Russia Imports Report - Trade Figures and Import Data of Russia

Russia total imports in 2015 stood at USD 177292663000, declined from 2014’s USD 286648777000. The country recorded the highest import value in 2012, when it purchased goods worth USD 316192918000. And the lowest trade figures of Russia imports stood at USD 41865362000 in 2001. China was the largest exporter country to Russia imports in financial year 2015-16. It did the business of USD 34077598000 with Russia during the said period. Let’s have the complete Export Genius Russia imports report from 2001 to 2015 right away, whilst accessing the import data of Russia trade..

Import Value 2001 (USD’000)	Import Value 2002 (USD’000)	Import Value 2003 (USD’000)	Import Value 2004 (USD’000)	Import Value 2005 (USD’000)
418,65,362	461,76,985	573,45,988	755,69,015	987,07,256

Import Value 2006 (USD’000)	Import Value 2007 (USD’000)	Import Value 2008 (USD’000)	Import Value 2009 (USD’000)	Import Value 2010 (USD’000)
1378,11,060	1997,25,955	2670,51,244	1708,26,590	2289,11,658

Import Value 2011 (USD’000)	Import Value 2012 (USD’000)	Import Value 2013 (USD’000)	Import Value 2014 (USD’000)	Import Value 2015 (USD’000)
3060,91,490	3161,92,918	3149,45,095	2866,48,777	1772,92,663

Since 2001, the total import data of Russia have been on the rise, except in 2009, when the import value of products became half as compared to previous year. As per the Russia imports report of 2001-2015, the country started experiencing a shortfall in the import data of Russia total products from 2014. The trade figures of Russia total imports in 2013, 2014 and 2015 stood at USD 314945095000, USD 2866488777000 and USD 177292663000 respectively

Russia’s main imports in 2015 were: machinery, nuclear reactors, boilers, etc. (18.82% share to total Russia imports), electrical & electronic equipment (11.62% share to Russia total imports), vehicles other than railway & tramway (8.42% share to total Russia imports, pharmaceutical products (4.71% share to Russia total imports) and plastics (4.2% share to total Russia imports).

Main import partners of Russia in 2015 were: China (19.2% share to total Russia imports), Germany (11.2% to Russia total imports), United States of America (6.1% to total Russia imports), and Belarus (4.8% share to Russia total imports), Italy (4.6% share to total Russia imports), Japan (3.8% share to Russia total imports) and France (3.3% share to total Russia imports).

Trade Analysis of Largest Russia Imports

Russia Import Category	2015 Import Figure (USD'000)	2014 Import Figure (USD'000)	Highest Import Figure (USD'000)	2015 Largest Exporter Country
Imports of Machinery, Nuclear Reactors, Boilers, etc.	33370722	52105387	57818026 (Year 2012)	China
Imports of Electrical, Electronic Equipment	20603973	33740293	35592204 (Year 2012)	China
Imports of Vehicles Other Than Railway, Tramway	14928376	31426474	48072195 (Year 2008)	Japan
Imports of Cars	6355931	13161867	30266002 (Year 2008)	Japan
Imports of Pharmaceutical Products	8354620	12804390	14552450 (Year 2013)	Germany
Imports of Plastics	7453769	11030032	11503318 (Year 2012)	Germany
Imports of Iron and Steel	3207932	5701047	5891705 (Year 2013)	Ukraine
Imports of Citrus Fruits	1137824	1486705	1677990 (Year 2013)	Turkey
Imports of Bananas	894196	957741	996388 (Year 2013	Ecuador
Imports of Apples	533544	979558	1241935 (Year 2012)	Serbia
Imports of Grapes	304231	451372	666096 (Year 2010)	Turkey
Imports of Watermelons	12239	13785	044912 (Year 2008)	Turkey
Imports of Mandarins	577287	728221	810654 (Year 2013)	Morocco
Imports of Oranges	299931	418493	512110 (Year 2011)	Egypt
Imports of Lemons	170638	210271	226708 (Year 2013)	Turkey

From this trade report of Russia imports, it can be concluded that Russia is both one of the largest importers and exporters of machinery & nuclear reactors and mineral fuels & oils. The Russia import-export data of 2015 clearly shows that machinery & nuclear reactors stood at 1^st and 5^th position as import and export respectively of Russia in the said period. And mineral fuels & oils stood at 13^th and 1^st position as import and export respectively of Russia during same time.

View complete import reports of Russia @ http://www.exportgenius.in

3 Essential Steps for Entering into Russian Market

Owing a business? Want to sell your products internationally? Wish to get into the Russian market? Well, it only takes proper research and a great plan to make sure your exporting and international expansion efforts pay off. After so much of thinking, if you finally have decided to take your business into the Russian market, you’re decision is right but you have to prepare a strategy for getting the desired business results.

Despite simplification of the Russian trade policy structures, there is still a substantial amount of risk involved if you want to export or set up business operations in this country. To minimize that risk, you need a structured and strategic approach to international growth in order to make sure that your limited resources produce maximum sales results. Follow these 3 essential steps given below for taking your business into Russian market successfully!

Step 1 – See What’s Having in Your Hand

The first step of getting into the Russian market is to look on your business. Get the answer of some questions like how prepared are you for this next phase of your business growth?

• Your Products and Services: What will make your products and services different from the others in this competitive foreign market? Are you ready and able to adapt them to the requirements and desires of customers in your target markets?
• Your Team: Do you have adequate people in the departments including human resources, sales and marketing? What additional workforces will your need?
• Your Leadership: Are the owners and senior managers of your business all on board? Are you ready to get the outside expertise you need to support management?
• Your Finances: Does your business have sufficient capital to make a long-term commitment to your export capabilities or other foreign expansion projects?

Step 2 – Find the Best Markets for Your Business

Now it’s time for researching a potential market in Russia. Screen them objectivity both for risk factors and opportunities. How easy can it be to do business in a given foreign market? Find the answer of it by investigating every aspect of exporting goods into Russian market and looking for the risks involved in doing the business in that country.

You need to do research work on whether there is growing demand of your product in the selected Russian market and a base of potential clients with the interest and money to buy. Once you have distilled your options to a shortlist of potential markets in Russia, the last is to make a final call in line with your company’s situation. For this, you need to get through the business contacts for learning about the local rules, competition and distribution channels. The best way to do this is attending trade shows that take place around the world. You can attend a trade event in Russia so that you can understand the business scenario of the country.

Step 3 – Plan and Execute

By this stage, with your Russian market entry strategy, you have to execute your plan of attack. In your market entry strategy, you should clearly define your business objectives. Your business plan should spell out the following information:

• A budget outlining how much capital you’ll need to finance your business project.
• The Russian markets within the regions you are targeting.
• The business risks and opportunities you foresee in the Russian market.
• You must have the knowledge of your competitors would be in the market.
• You must know the ways in which you may have to adapt or customize your offering including labelling, packaging and promotion while keeping the consumer tastes, regulatory requirements of the country and cultural preferences in the mind.
• A method for taking into product adaptation & costs of exporting into account.
• A method for determining pricing and exchange rate.
• You must be constant on the objectives of your business and time frame to accomplish them.

Now you’re ready to start selling into the Russian market. Your big focus would be on establishing long-term relationships in your new Russian market. In addition to this, you need to be patient while doing your export business in Russia as it often takes few years for an international expansion to take root.

Read more to access import export record of Russia visit at http://www.exportgenius.in/export-import-trade-data/russia-import.php