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
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.
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