What does the US import and export from Russia?

On Monday, June 14, President Trump, joined by NATO head Mark Rutte, said he was considering imposing 100 percent tariffs on Russian imports to the US. "We are very, very unhappy with [Russia], and we’re going to be doing very severe tariffs if we don’t have a deal in 50 days," said the president from the Oval Office. President Trump followed up his threat saying that he hoped that a ceasefire could be agreed to before the deadline to avoid the punative tariffs.

Before Russia’s full-scale invasion of Ukraine, the country ranked as the United States’ 40th largest export market and 20th largest source of imports. In total, Russia spent around $5.8 billion on US goods—a figure that actually represented a 13.1 percent decrease from 2018 to 2019. Meanwhile, the US imported more than $22.3 billion worth of goods from Russia.

However, in 2024, the total value of trade between the US and Russia reached around $3.5 billion, according to the Office of the US Trade Representative. The US exported approximately $526.1 million in goods to Russia, whereas Russia exported around $3 billion in goods to the US. Exports from both countries fell compared to 2023, with Russian exports to the US falling by more than a third. These data show that the US was operating a $2.5 billion trade deficit with Russia.

What does the US export and import from Russia?

Historically, the most common products imported from Russia include "mineral fuels ($13 billion), precious metal and stone (platinum) ($2.2 billion), iron and steel ($1.4 billion), fertilizers ($963 million), and inorganic chemicals ($763 million)." Many of the important are critical to the manufacturing of highly technological products. The exports the US sends to Russia are also quite technological, including “machinery ($1.2 billion), aircraft ($1.2 billion), vehicles ($725 million), optical and medical instruments ($506 million), and electrical machinery ($349 million).

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