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Market Information: Russia

Profile

Capital:        
Moscow

Population:    
143.7 million

Language(s):    
Russian, others

Government:    
Federal Republic

Head of State:
President Vladimir Putin

Head of Government:
Prime Minister Dmitry Medvedev

Currency:  Russian Rouble (RUB)
CDN$1 = 42.63 RUB (April 2015)

GDP: (billion)
$2,051.5 (2014)

GDP per capita:
$14,276.29 (2014)

GDP growth rate:
0.62% (2014)

Unemployment:
5.11% (2014)

Inflation:
7.82% (2014)

Market opportunities

  • Aerospace
  • Agricultural Machinery
  • Agriculture, Food and Beverages
  • Infrastructure, Building Products and Related Services

Trade and investment

  • Manitoba-Russia two-way trade was more than $148.0 million in 2014.
  • In 2014, Russia was the 5th largest destination for Manitoba’s domestic exports.
  • In 2014, Manitoba exports to Russia exceeded $138.2 million. Main export products included:  pork (fresh/chilled/frozen), tractors, harvesting/threshing/agricultural machinery, prefabricated buildings and live swine.
  • Manitoba imported $9.8 million worth of goods from Russia in 2014. Top imported products included: harvesting/threshing machinery, fertilizers (other), mineral/chemical fertilizers, flat products of iron/non-alloy steel and tubes/pipes/hollow profiles. 
  • Manitoba accounted for approximately 12.0% of Canada’s exports to Russia in 2014.