U.S.-Russia Trade: Opportunities for U.S. Exporters: Get the Facts!
The Russian Market Holds Long-Term Opportunities for U.S. Exporters
With Russia’s GDP and disposable income levels on the rise in recent years, bilateral trade between the United States and Russia saw substantial growth before the recent global economic crisis. As the two countries recover from the crisis, Russia remains an important market for U.S. exporters.
U.S. Firms across Sectors are Actively Exporting to Russia
Russia’s emerging market is a source of demand for a wide variety of goods imported from producers across all sectors of the U.S. economy.
Russia Is a Major Destination for U.S. Meat Exports
In 2009, Russia was the largest export market for U.S. poultry9 and the 5th largest destination for U.S. pork and pork products.10 Russia has also recently reemerged as an important market for U.S. beef.
Russia Is an Important Market for U.S.-Made Vehicles and Parts
The vastness of Russia’s territory drives demand for aircraft, cars and vehicle parts, presenting export opportunities for U.S. vehicle manufacturers.
Russia Relies on Foreign Machinery to Help Extract Its Abundant Resources
Russian mining and harvesting firms utilize imported equipment to extract and gather oil, gas, minerals, food, and timber and bring them to market.
_____________________________________________________________________
1. U.S. International Trade Commission Interactive Tariff and Trade DataWeb, Total U.S. Exports to Russia, (All Export Categories) 2003-2009, by FAS Value.
2. “ОСНОВНЫЕ ЭКОНОМИЧЕСКИЕ И СОЦИАЛЬНЫЕ ПОКАЗАТЕЛИ,” Federal State Statistics Service Website, http://www.gks.ru/bgd/regl/b09_01/IssWWW.exe/Stg/d12/1-0.htm, (accessed March 16, 2010).
3. “Russians' Real Disposable Incomes up 2.7% on Year in 2008,” Prime-Tass English-Language Business Newswire, January 27, 2009.
4. Keith Bush, “Russian Economic Survey, April 2009,” U.S.-Russia Business Council, https://www.usrbc.org/pics/File/EconSurvey/2009/SurveyApril2009.pdf (accessed July 8, 2009).
5. U.S. International Trade Commission Interactive Tariff and Trade DataWeb, Total U.S. Exports to Russia, (HTS-8471) 2005-2009, by FAS Value.
6. U.S. International Trade Commission Interactive Tariff and Trade DataWeb, Total Exports to Russia, (HTS-3304), 2005-2009, by FAS Value.
7. U.S. International Trade Commission Interactive Tariff and Trade DataWeb, Total U.S. Exports to Russia, (HTS-0802) 2005-2009, by FAS Value.
8. U.S. International Trade Commission Interactive Tariff and Trade DataWeb, Total U.S. Exports to Russia, (HTS-080211 and HTS-080212) 2005-2009, by FAS Value.
9. U.S. International Trade Commission Interactive Tariff and Trade DataWeb, Total U.S. Exports to All Countries, (HTS-0207) 2005-2009, by FAS Value.
10. U.S. International Trade Commission Interactive Tariff and Trade DataWeb, Total U.S. Exports to All Countries, (HTS-0203) 2005-2009, by FAS Value.
11. U.S. International Trade Commission Interactive Tariff and Trade DataWeb, Total U.S. Exports to Russia, (HTS-0207) 2005-2009, by FAS Value and by Quantity.
12. U.S. International Trade Commission Interactive Tariff and Trade DataWeb, Total U.S. Exports to Russia, (HTS-0203) 2005-2009, by FAS Value and by Quantity.
13. U.S. International Trade Commission Interactive Tariff and Trade DataWeb, Total U.S. Exports to Russia, (HTS-0201+ HTS-0202) 2005-2009, by FAS Value.
14. U.S. International Trade Commission Interactive Tariff and Trade DataWeb, Total U.S. Exports to Russia, (HTS-8800000000, HTS-8802120040, HTS-8802400060, HTS-8802110090, HTS-8802120080, HTS-8802400090, HTS-8802110030, HTS-8802200015, HTS-8802300060, HTS-8802300040, HTS-8802300030, HTS-8802300080, HTS-8802200040, HTS-8802200080, HTS-8802200060, HTS-8802110045, HTS-8802400040), 2005-2009, by FAS Value.
15. Philip Butterworth-Hayes, “Central, East Europe Lead Aviation Growth,” Aerospace America, October 2008.
16. U.S. International Trade Commission Interactive Tariff and Trade DataWeb, Total U.S. Exports to Russia, (HTS-8703) 2005-2009, by FAS Value and by Quantity.
17. U.S. International Trade Commission Interactive Tariff and Trade DataWeb, Total U.S. Exports to Russia (HTS-8407 + HTS-8408 + HTS-8409 + HTS-8412), 2003-2009, by FAS Value.
18. U.S. International Trade Commission Interactive Tariff and Trade DataWeb, Total U.S. Exports to Russia (HTS-8413500010, HTS-8413600050, HTS-8428900020, HTS-8428908020, HTS-8430494000, HTS-8430498010, HTS-8430498020, HTS-8431390050, HTS-8431398050, HTS-8431434000, HTS-8431438010, HTS-8479899550, HTS-8479899750, HTS-8479899850, HTS-8485900040, and HTS-8487900040), 2003-2009, by FAS Value.
19. U.S. International Trade Commission Interactive Tariff and Trade DataWeb, Total U.S. Exports to Russia, (HTS-8701901065, HTS-8701901070, HTS-8701901060, HTS-8701901055, HTS-8701901090, HTS-8701901035, HTS-8701901015, HTS-8701901010, HTS-8701901040, HTS-8701901030, and HTS-8701901005) 2003-2009, by FAS Value.
20. U.S. International Trade Commission Interactive Tariff and Trade DataWeb, Total U.S. Exports to Russia, (HTS-8467810000) 2003-2008 and Jan-Oct 2009 YTD, by Quantity.