forex trade

The United States sold $5.4 billion worth of exports to Russia in 2009, 42.3% less than in 2008. Over that sample period, American purchases of Russian imports declined by 31.9% to $18.2 billion.

Overall, the U.S. trade deficit with Russia was $12.8 billion – a 26.4% improvement over the $17.4 billion deficit in 2008.

U.S. Export Growth Industries by Product

Lower prices for Russian oil exports partly explain the improvement in America’s trade balance with Russia.

Just as important is the fact that Russia is a developing country that needs a wide range of American products.

Of the 4,847 different product categories that the U.S. shipped to Russia during 2009, 42% or 2,028 of these exports posted trade surpluses against comparable Russian imports