Plastics Import of Russia in 2024: Brief Information of the Top Trade Partners

Russia, situated in Eastern Europe and Northern Asia has recorded itself as a leading importer of plastics in the global trade market. The lack of domestic production despite the growing demand in specific categories like automotive and construction units has led to a hike in the overall imports of Plastic. The hike in the import volumes is also driven by the strong demand from the food and beverage packaging industries. The automotive sector revival and the sanctions by the government authorities forcing the supply chain reconfiguration fuel the overall revenue rate.

The currency volatility and inflation influenced by the low-cost suppliers and the regulatory import tariffs fostering the relentless access in different central regions across the globe have led to an import trade value of plastic worth 23 billion US dollars. Import Globals with its Russia Export Data gives proper detailed information of the overall amount of plastics imported in the nation; highlighting the potential marketing regions for the business holders which can help them get a valuable trade growth in their future trade aspects.

GOVERNMENT INITIATIVES SUPPORTING THE IMPORT OF PLASTICS IN RUSSIA IN 2024

Despite Russia’s increasing efforts to increase domestic polymer production, the country is still facing severe challenges in fulfilling the domestic demand leading to a higher rate of plastic imports. The disruptions of traditional supply chains caused by Western sanctions have diversified the foreign sourcing. The Mutual Recognition of Authorized Economic Operators signed by the Russian government authorities has simplified the customs clearance for certified importers.

The state-backed investment pool for import substitution industries by the Ministry of Industry has allocated soft loans and guarantees; the initiative has targeted polymer production and processing while boosting the import infrastructure to grab the attention of the topmost foreign exporters.

THE LEADING VARIANTS OF PLASTIC IMPORTED IN RUSSIA IN 2024

The growing disposable incomes and the increase in the middle-class population of the nation have led to diversity in the plastic imports. According to the Russia Import Data, the top 10 leading variants of plastics imported in the nation in 2024 are,

  1. High‑Density Polyethylene — The total annual valuation of High‑Density Polyethylene imported in Russia in 2024–5.65 billion US dollars
  2. Low‑Density Polyethylene– The total annual valuation of Low‑Density Polyethylene imported in Russia in 2024–4.32 billion US dollars
  3. Polypropylene– The total annual valuation of Polypropylene imported in Russia in 2024–2.76 billion US dollars
  4. Polyethylene Terephthalate– The total annual valuation of Polyethylene Terephthalate imported in Russia in 2024–1.98 billion US dollars
  5. Polystyrene– The total annual valuation of Polystyrene imported in Russia in 2024–1.42 billion US dollars
  6. Polyvinyl Chloride– The total annual valuation of Polyvinyl Chloride imported in Russia in 2024–1.21 billion US dollars
  7. Amino‑resins– The total annual valuation of Amino‑resins imported in Russia in 2024–1 billion US dollars
  8. Polymers of Styrene– The total annual valuation of Polymers of Styrene imported in Russia in 2024–765 million US dollars
  9. Polyethers– The total annual valuation of Polyethers imported in Russia in 2024–543 million US dollars
  10. Polyolefins– The total annual valuation of Polyolefins imported in Russia in 2024–423 million US dollars

THE TOP 10 IMPORT TRADE PARTNERS OF RUSSIA IN 2024

Russia’s active participation in international trade fairs and the valuable pricing strategies offered have strengthened the economic ties of the nation. According to the Russia Customs Data, the top 10 import trade partners of the nation in 2024 are,

  • China — The total annual valuation of plastic imported in Russia from China in 2024–6.54 billion US dollars

Top 5 variants of plastics imported

1. Starch-based Plastics

2. Cellulose Acetate

3. Polycaprolactone

4. Bio-based Polyethylene

5. Bio-based Polypropylene

  • Germany — The total annual valuation of plastic imported in Russia from Germany in 2024–4.78 billion US dollars

Top 5 variants of plastics imported

1. Styrenic Block Copolymers

2. Polyisoprene Rubber

3. Butyl Rubber

4. Polylactic Acid

5. Polyhydroxyalkanoates

  • Turkey– The total annual valuation of plastic imported in Russia from Turkey in 2024–3.42 billion US dollars

Top 5 variants of plastics imported

1. Polyurethane Foam

2. Closed-cell Polyethylene Foam

3. Expanded Ethylene Vinyl Acetate Foam

4. Crosslinked Polyethylene Foam

5. Thermoplastic Elastomers

  • Kazakhstan– The total annual valuation of plastic imported in Russia from Kazakhstan in 2024–2.65 billion US dollars

Top 5 variants of plastics imported

1. Unsaturated Polyester Resin

2. Vinyl Ester Resin

3. Cyanate Ester Resin

4. Silicone Resin

5. Polycarbonate Acrylonitrile

  • Italy– The total annual valuation of plastic imported in Russia from Italy in 2024–1.78 billion US dollars

Top 5 variants of plastics imported

1. Ethylene Chlorotrifluoroethylene

2. Polytetrafluoroethylene

3. Perfluoroalkoxy Polymer Resin

4. Fluorinated Ethylene Propylene

5. Epoxy Resin

  • Belarus– The total annual valuation of plastic imported in Russia from Belarus in 2024–1.21 billion US dollars

Top 5 variants of plastics imported

1. Polyphenylene Ether

2. Polyphenylene Sulfide

3. Polyether Ether Ketone

4. Polyether Ketone Ketone

5. Polyimide

  • South Korea– The total annual valuation of plastic imported in Russia from South Korea in 2024–1 billion US dollars

Top 5 variants of plastics imported

1. Extruded Polystyrene

2. Polybutylene

3. Ethylene Vinyl Acetate

4. Acrylonitrile Butadiene Styrene

5. Styrene Acrylonitrile

  • United States– The total annual valuation of plastic imported in Russia from the United States in 2024–700 million US dollars

Top 5 variants of plastics imported

1. Polyethylene Terephthalate

2. Amorphous Polyethylene Terephthalate

3. Crystalline Polyethylene Terephthalate

4. Polyethylene Naphthalate

5. Polystyrene

  • France– The total annual valuation of plastic imported in Russia from France in 2024–600 million US dollars

Top 5 variants of plastics imported

1. Polypropylene

2. Random Copolymer Polypropylene

3. Impact Copolymer Polypropylene

4. Polyvinyl Chloride

5. Polyvinyl Chloride

  • Japan– The total annual valuation of plastic imported in Russia from Japan in 2024–400 million US dollars

Top 5 variants of plastics imported

1. Polyethylene

2. High-Density Polyethylene

3. Low-Density Polyethylene

4. Linear Low-Density Polyethylene

5. Ultra-High Molecular Weight Polyethylene

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