oats: $38.53 million
• Rye: $29.37 million
• Rice: $23.34 million
• Sorghum: $5.92 million

6. Aluminum (HS code 76)

Russia's Aluminum industry has witnessed substantial growth in recent years. The country exports a wide range of aluminum and aluminum articles, including waste, strips, and articles of aluminum. Russia’s aluminum exports in 2023 amounted to $8.3 billion with a 2.1% export share. Its top 10 exports in 2023 include:

• Unwrought Aluminum: $7.49 billion
• Aluminum wire: $367.67 million
• Plates, sheets, and strips of aluminum: $120.23 million
• Bars and rods of aluminum: $108.42 million
• Casks, drums, and cans of aluminum: $73.16 million
• Powder and flakes of aluminum: $42.27 million
• Articles of aluminum: $31.57 million
• Aluminum foil: $27.48 million
• Aluminum structures and parts of structures: $23.52 million
• Table, kitchen, or household articles of aluminum: $18.98 million

7. Fish (HS code 03)

Russia has vast fishery rivers and is known for its exports of fish and fish products such as fish fillets and other seafood. With its clean waters and abundant fish exporters, Russia has the potential to be a major player in the global fish and seafood market. Russia’s fish exports were valued at $6.2 billion in 2023 with an export share of 1.5%. Its top 10 exports in 2023 include:

• Frozen Fish: $2.95 billion
• Crustaceans: $2.05 billion
• Fish Fillets: $824.74 million
• Fish dried or salted: $143.43 million
• Mollusks: $108.13 million
• Aquatic invertebrates: $89.31 million
• Fresh or chilled fish: $7.39 million
• Live fish: $225K
• Flours, meals, and pellets of fish: $16K

8. Copper (HS code 74)

Russia's copper export industry has witnessed significant growth in recent years. The country is now a major exporter of copper-based products around the globe. Russia’s total copper exports accounted for $6 billion in 2023 with a 1.5% export share. Its top 10 exports in 2023 include:

• Copper refined and copper alloys: $5.54 billion
• Copper wire: $253.84 million
• Copper unrefined: $109.29 million
• Waste and scrap of copper: $55.05 million
• Powders and flakes of copper: $35.37 million
• Plates, sheets, and strips of copper: $7.88 million
• Copper tube and pipe fittings: $7.22 million
• Copper tubes and pipes: $4.84 million
• Other articles of copper: $3.92 million
• Bars and rods of copper: $3.66 million

9. Animal or vegetable fats and oils (HS code 15)

Russia is a top exporter of animal or vegetable fats and oils. With its abundant animal and vegetable resources, the total value of animal/vegetable fats and oils exported by Russia in 2023 stood at $5.6 billion with a total export share of 1.4%. Its top 10 exports in 2023 include:

• Sunflower seed or cotton seed oil: $3.24 billion
• Mustard oil: $1.59 billion
• Soya-bean oil and its fractions: $480.44 million
• Margarine: $197.57 million
• Animal or vegetable fats and oils and their fractions: $85.82 million
• Fixed vegetable or microbial fats and oils: $47.15 million
• Fats and oils of fish and marine mammals: $21.67 million  
• Palm oil and its fractions: $13.60 million
• Degras: $7.54 million
• Hydrogenated animal or vegetable fats and oils: $7.25 million

10. Ores, slag, and ash (HS code 26)

The ores, ash, and slag industry has seen a major increase in the demand for exports in 2023. Russia exports a large number of ores and slag products along with ash residues globally. Russia’s exports of ores, slag, and ash accounted for $5.2 billion in the fiscal year 2023 with an export share of 1.3%. Its top 10 exports in 2023 include:

• Precious metal ores and concentrates: $1.52 billion
• Iron ores and concentrates: $1.22 billion
• Copper ores and concentrates: $959.89 million
• Lead ores and concentrates: $593.74 million
• Nickel ores and concentrates: $386.52 million
• Zinc ores and concentrates: $308.83 million
• Slag and dross from the manufacturing of iron and steel: $103.71 million
• Ores and concentrates: $46.85 million
• Tin ores and concentrates: $37.56 million
• Niobium, Tantalum, vanadium, or zirconium ores and concentrates: $14.10 million

Russia exports by country | Where does Russia export most?

According to Russia’s export data for 2023, Russia exports the most goods to China worth $77 billion followed by Germany, Netherlands, Belarus, and Turkey. Russia’s major export partners in 2023 include:

1. China: $77 billion (19%)
2. Germany: $24 billion (6%)
3. Netherlands: $23 billion (5.5%)
4. Belarus: $20 billion (5%)
5. Turkey: $19 billion (4.5%)
6. Italy: $14 billion (3.5%)
7. South Korea: $13 billion (3%)
8. Japan: $12 billion (3%)
9. United States: $11 billion (2.7%)
10. India: $10 billion (2.5%)

According to Russia Exporter Database: The top 10 Exporter Companies in Russia?

Major exporters in Russia in 2023 are:

1. Gazprom: $140 billion
2. Lukoil: $75 billion
3. Rosneft: $65 billion
4. Norilsk Nickel: $15 billion
5. Sibur: $12 billion
6. Rusal: $11 billion
7. Transneft: $10 billion
8. Rosatom: $9 billion
9. Alrosa: $8 billion
10. Surgutneftegas: $7 billion

Russia’s Export Data in the last 10 years

Conclusion

In conclusion, a variety of industries are represented in Russia's top 10 exports amounting to a total value of $347.8 billion, highlighting the nation's diverse economy and abundance of natural resources. The top 10 export statistics of Russia reflect its major contributions to the global market, which range from mineral resources to plastic products. The nation's successful exporting is a result of its thriving industries, competent labor, and hospitable business environment.

Read More:-

The Top 10 Main Imports of Russia

RUSSIA EXPORT AND IMPORT STATISTICS 2023

What are Ukraine’s top 10 exports?

Russia Export Data

Best Import Export Data Provider