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Russia

Nominal GDP (2007)
USD 1.29 trillion

Population (2007)
142.3 million

Total Trade / GDP
44.9%

Currency
Russian rouble

Merchandise imports from Canada (2007)
CAD 1.06 billion

Main imports
Machinery and equipment
Motor vehicles
Steel products
Medicine
Communication equipment

+ more

 

EDC in Russia 2008

Canadian companies assisted:
147

International buyers insured:
207

Business volume (CAD$):
1.074 B

Country Information

Russia

Canada has a well established trade relationship with Russia and the activities of Canadian firms are growing at a fast pace. Business opportunities exist across a wide range of sectors that match Canadian capabilities. EDC sees excellent export and investment opportunities for Canadian companies in the following sectors: agricultural and agri-food products; agricultural equipment; forestry equipment; oil and gas equipment and services; mining equipment and services; transportation, and information and communication technologies. In addition to these, EDC will look at transactions in any sector in which Canadian companies have found opportunities.

EDC's Position

  • Actively seeking new business
  • Open under all programs, subject to EDC's regular approval criteria.

With representation in Moscow covering the countries of the Commonwealth of Independent States (CIS), EDC is actively providing on-the-ground support to Canadian companies doing business in Russia. EDC has developed relationships with leading Russian financial institutions and major Russian buyers in key industry sectors in order to open doors to Canadian companies. EDC can also help Canadian investors mitigate country risk through its various political risk insurance products.

Discover New Markets

A guide to the most promising new markets for Canadian goods and services.


Contact EDC
  • 1-888-332-7844
  • europe@edc.ca

  • EDC Representative for this location
EDC Representatives in Russia
Are You a Canadian Exporter or Investor?
We can help you...
  • Manage your receivables
  • Access more working capital
  • Grow your international sales
  • Research potential customers
Are You an International Buyer?
We can help you...
  • Purchase Canadian goods and services through a direct loan
  • Secure additional financing through financial institutions
  • Access new or existing lines of credit
Top Ten Potential Sectors from EDC’s Trade Opportunities Matrix
RankingRussiaActual Canadian Exports to Russia 2008 (CAD$)Canada's Share of Russia Imports (%) (1)Domestic Market Growth Forecast 2009 (%)Domestic Market Growth Forecast 2010 (%)
1ISIC 311 - Processed Food Products Russia386,336,4301.1721.228.6
2ISIC 3822 - Agricultural Machinery Russia179,603,41010.7419.628.1
3ISIC 3829 - Other Machinery & Equipment Russia135,403,4810.9624.627
4ISIC 3849 - Other Transportation Equipment Russia17,247,7792.0720.427.9
5ISIC 3843 - Motor Vehicles & Parts Russia36,362,8170.2635.626.1
6ISIC 3824 - Special Industry Machinery Russia100,362,1700.2826.829.9
7ISIC 3825 - Office & Computing Machinery Russia35,261,3190.0731.222
8ISIC 3851 - Professional, Science,Measuring equipment Russia35,322,5860.7922.227.5
9ISIC 1 - Agriculture, Hunting, Forestry, Fishing Russia55,826,9380.2126.537.7
10ISIC 3845 - Aircraft Russia51,812,5613.0320.144.1
Where does this information come from?
The information displayed in this table is extracted from the Trade Opportunities Matrix (TOM), an EDC tool used to rank opportunities based on a range of economic, financial and industry-specific criteria. It is important keep in mind that the TOM rankings refer to potential export opportunities, which may not reflect actual Canadian exports.
  • TOM is an empirically-based tool that provides an objective and forward-looking analysis of the most attractive markets for Canadian exporters.
  • Using up-to-date economic and financial criteria, TOM ranks Canadian export opportunities in 44 industries, across 69 countries.
  • TOM provides an objective starting point for export market research, which can be used to complement in-depth industry analysis and sector-specific knowledge.
Please refer to the TOM background paper for additional details.
Related Documents
1. 2008/02/21 - Ukraine/Russia: A brave, new world emerges in Russian-Ukrainian gas diplomacy…will it hold despite Ukraine? - EDC
2. 2008/06/19 - Russia: Gazprom sets sights high - EDC
3. 2009/03/12 - Russia: The trial of Mikhail Khodorkovsky, President Medvedev and the misrule of law - EDC
4. Presentation on the Launch of EDC’s Permanent Representation in Russia - EDC
5. 2007/11/29 - Russia : Duma elections will further imprint Vladimir Putin’s stamp on Russia - EDC
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