In January-May 2023, the trade turnover between Russia and the countries of the European Union dropped 66.1% year-on-year down to 43.6 bn euro.
According to Eurostat, while exports from EU countries into Russia were down 30.6% during the period under report to 17.5 bn euro, import from Russia to the European Union declined by 74.8% down to 26.1 bn euro.
In May 2023, exports from EU countries into Russia were down 20.5% year-on-year and up 6.9% month-on-month to 3.1 bn euro.
Import from Russia to the European Union dropped by 79.8% year-on-year and by 14% month-on-month to make 3.7 bn euro in May.
In January-May 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.