What Russia Export Data is All About? How is it Beneficial for Traders?

22 August 2018
Russia Export Data

Russia is the largest country in the world by area and borders European and Asian countries. In terms of exports, the country ranked at 15 in 2017. Russia exports of goods to the world worth USD 359 billion which accounted 2% value of the global exports in the said year. China is its top export partner while crude oil is the top export commodity.


Russia is one of the emerging trading country in the international market. Russia shipment data is the best effective tool to search new customers or business partners in the global and Russian market and to take progressive decisions in the business. Why is it needed in business? What are its benefits? Know many more facts about Russia trade data and have in-depth knowledge in this article.


What is Russia Export Data?


Russia customs data is a collection of facts and figures of the country’s export activities. It is based and compiled from the export bill of lading details filled at Russian customs. It contains all important information like HS Code, Product Description, Unit of Quantity, Quantity, Gross weight, Customs Identity code, Customs declarant, Consignee Name and Consignee Address etc. We filter every piece of information on the basis of duplication and misconception. We ensure our clients get correct figures and market information through shipment data of Russia. Here, we take a look at some more facts about export data of Russia.


            ·         It is updated on monthly basis.

            ·         It covers exporters and importers.

            ·         Available on HS Code & product description.

            ·         Sea, air & road shipments are covered.

            ·         Data also comes in Russian language.


Export Genius is a best and reliable source providing genuine shipment details of Russia exports. Let’s check the sample of Russia export data and take a fair idea about the major data fields that we cover in our trade report.


Date

01 March 2017

HS Code

2907110000

Product Description

Phenol synthetic technical (Hydroxybenzene) marks A GOST 23519-93 (not for veterinary) 49250 KG

Net Weight

49250 KGS

Invoice Value

USD 41764

Statistical Value

USD 44157

Russian Exporter Name

PJSC “UFARGSINTEZ”

Importer Name

PCC Intermodal Terminal

Importer Address

99-300, Kutno STR Intel modal 5

Origin Country

Russia

Destination Country

Lithuania

Unloading Port

St. Valley

 

Why is Russia Customs Data Important?


Export Genius is a reliable and trusted source providing customs data of Russia based on actual shipment records. The shipment data of Russia is collected from various trustworthy sources that guarantee the accuracy of all records. It is mainly collected from port authorities, shipping & logistics companies, trade associations, country’s customs and government bodies. It keeps records of every shipment that departs from land, sea and air ports. Trading companies mainly search for reliable customs database for accessing specific trade information to expand their business. Who can use our customs data of Russia? Check here.


Russian Exporters: They can find new buyers in global market and also keep an eye on their competitor’s trading activities.

Foreign Importers: They can find potential and authentic suppliers of their product in Russian market.

Financial Institutions: They can approach trading companies to get their financial services.

Logistics Companies: As ports are covered in the export data, find companies to provide logistics services.


Russia Export Statistics of Last Five Years


As per Russia export statistics, the export sales have been declined by 12% of value in last five years. However, the country has boosted its exports by 26% during 2016-17. Refer the below table to check Russia export statistics from 2013 to 2017.


Year

Value (USD Billion)

2017

359

2016

285

2015

343

2014

497

2013

527

 

Top 5 Export Commodities of Russia


Export data of Russia showed that mineral fuels & oils including crude oil, coal and petroleum gas stood as largest exports of the country and worth USD 173 billion in 2017. Russia is top exporter of energy sector products in the world while Netherlands and China are its top export market for these products. Apart from products, the country also raises its economy by export services.


Russia exports of iron & steel to the world worth USD 18 billion followed by precious stones (USD 11 billion), machinery (USD 8 billion) and wood (USD 7 billion) during the year 2017.


HS Code

Product

Value (USD Billion)

HS Code 27

Mineral fuels & oils

173

HS Code 72

Iron and steel

18

HS Code 71

Natural pearls & precious stones

11

HS Code 84

Machinery & mechanical appliances

8

HS Code 44

Wood

7

 

Top 10 Export Partners of Russia


Russia exports to more than 170 countries around the world including China, Netherlands, Germany, Belarus, Turkey, Italy, South Korea, Kazakhstan etc. As per Russia shipment data, China and Netherlands are its top export markets which recorded 10.8% and 9.9% share value respectively in 2017. From Russia, crude oil, wood and coal are top exports to China while petroleum oil and copper are top exports to Netherlands. Here is the table representing export values recorded during 2017 of its top trade partners.


Country

Value (USD Billion)

Share Value (%)

China

38.90

10.8

Netherlands

35.61

9.9

Germany

25.72

7.2

Belarus

19.38

5.4

Turkey

18.20

5.1

Italy

13.83

3.9

South Korea

12.34

3.4

Kazakhstan

12.32

3.4

Poland

11.57

3.2

USA

10.72

3.0

 

Export Genius also provides market research report and which is classified by product’s specifications. It is an analytical report contains detailed and comprehensive information including brand, type, model etc. and it is customised as per client’s requirement. Including Russia, we are providing analytical reports of more than 20 countries. Our export data of Russia is entirely based on genuine shipment records that are delivered to our clients after verifying each and every trade figure. So, you can take our best market research services for accessing latest export data of Russia. Feel free to reach us for any query related to Russia shipment data.


To buy our market research data and report, contact us at info@exportgenius.in


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