Russia – EU Trade Continues to Decline in January-February 2020

During January-February 2020, the trade turnover between Russia and the countries of the European Union decreased by 7.3% year-on-year down to 35.3 bn euro.

According to Eurostat, import from EU countries into Russia was up 5.6% in January-February 2020 making 13.3 bn euro. Export from Russia to the European Union decreased by 13.7% down to 22 bn euro.

Russia rates the fifth among the largest importers from the EU after the USA, the United Kingdom, China and Switzerland.

Among the largest exporters to the EU countries, Russia now rates the fourth after China, the US, and the UK.