In 2023, Russia exported goods worth over 425 billion U.S. dollars and imported goods worth over 285 billion U.S. dollars. The country's trade balance reached 140 billion U.S. dollars, having decreased by 58.5 percent from the previous year. In response to the Russian invasion of Ukraine, Western countries imposed trade sanctions on Russia, which was reflected in the decrease in Russia's import value in 2022. However, the country's export revenue increased from 2021 due to higher commodity prices and trade rerouting to other partners.
Merchandise export and import value and trade balance in Russia from 2012 to 2023
(in billion U.S. dollars)
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Interfax Russia. (February 12, 2024). Merchandise export and import value and trade balance in Russia from 2012 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 18, 2024, from https://www.statista.com/statistics/1100681/russia-external-goods-trade-value/
Interfax Russia. "Merchandise export and import value and trade balance in Russia from 2012 to 2023 (in billion U.S. dollars)." Chart. February 12, 2024. Statista. Accessed November 18, 2024. https://www.statista.com/statistics/1100681/russia-external-goods-trade-value/
Interfax Russia. (2024). Merchandise export and import value and trade balance in Russia from 2012 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 18, 2024. https://www.statista.com/statistics/1100681/russia-external-goods-trade-value/
Interfax Russia. "Merchandise Export and Import Value and Trade Balance in Russia from 2012 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 12 Feb 2024, https://www.statista.com/statistics/1100681/russia-external-goods-trade-value/
Interfax Russia, Merchandise export and import value and trade balance in Russia from 2012 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1100681/russia-external-goods-trade-value/ (last visited November 18, 2024)
Merchandise export and import value and trade balance in Russia from 2012 to 2023 (in billion U.S. dollars) [Graph], Interfax Russia, February 12, 2024. [Online]. Available: https://www.statista.com/statistics/1100681/russia-external-goods-trade-value/
