Trade: Opportunities for U.S. Exporters
New Doors for U.S. Exporters
Bilateral trade between the U.S.
and Russia has increased sharply. From 2004-2006, U.S. exports to Russia grew almost
60% to US$4.7 billion, and exports surged another 50% in the
first nine months of 2007. With 7% annual growth rates, Russian
consumers are turning to imported goods in the expanding retail
sector, and Russian firms are investing in foreign-made
U.S. Exports To Russia: Diversity
The Russian economy is diversifying
and Russia now imports a wide variety of
U.S. aerospace firms
exported more than US$370 million worth of aircraft to
Russia in 2006, representing a growth of more than 260%
over the previous year.
Russia offers a
market for U.S. almond growers – imports to Russia of U.S.
almonds grew 15% by value over 2004-2006 and stood at
almost US$30 million last year.
Exports of parts for
automatic data processing machines totaled US$127 million
Russia Is the #1 Export Market for U.S.
Russia imports 45%
of its poultry, and 74% of these imports come from the
Russia is the
largest export market for U.S.
more than 745,000 metric tons of U.S. poultry in 2006
worth US$459 million.
Russia’s Emerging Middle Class - Growth Engine for U.S.
American cars are the best
sellers in Russia.
In 2006, Russia
imported more than US$400 million worth of U.S. motor
vehicles, representing a growth of close to 25% last year,
both in volume and value terms.
Russian imports of
U.S. car parts and accessories rose more than 60% by value
Russia Relies on Foreign Machinery to Help Extract Its Abundant
Russia relies on foreign
machinery to extract oil, gas, minerals and timber and bring
them to market, and U.S. agricultural equipment is valued in
Russia for its superior productivity.
Russia imported over
US$295 million worth of oil and gas field equipment (and
parts) in 2006.
U.S. exports to
Russia of agricultural tractors rose more than 50% by
value in 2006, and stood at US$73
nearly 675,000 U.S.-made chainsaws in 2006, representing a
growth of 240% over 2005
U.S. Exports to
download U.S.-Russian export statistics
U.S. Imports from
download U.S.-Russian import
statistics (pdf file)
U.S. - Russia Trade
download U.S.-Russian trade
balance statistics (pdf file)
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