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Trade in Russia - statistics & facts

The external trade of Russia, the world's fourteenth largest exporter, was interrelated with the country's foreign policy over the past decade. In recent years, the geographical orientation of Russian foreign trade shifted from Europe to Asia Pacific, which was reflected in merchandise trade volumes of Russia with both regions. However, European states continued to rely on Russian mineral resources, as the country accounted for over 39 percent of natural gas and 26 percent of petroleum oil imported into the EU-28 in the first six months of 2020.

Russia's leading export commodities

Russia ranked as the second largest crude oil exporting region after the Middle East. With mineral products making up nearly 50 percent of its total exports, the national economy became heavily dependent on energy commodities. Thus, other manufacturing sectors received lower investment and development opportunities, which made them less attractive to be sold abroad. Besides chemicals and natural resources, Russia was the leading exporter of wheat.

Russia's key trade partners

China was Russia's major trade partner as a single country; however, the trade revenue with the European Union was significantly higher. The Netherlands and the United Kingdom were Russia's leading export destinations after China, while Germany and the United States were the country's second and third largest import origins, respectively. Furthermore, Russia established a single market and a customs union with Armenia, Belarus, Kazakhstan, and Kyrgyzstan within the Eurasian Economic Union (EAEU). In recent years, Russia strengthened cooperation with countries in Africa while hosting the Russia-Africa Summit in October 2019 and planning the next one in 2022.

Sanctions' impact on Russian trade

As a consequence of Western sanctions imposed on Russia in response to the annexation of Crimea and the territorial integrity of Ukraine, the country's foreign trade volume saw a considerable decline between 2014 and 2015. Economic restrictions and the subsequent financial instability forced over 2.1 thousand German companies to leave the Russian market since 2013. The Russian food embargo from Western countries was followed by an extensive import substitution program supporting domestic agricultural producers; however, it also contributed to an increase in food prices.

Key figures

The most important key figures provide you with a compact summary of the topic of "Trade in Russia" and take you straight to the corresponding statistics.

Trade indicators

Trade geography

Commodity structure

Sanctions and food embargo

Interesting statistics

In the following 7 chapters, you will quickly find the {amountStatistics} most important statistics relating to "Trade in Russia".

Trade in Russia

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Trade in Russia - statistics & facts

The external trade of Russia, the world's fourteenth largest exporter, was interrelated with the country's foreign policy over the past decade. In recent years, the geographical orientation of Russian foreign trade shifted from Europe to Asia Pacific, which was reflected in merchandise trade volumes of Russia with both regions. However, European states continued to rely on Russian mineral resources, as the country accounted for over 39 percent of natural gas and 26 percent of petroleum oil imported into the EU-28 in the first six months of 2020.

Russia's leading export commodities

Russia ranked as the second largest crude oil exporting region after the Middle East. With mineral products making up nearly 50 percent of its total exports, the national economy became heavily dependent on energy commodities. Thus, other manufacturing sectors received lower investment and development opportunities, which made them less attractive to be sold abroad. Besides chemicals and natural resources, Russia was the leading exporter of wheat.

Russia's key trade partners

China was Russia's major trade partner as a single country; however, the trade revenue with the European Union was significantly higher. The Netherlands and the United Kingdom were Russia's leading export destinations after China, while Germany and the United States were the country's second and third largest import origins, respectively. Furthermore, Russia established a single market and a customs union with Armenia, Belarus, Kazakhstan, and Kyrgyzstan within the Eurasian Economic Union (EAEU). In recent years, Russia strengthened cooperation with countries in Africa while hosting the Russia-Africa Summit in October 2019 and planning the next one in 2022.

Sanctions' impact on Russian trade

As a consequence of Western sanctions imposed on Russia in response to the annexation of Crimea and the territorial integrity of Ukraine, the country's foreign trade volume saw a considerable decline between 2014 and 2015. Economic restrictions and the subsequent financial instability forced over 2.1 thousand German companies to leave the Russian market since 2013. The Russian food embargo from Western countries was followed by an extensive import substitution program supporting domestic agricultural producers; however, it also contributed to an increase in food prices.

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