The West must ask the impact of sanctions on Russia Federation. Recommend this link… To start with, we highlight exports that give Russia manipulative power to increase the prices to dictate market prices; we all know about oil, fertilizers, animal food. But there are more like iron and steel. For sanctions to really bite deep on Russia, citizens in the West must adapt and have a war-time mentality of using only what is needed.

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Russia’s Top 10 by Daniel Workman

Occupying Northern Asia and a large part of Eastern Europe thus making Russia the world’s biggest area by geographic area, Russia shipped US$491.6 billion worth of goods around the globe in 2021.

Based on the average exchange rate for 2021, the Russian ruble has depreciated by -26.2% against the US dollar since 2017 and declined by -2.1% from 2020 to 2021. The Russian Federation’s weaker local currency make Russian exports paid for in stronger US dollars relatively less expensive for international buyers.

Russia’s biggest export products by value in 2021 were crude oil, refined petroleum oils, coal, gold, and goods made from semi-finished iron or non-alloy steel. In aggregate, those major exports accounted for 45.6% of overall exports sales from Russia. That percentage suggests that the Russian Federation offers a relatively concentrated range of exported goods.

Russia is a world leader for exporting wheat and ranks among the most lucrative for global sales of crude oil, refined petroleum oils and coal.

From a continental perspective, roughly half (50.8%) of Russia’s exports by value were delivered to fellow European countries while 39.8% were sold to importers in Asia. Russia shipped another 3% worth of goods to North America.

What we don’t calculate into our equation of protecting Ukraine from barbaric invasion by Russian federation on 24th February 2022 (but the truth is it started back in 2014). Now if sanctions are to work, bearing in mind there is so many countries eager to deal with Russia in the rest of the World, we must exercise a keen eye on what we purchase.

From a continental perspective, roughly half (50.8%) of Russia’s exports by value were delivered to fellow European countries while 39.8% were sold to importers in Asia. Russia shipped another 3% worth of goods to North America.

  1. Mineral fuels including oil: US$211.5 billion (43% of total exports)
  2. Gems, precious metals: $31.6 billion (6.4%)
  3. Iron, steel: $28.9 billion (5.9%)
  4. Fertilizers: $12.5 billion (2.5%)
  5. Wood: $11.7 billion (2.4%)
  6. Machinery including computers: $10.7 billion (2.2%)
  7. Cereals: $9.1 billion (1.9%)
  8. Aluminum: $8.8 billion (1.8%)
  9. Ores, slag, ash: $7.4 billion (1.5%)
  10. Plastics, plastic articles: $6.2 billion (1.3%)

NB: Iron and steel was the fastest grower among the top 10 export categories, up by 80.4% from 2020 to 2021.

In second place for improving export sales were international sales of Russian fertilizers via a 78.5% gain.

Russia’s shipments of ores, slag and ash posted the third-fastest gain in value up by 71.2%.

Major Russian Export Companies

Almost 30 Russian corporations rank among Forbes Global 2000. The following companies are selected examples of leading companies headquartered in Russia.

  • Gazprom (oil, gas)
  • Magnitogorsk Iron & Steel (iron, steel)
  • Mechel (iron, steel)
  • Severstal (iron, steel)
  • Sistema (telecommunications)
  • Surgutneftegas (oil, gas)

Wikipedia also lists large international trade players from Russia.

  • Alrosa (diversified metals)
  • LukOil (oil, gas)
  • Norilsk Nickel (diversified metals)
  • Novatek (oil, gas)
  • Novolipetsk Steel (iron, steel)
  • Rosneft (oil, gas)
  • Tatneft (oil, gas)
  • Transneft (oil and gas equipment)
  • UC Rusal (aluminum)
  • Uralkali (specialized chemicals)

…….For further locate on Google https://www.worldstopexports.com/russias-top-10-exports/

About World’s Top Exports

 
World’s Top Exports (WTEx) is an independent educational website designed to inspire researchers around the globe.

WTEx presents the latest export news, trends and opportunities by focusing on the biggest and fastest-growing exporting countries, leading trade partners, pertinent companies as well as essential trade products and services.

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