Russia: Imports, percent of GDP

* indicates monthly or quarterly data series
 Russia

Imports of goods and services as percent of GDP

 Latest value 15.59
 Year 2022
 Measure percent
 Data availability 1989 - 2022
 Average 22.44
 Min - Max 12.99 - 48.25
 Source The World Bank
For that indicator, we provide data for Russia from 1989 to 2022. The average value for Russia during that period was 22.44 percent with a minimum of 12.99 percent in 1991 and a maximum of 48.25 percent in 1992. The latest value from 2022 is 15.59 percent. For comparison, the world average in 2022 based on 149 countries is 52.38 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Russia - Imports, percent of GDP - Recent values chart

Historical chart
Russia - Imports, percent of GDP - historical chart - 1989-2022




The imports of Russia and other countries are calculated as the total amount of goods and services produced abroad and sold at home. Imports are often reported as percent of GDP so that we can evaluate their magnitude relative to the size of the economy.

If imports are about 15 percent or less of GDP the economy is considered relatively closed. That, for example, applies to the U.S. In contrast, many small European countries import over 40 percent of the products they consume. They are considered more open to international trade.
Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.

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 Related indicators Latest value Reference Measure
 Terms of trade 115.25 2021 percent
 Trade openness 43.75 2022 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 28.19 2022 percent
 Exports, billion dollars 466.60 2023 billion U.S. dollars
 Growth of exports -13.89 2022 percent
 Imports, percent of GDP 15.59 2022 percent
 Imports, billion dollars 378.93 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP -1.78 2022 percent
 Foreign Direct Investment, billion dollars -39.80 2022 billion U.S. dollars
 Portfolio investment inflows, equities -2,427.19 2023 million dollars (current)
 Current account, percent of GDP 10.48 2022 percent
 Current account, in dollars 50.22 2023 billion U.S. dollars
 Trade balance, percent of GDP 12.60 2022 percent
 Trade balance, in dollars 86.82 2023 billion U.S. dollars
 Reserves 581.71 2022 billion U.S. dollars
 Remittances, percent of GDP 0.15 2022 percent
 Remittances 3,300.49 2022 million U.S. dollars
 Net errors and omissions -5,506.04 2023 million USD
 External debt 17.15 2022 percent
 Short-term external debt 17.43 2022 percent
 Short-term debt to reserves 11.27 2022 percent
 Foreign exchange reserves 569.02 9/2023 billion
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