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Russia's leading export partners in 2020, by export value

Russia's leading five export partners in 2020 were China, the Netherlands, United Kingdom, Germany, and Belarus. The value of total exports from Russia to its major trade partner - China amounted to nearly 49 billion U.S. dollars in 2020.

Trade between Russia and China

   China was not only the leading export destination of Russian commodities, but also the major import partner of the country. Until 2018, the value of Russian imports from China prevailed the Russian exports’ worth to the country. It was in 2019 when for the first time, the trade balance of Russia with China turned positive and amounted to about 2.6 billion U.S. dollars. Mineral and energy products, which are Russia’s primary export goods, were also most imported commodities by China from the country.

Russian trade with Europe

   Following a significant drop in trade flows between Russia and EU-28 from 2015 to 2017, the figures experienced positive dynamics over the past years. In 2020, Russian export value to EU-28 marked at nearly 136 billion U.S. dollars - roughly 55 billion U.S. dollars greater than the European imports’ worth to Russia in that year. Germany was the major importer of Russian goods in the region, as well as Russia’s second largest import partner in 2020.

Export value of goods from Russia in 2020, by major destination country

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Source

Release date

February 2021

Region

Russia

Survey time period

2020

Supplementary notes

Figures were rounded.

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