In 2020, the annual growth rate of oil export value in Russia declined by 41 percent. With many European countries increasing investments in clean energy, and the U.S. ban on oil imports from Russia due to the invasion of Ukraine in 2022, it remains to be seen whether the export value of Russian oil would continue to decrease.
Annual average growth rate of oil export value in Russia from 1996 to 2020
Characteristic
Oil export value growth
2020
-41%
2019
-5%
2018
38%
2017
27%
2016
-18%
2015
-42%
2014
-11%
2013
-4%
2012
5%
2011
34%
2010
37%
2009
-38%
2008
33%
2007
18%
2006
21%
2005
45%
2004
49%
2003
33%
2002
17%
2001
0%
2000
76%
1999
42%
1998
-36%
1997
-1%
1996
11%
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UN Comtrade. (June 27, 2023). Annual average growth rate of oil export value in Russia from 1996 to 2020 [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1301099/growth-rate-oil-export-value-russia/
UN Comtrade. "Annual average growth rate of oil export value in Russia from 1996 to 2020." Chart. June 27, 2023. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1301099/growth-rate-oil-export-value-russia/
UN Comtrade. (2023). Annual average growth rate of oil export value in Russia from 1996 to 2020. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1301099/growth-rate-oil-export-value-russia/
UN Comtrade. "Annual Average Growth Rate of Oil Export Value in Russia from 1996 to 2020." Statista, Statista Inc., 27 Jun 2023, https://www.statista.com/statistics/1301099/growth-rate-oil-export-value-russia/
UN Comtrade, Annual average growth rate of oil export value in Russia from 1996 to 2020 Statista, https://www.statista.com/statistics/1301099/growth-rate-oil-export-value-russia/ (last visited November 22, 2024)
Annual average growth rate of oil export value in Russia from 1996 to 2020 [Graph], UN Comtrade, June 27, 2023. [Online]. Available: https://www.statista.com/statistics/1301099/growth-rate-oil-export-value-russia/
