Get the Facts!
Russia's 140 million citizens are highly educated, with a literacy rate higher than 99%.
Russians real disposable incomes increased nearly 8% in 2004, jumping almost 9% in 2005, and rising another 10% each year in 2006 and 2007.
Although real disposable incomes in Russia grew at a slower rate of 2.7% in 2008 and contracted year-on-year (y-o-y) in 1H 2009 , consumer trends in recent years have made Russia an excellent market for U.S. value-added goods and services.
The Russian Economy Holds Long-Term Opportunities for U.S. Companies
Russias GDP grew an average of 7% annually over the past decade. If you measure Russias GDP in U.S. dollars, the Russian economy grew nine times over 1999-2008.
Although GDP growth has slowed amid the global economic crisis , Russia remains a large and important market.
According to World Bank estimates, Russias economy is valued at nearly US$1 trillion and is the 11th largest economy in the world - the largest economy not yet a part of the WTO. Many companies across the U.S. are looking to Russia for long-term expansion opportunities.
U.S. Trade with Russia Has Shown Significant Growth
Trade turnover between the U.S. and Russia grew more than 80% over 2004-2007 and rose another 35% in 2008 to total more than US$36 billion.
Bilateral trade in goods totaled US$11.2 billion in 1H 2009 , and Russia continues to be a promising destination for U.S. exports and an important supplier of key imports.
Russia Is a Major Destination for a Wide Array of U.S. Exports
The U.S. exports a broad range of products to Russia, from poultry and pork to aircraft and automobiles.
U.S. merchandise exports to Russia grew 33% over the previous year in 2005, rose another 20% in 2006, then jumped 56% in 2007 to exceed US$7 billion.
In 2008, exports to Russia rose 27% annually to total more than US$9.3 billion, and the U.S. exported another US$2.5 billion in goods to Russia in 1H 2009.
Russia Is an Increasingly Important Supplier of Goods to the U.S.
The U.S. imported more than US$19 billion in merchandise from Russia in 2007, followed by another US$27 billion in 2008, making Russia the U.S. 17th largest supplier of imports.
In 1H 2009, Russia exported more than US$8.6 billion worth of goods to the U.S., including US$6.1 billion worth of crude and non-crude petroleum oils.
Russia Is a Key Market for U.S. Energy Interests
Russia is the worlds largest natural gas exporter and the second largest oil exporter , making it an attractive market for U.S. energy companies and an important supplier of petroleum products.
The U.S. Has a Dynamic and Balanced Services Trade with Russia
U.S.-Russia trade in services totaled more than US$4 billion in 2005, growing to more than US$5 billion in 2006, exceeding US$6 billion in 2007 and reaching more than US$7.5 billion in 2008.
The U.S. and Russia have experienced nearly balanced trade in services since 2006.
Growing Two-Way Direct Investments are Benefiting Both the U.S. and Russia
Total inward foreign direct investment (FDI) in Russia jumped from nearly US$14 billion in 2006 to nearly US$28 billion in 2007, and held steady at approximately US$27 billion in 2008.
As of mid-2008, cumulative U.S. FDI in Russia totaled US$16 billion, and cumulative Russian FDI in the U.S. totaled US$5 billion.
Russia's 140 million citizens are highly educated, with a literacy rate higher than 99%.
Russians real disposable incomes increased nearly 8% in 2004, jumping almost 9% in 2005, and rising another 10% each year in 2006 and 2007.
Although real disposable incomes in Russia grew at a slower rate of 2.7% in 2008 and contracted year-on-year (y-o-y) in 1H 2009 , consumer trends in recent years have made Russia an excellent market for U.S. value-added goods and services.
The Russian Economy Holds Long-Term Opportunities for U.S. Companies
Russias GDP grew an average of 7% annually over the past decade. If you measure Russias GDP in U.S. dollars, the Russian economy grew nine times over 1999-2008.
Although GDP growth has slowed amid the global economic crisis , Russia remains a large and important market.
According to World Bank estimates, Russias economy is valued at nearly US$1 trillion and is the 11th largest economy in the world - the largest economy not yet a part of the WTO. Many companies across the U.S. are looking to Russia for long-term expansion opportunities.
U.S. Trade with Russia Has Shown Significant Growth
Trade turnover between the U.S. and Russia grew more than 80% over 2004-2007 and rose another 35% in 2008 to total more than US$36 billion.
Bilateral trade in goods totaled US$11.2 billion in 1H 2009 , and Russia continues to be a promising destination for U.S. exports and an important supplier of key imports.
Russia Is a Major Destination for a Wide Array of U.S. Exports
The U.S. exports a broad range of products to Russia, from poultry and pork to aircraft and automobiles.
U.S. merchandise exports to Russia grew 33% over the previous year in 2005, rose another 20% in 2006, then jumped 56% in 2007 to exceed US$7 billion.
In 2008, exports to Russia rose 27% annually to total more than US$9.3 billion, and the U.S. exported another US$2.5 billion in goods to Russia in 1H 2009.
Russia Is an Increasingly Important Supplier of Goods to the U.S.
The U.S. imported more than US$19 billion in merchandise from Russia in 2007, followed by another US$27 billion in 2008, making Russia the U.S. 17th largest supplier of imports.
In 1H 2009, Russia exported more than US$8.6 billion worth of goods to the U.S., including US$6.1 billion worth of crude and non-crude petroleum oils.
Russia Is a Key Market for U.S. Energy Interests
Russia is the worlds largest natural gas exporter and the second largest oil exporter , making it an attractive market for U.S. energy companies and an important supplier of petroleum products.
The U.S. Has a Dynamic and Balanced Services Trade with Russia
U.S.-Russia trade in services totaled more than US$4 billion in 2005, growing to more than US$5 billion in 2006, exceeding US$6 billion in 2007 and reaching more than US$7.5 billion in 2008.
The U.S. and Russia have experienced nearly balanced trade in services since 2006.
Growing Two-Way Direct Investments are Benefiting Both the U.S. and Russia
Total inward foreign direct investment (FDI) in Russia jumped from nearly US$14 billion in 2006 to nearly US$28 billion in 2007, and held steady at approximately US$27 billion in 2008.
As of mid-2008, cumulative U.S. FDI in Russia totaled US$16 billion, and cumulative Russian FDI in the U.S. totaled US$5 billion.
