5 Countries With The Highest Trade Surplus in the World

2. Russian Federation

Net Trade Surplus in US$ (Thousands): 293,312,610.00

Russia’s vast natural resources form the foundation of its exports. Oil and petroleum products are its major exports, led by crude petroleum at around $133 billion as of 2022.  Natural gas, timber, fertilizers, machinery and equipment, and even armaments add to Russia’s export portfolio. China is Russia’s biggest trading partner, with a trade volume exceeding $101 billion as of 2022.  India, Germany, Turkey, and Italy are prominent Russian trading partners.