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Russia: Import of goods from 2017 to 2017 (in billion U.S. dollars)

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Import of goods to Russia 2017 This statistic shows the value of imports of goods to Russia from 2007 to 2017. In 2017, around 237.78 billion U.S. dollars worth of goods were imported into Russia.
Trade in Russia

The value of goods imported to Russia dropped in 2014, likely due to a trade ban imposed on U.S. and European agricultural goods in the aftermath of the Ukraine invasion and subsequent European sanctions against Russia. The ban impacted a range of European countries; among the most affected were Germany and the United States, Russia’s second and third most important import partners respectively.

The total value of U.S. exports to Russia also dropped in 2014. However, the extent of sanctions from Europe is limited, considering most of Europe is highly dependent on Russian gas. Furthermore, Germany being one of Russia’s biggest import partners makes the country especially reluctant to take a strong stance against Russia’s aggressive actions. Therefore, while the total value of Russian imports have dropped somewhat, the majority of trade continues per usual, despite increasing tensions between Russia and the west.

Meanwhile, Russia is strengthening its relations with China, its most important import partner. Yet, while intentions to increase trade with China exist, trade figures have actually decreased. Results show that sanctions and bans on imports may affect Russian trade, but the extent to which they will have an impact on business as usual may be limited given the level of dependence on trade between Europe and Russia.
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Description Source More information
This statistic shows the value of imports of goods to Russia from 2007 to 2017. In 2017, around 237.78 billion U.S. dollars worth of goods were imported into Russia.
Trade in Russia

The value of goods imported to Russia dropped in 2014, likely due to a trade ban imposed on U.S. and European agricultural goods in the aftermath of the Ukraine invasion and subsequent European sanctions against Russia. The ban impacted a range of European countries; among the most affected were Germany and the United States, Russia’s second and third most important import partners respectively.

The total value of U.S. exports to Russia also dropped in 2014. However, the extent of sanctions from Europe is limited, considering most of Europe is highly dependent on Russian gas. Furthermore, Germany being one of Russia’s biggest import partners makes the country especially reluctant to take a strong stance against Russia’s aggressive actions. Therefore, while the total value of Russian imports have dropped somewhat, the majority of trade continues per usual, despite increasing tensions between Russia and the west.

Meanwhile, Russia is strengthening its relations with China, its most important import partner. Yet, while intentions to increase trade with China exist, trade figures have actually decreased. Results show that sanctions and bans on imports may affect Russian trade, but the extent to which they will have an impact on business as usual may be limited given the level of dependence on trade between Europe and Russia.
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Release date
April 2018
Region
Russia
Survey time period
2007 to 2017
Supplementary notes
Values have been rounded to provide a better understanding of the statistic.

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