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Russia — Market Overview

Europe>Russia

🇷🇺 Russia

Russia is best read through energy revenues, sanctions constraints, the ruble, and state policy, because those forces dominate capital flows and valuation far more than a standard emerging-market framework would suggest. The cleanest read usually comes from oil and gas receipts, ruble stability, fiscal support, and whether domestic investors keep absorbing a restricted market structure.

Mappa regionale

Dati chiave

Russia in sintesi

Capital

Moscow

Currency

Russian Ruble (RUB)

Primary exchange

Moscow Exchange

Central bank

Russia Central Bank

Region

Europe

Time zone

Europe/Moscow

Fonte: Rosstat,

Country dashboard

Perché questo mercato conta

This first pass is built as a reusable country page instead of a static essay. The page now combines a stylized country map, a switchable line-chart explorer, and linked peer countries so users can move from Russia into the rest of the region without losing the macro frame.

Esploratore macro

Cambia variabile, mantieni il contesto del paese

GDP, inflation, labor, policy, and industrial activity are shown on a quarterly path from 2000 onward, while debt and the local equity benchmark come in when usable history exists. This keeps the page focused on fiscal room and macro regime while the broader official country pipeline keeps expanding.

Real GDP growth

Russia starter GDP-growth path anchored to sourced country profile readings; full official historical wiring is still pending.

-4.0%-2.0%0.0%2.0%4.0%6.0%201020112012201320142015201620172018201920202021202220232024
Clicca un anno per ingrandire da quel punto.

Variabili disponibili

Real GDP growth

3.6%
Trend 1A-2.3%
Crescita media+3.7%

Cosa segnala

GDP growth is published quarterly and annualized, so each point captures how fast real output was expanding or contracting versus the prior quarter at an annual rate. It matters because it is the broadest scorecard of domestic economic momentum and sets the backdrop for revenues, employment, and policy expectations. Versus a year ago, the series is lower by 2.3%, which points to a softer or less supportive backdrop on this measure. Across the displayed window, the broader trend is still upward.

Scambi e posizione esterna

Esportazioni, servizi e bilancia con l'estero

Invece di un generico muro di schede macro, questa sezione si concentra su come il paese attira domanda dall'estero, dove sta il suo vantaggio commerciale e come evolve la bilancia con l'estero.

Interscambio totale RussiaRUB 858,8 Mld
Beni
Servizi
Beni
Servizi
EsportazioniRUB 476,4 Mld
RUB 382,4 MldImportazioni
Bilancia con l'estero2024
Esportazioni +RUB 476,4 Mld
Importazioni -RUB 382,4 Mld
Saldo+RUB 94,0 Mld
RUB 476,4 Mld
Total exports

The full export figure, combining goods and services in one line. It is the cleanest way to read how much external demand Russia is capturing across both physical products and higher-value intangible flows.

RUB 433,1 Mld
Goods exports

This is the merchandise side of exports: industrial supplies, capital goods, autos, food, and other physical products. It matters because it reflects the health of manufacturing, energy, aerospace, and the broader global industrial cycle.

RUB 43,1 Mld
Services exports

This is the intangible side: finance, travel, licensing, business services, and IP-linked flows. It matters because it shows where Russia is strongest in higher-margin, knowledge-intensive, and branded service activities.

Composizione degli scambi

Cosa esporta il paese

Partner commerciali

Dove commercia il paese

Lente sulle commodity

Esposizione alle materie prime

Trade openness39.5%

Trade in goods and services equaled 39.5% of GDP in 2024. This is a quick read on how externally exposed the economy is.

Services share of exports9.0%

Services represented 9.0% of total exports in the latest reading, which helps show whether the export mix leans more toward intangibles or merchandise.

Manufactures share22.1%

Manufactures accounted for 22.1% of merchandise exports in 2021.

Fuel share43.1%

Fuel exports accounted for 43.1% of merchandise exports in 2021, useful for reading commodity exposure.

Food share6.6%

Food exports accounted for 6.6% of merchandise exports in 2021, adding context on agricultural exposure.

Cosa osservare

Chiave di lettura

01

energy revenues

Russia should first be read through energy revenues. When this regime shifts, local multiples and sector leadership usually shift with it.

02

ruble stability

The cleanest read usually comes from oil and gas receipts, ruble stability, fiscal support, and whether domestic investors keep absorbing a restricted market structure. That makes ruble stability one of the most important signals for revising the country narrative.

03

domestic liquidity and policy

The final layer is domestic liquidity and policy, because it determines whether the macro backdrop turns into sustainable earnings support for the IMOEX.

Altri paesi

Continua attraverso Europe

Ogni scheda apre lo stesso modello di paese con la propria mappa, variabili macro selezionabili e vista benchmark. È la prima rete collegata di pagine paese nella regione.