U.S. Trade Deficit With Russia Up 93.9% in 2021

 Source:

https://cnsnews.com/article/international/terence-p-jeffrey/us-trade-deficit-russia-939-2021

"The United States merchandise trade deficit with Russia increased by 93.9% in 2021, according to data published this month by the Census Bureau.

In 2020, when President Donald Trump was in office, the United States imported $16,901,100,000 in goods from Russia and exported $4,886,900,000 to Russia, resulting in a bilateral trade deficit of $12,014,2000,000.

In 2021, when Joe Biden took office, the United States imported $29.7 billion in goods from Russia and exported $6.4 billion to Russia, resulting in a trade deficit of $23.3 billion.

That was a one-year increase of $11.3 billion, or 93.9%.

The Census Bureau has reported the U.S.-Russia merchandise trade balance going back to 1992, which was the first year after the demise of the Soviet Union.

In 1992 and 1993, the United States ran relatively small trade surpluses with Russia ($1.6 billion) and ($1.2 billion).
Then, in 1994, the United States ran a merchandise trade deficit of $66.9 million with Russia.

In every year since then, the United States has continued to run a trade deficit with Russia.

2021 was the 28th straight year that the United States has run a trade deficit with Russia.

The largest U.S. trade deficit with Russia came in 2011, when it hit $26.3 billion.

The second largest was last year’s $23.3 billion.

The Top Ten imports the United States bought from Russia in 2021, according to the Census Bureau, were

fuel oil ($10,265,587,048);
crude oil ($4,714,801,618);
precious metals ($2,594,065,110);
petroleum products,
other ($2,528,835,6662);
steelmaking materials ($1,638,966,123);
fish and shellfish ($1,202,782,496);
chemicals and fertilizers ($1,178,648,667);
iron and steel mill products ($1,040,637,351);
nuclear fuel materials ($688,757,733);
and bauxite and aluminum ($528,663,788)"