Russia: Terms of trade

* indicates monthly or quarterly data series
 Russia

Terms of trade, base year = 2000

 Latest value 115.25
 Year 2021
 Measure percent
 Data availability 2000 - 2021
 Average 104.60
 Min - Max 67.39 - 146.64
 Source The United Nations
For that indicator, we provide data for Russia from 2000 to 2021. The average value for Russia during that period was 104.6 percent with a minimum of 67.39 percent in 2002 and a maximum of 146.64 percent in 2012. The latest value from 2021 is 115.25 percent. For comparison, the world average in 2021 based on 189 countries is 109.62 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 - Terms of trade - Recent values chart

Historical chart
Russia - Terms of trade - historical chart - 2000-2021




The terms of trade for Russia are calculated as the value of its exports as percent of the value of its imports. An increase in the terms of trade means that the value of exports is increasing relative to the value of imports. The country can afford to buy more imports with the revenue from its exports. For example, an increase in the price of oil increases (improves) the terms of trade for the oil-exporting countries and lowers it for the other countries.
Definition: Net barter terms of trade index is calculated as the percentage ratio of the export unit value indexes to the import unit value indexes, measured relative to the base year 2015.

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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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