Russia is one of world’s most important emerging markets, defined by both its size and its growth potential. Despite the difficulties of the global financial crisis, the Russian economy has performed remarkably well over the last decade, with average GDP growth of almost 7 per cent in the period 1999-2008. Following a year of economic contraction in 2009, the World Bank’s GDP forecast for Russia in 2010 is 3.2 per cent growth.

Many Australian companies have been exporting to Russia for years and have successfully established themselves in the market. Australian small and medium-sized companies are now represented in the market alongside large, well-established multinational companies.

Main growth opportunities

There are a number of exciting business opportunities for Australian companies in Russia:

• Building and Construction
• Consumer Goods
• Education
• Food and Beverage
• Mining and Metals
• Oil and Gas
• Professional Services
• Technology Equipment and Services
• Tourism and Leisure
• Wine

For more information, follow the links to read Austrade's business opportunity profiles to find out about potential opportunities in each industry.