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Top 5 Countries of Destination for Russian Export

  • This article uses the data of the SeaNews Russian Foreign Trade Customs Statistics online service available for subscribers.

    According to SeaNews Russian Foreign Trade Customs Statistics online service, in Q1 2020 Russia exported $87.7 bn worth of goods, down 14.5% (or $14.9 bn) year-on-year. In terms of tonnage, Russia’s export decreased by 6.7 mn tons, or by 2.9% down to 221.5 mn tons.

    The Top 5 countries of destination accounted for 38% of Russia’s entire exports in terms of value and for 41.4% in terms of tonnage.

    In terms of value of Russian export in Q1 2020, China rates the first with shipments to this country worth $12.1 bn, down 4.7% year-on-year.

    Russian export to the Netherlands dropped by 35.2% down to $7.9 bn.

    Shipments to Germany declined by 29.5% down to $5.5 bn.

    Exports to Turkey were worth $4.4 bn, 12% below the result of the first quarter of 2019.

    Exports to South Korea amounted to $3.4 bn, down 20.9% year-ln-year.

    In terms of tonnage of Russian export received, China rates the first with 36.1 mn tons (up 6.8% year-on-year) in Q1 2020.

    The Netherlands imported 19.4 mn tons of cargo from Russia, 24.8% less than during the same period last year.

    Turkey rates the third with 12.6 mn tons, and increased of 15.6% year-on-year.

    Export shipments Germany made 12.5 mn tons, down 17.8% year-on-year.

    South Korea rates the fifth with 11.1 mn tons (-17.2%) exported from Russia in Q1 2020.

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