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International Trade Centre - International Trade Statistics (2019) - Monthly, quarterly and yearly trade data. Import & export values, volumes, growth rates, market shares, etc. v
The Russian grain export is the foreign trade operations for the sale of grain, primarily wheat grain, from Russia to other countries. Grain has been a traditional item of export income for Russia for centuries, providing the Russian Federation in the 21st century with leadership among the main grain suppliers to the world market along with the EU (2nd place 2019/20), United States (3rd place ...
Imports in billion USD Rank Country Import (2017) 1. China (economy, trading partners) 110.97 （2023) 2. Germany (economy, trading partners) 27.3 3. Belarus (economy, trading partners)
The continued trade, which accounted for 18.6 per cent of Russia's total last year, could provide a lifeline to the Russian economy, which has been shattered by the restrictions imposed by the ...
On 17 July, Reuters reported that the economy shrank by 9.6% year-on-year in the 2nd quarter, the most in 20 years, according to the economy minister. Real disposable incomes fell by 8% in year-on-year terms in April to June according to Rosstat. It also said that Russia's industrial output fell by 9.4% in June compared to a year ago. [29]
On 8 March 2020, Saudi Arabia initiated a price war on oil with Russia, which facilitated a 65% quarterly fall in the price of oil. [1] The price war was triggered by a break-up in dialogue between the Organization of the Petroleum Exporting Countries (OPEC) and Russia over proposed oil-production cuts in the midst of the COVID-19 pandemic. [1]
In the first two months after Russia invaded Ukraine, Russia earned $66.5 billion from fossil fuel exports, and the EU accounted for 71% of that trade. [82] In May 2022, the European Commission proposed a ban on oil imports from Russia, part of the economic response to the 2022 Russian invasion of Ukraine .
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