In January-September 2023, the trade turnover between Russia and the countries of the European Union dropped 66.9% year-on-year down to 69.4 bn euro.

According to Eurostat, while exports from EU countries to Russia were down 29.8% during the period under report to 29.4 bn euro, imports from Russia to the European Union declined by 76.1% down to 40 bn euro.

In September 2023, exports from EU countries into Russia were down 28.6% year-on-year and up 3.4% month-on-month to 3 bn euro.

Imports from Russia to the European Union dropped by 70.9% year-on-year and increased 14.7% month-on-month amounting to 3.9 bn euro in September 2023.

In January-September 2023, Russia continued to rate the tenth largest importer from the EU.   Among the largest exporters to the EU countries, Russia also occupies the tenth position.

Article source: SeaNews