Russia: Trade openness

* indicates monthly or quarterly data series
 Russia

Trade openness: exports plus imports as percent of GDP

 Latest value 43.75
 Year 2022
 Measure percent
 Data availability 1989 - 2022
 Average 53.05
 Min - Max 26.26 - 110.58
 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 53.05 percent with a minimum of 26.26 percent in 1991 and a maximum of 110.58 percent in 1992. The latest value from 2022 is 43.75 percent. For comparison, the world average in 2022 based on 157 countries is 100.30 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 - Trade openness - Recent values chart

Historical chart
Russia - Trade openness - historical chart - 1989-2022




Definition: Exports plus imports as percent of GDP.

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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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