As one of the largest economies in the world, Russia stands as the 17th largest importer of goods in the world as of 2013. With an import spending that is projected at $317.8 billion, approximately 18.1 percent of Russia's import spending goes into the product category machines, engines and pumps. Following closely at 12.6 percent of import spending is vehicles, with third being electronic equipment.Continue Reading
According to a 2010 report by Economy Watch, Russia has a positive trade deficit, with the economy exporting more goods in terms of value when compared to its imports. In 2010, Russia's exports were valued at approximate $429.4 billion when compared to an imports value of $247.7 billion. While the majority of Russia's imports has remained the same in the machinery, vehicles, and transport equipment categories, there has been an increase in the import of goods such as silk and dairy products between the periods of 2009 and 2013.
Some of Russia's primary export categories include oil, natural gas, metals and timber. In 2010, approximately 44.8 percent of Russia's exports was sold to the European Union. The same relationship holds true in terms of imports, with 50.2 percent of all of Russia's imports coming from the same region.Learn more about Economics