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

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EDC in Russia 2007

Canadian companies assisted
118

International buyers insured
164

Business volume (CAD$)
963.8 M

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.
What is Russia Buying from Canada?
Canadian Exports to Russia, 2007
Ranking Sector CAD$
1 Processed Food Products 224,542,617
2 Other Machinery & Equipment 147,900,682
3 Agricultural Machinery 126,156,229
4 Motor Vehicles & Parts 58,567,835
5 Special Industry Machinery 44,013,027
Russia's Fastest Growing Sectors
Forecast of Domestic Market Growth, 2009
Ranking Sector %
1 Motor Vehicles & Parts 13.4
2 Plastic Products 13.4
3 Electrical & Electronic Products 13
4 Professional, Science & Measuring Equipment 12.7
5 Aircraft 11
Source: EDC Economics.