The overall value of imports into the United States sold by the Russian Federation plunged by an average -67.5% since 2022 when America’s purchases from suppliers in Russia were valued at $15.1 billion.
In comparison, the US exported $597.3 million worth of products to Russia in 2023. That dollar amount equals 12.2% of America’s total spending on all commodities imported from Russia.
US exports to Russia shrank by -65.2% compared to $1.7 billion in American export sales to Russia for 2022.
Overall, America incurred a -$4.3 billion deficit trading goods with Russia during 2023.
Highlighted below are the 100 most valuable imports and exports exchanged by the United States and Russia during 2023.
This research is based on the detailed four-digit Harmonized Tariff System code level.
Information in this article is presented in two searchable document databases for the top 100 trade products between the two countries.
Top US Imports from Russia
The following document database highlights the 100 most valuable goods that America imported from Russia in 2023.
The showcased 100 import products represent US$4.9 billion in American spending in 2023 or 99.1% of all US spending on imports from Russia for the year.
Imports into the United States from Russia equaled 0.2% of overall US imports from around the world in 2023, down from 13.6% in 2022.
Fastest-growing US imports from Russia from 2022 to 2023 were liquid or gas checking instruments (up 791%), medication mixes in dosage (up 363.2%), integrated circuits and microassemblies (up 317.6%), unwrought silver (up 223.9%), taps, valves and similar appliances (up 162.5%), vegetable saps and extracts (up 141.1%) then textile footwear (up 127.5%).
Decliners impacting America’s spending on imported goods from Russia the most were led by Russian crude oil (down -99.9% from 2022), aluminum wire (down -99.4%), new rubber tires (down -98.9%), carbon electrodes, brushes, lamp and battery parts (down -98.1%), magnesium (down -97.7%), sulphates plus persulphates (down -96.1%), ice cream and edible ice (down -95.9%) then electric ignition or other starting equipment (down -95.7%).
Top US Exports to Russia
The following document database focuses on the 100 leading products that American exporters sold to customers located in Russia in 2023.
The itemized 100 US export products represent US$576.6 million in American sales to Russia in 2023 or 96.5% of total US exports into Russia as assessed by value.
Exports from the United States to Russia equaled just 0.03% of all US products exported around the world in 2023. That percentage is much less than the 17.5% for 2022.
The greatest increases among the top 100 US exports into Russia from 2022 to 2023 are attributed to miscellaneous clothing accessories (up 3,595%), textile footwear (up 2,699%), specially designed containers (up 1,532%), miscellaneous organic compounds (up 1,483%), rolling machines (up 1,239%) then knitted or crocheted jerseys and pullovers (up 830%).
The heaviest declines among America’s sales of exported goods to Russia were recorded for shrinking Russian spending on soil preparation machinery (down -97.1% from 2022), taps, valves and similar appliances (down -97%), non-dissolving chemical woodpulp (down -96.4%), solar power diodes or semi-conductors (down -96.3%), beauty, makeup and skin care preparations (down -95.2%), centrifuges, filters and purifiers (down -94.3%), electronic integrated circuits and microassemblies (down -93.8%), insulated wire or cable (down -93.5%) then automobile parts or accessories (down -93.2%).
See also Russia’s Top Exports, United States Top Exports, Russia’s Top Imports and United States Top Imports
Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on November 28, 2024
Trade Map, International Trade Centre. Accessed on November 28, 2024