In January-July 2023, the trade turnover between Russia and the countries of the European Union dropped 67.5% year-on-year down to 56.2 bn euro.
According to Eurostat, while exports from EU countries into Russia were down 30.7% during the period under report to 23.5 bn euro, import from Russia to the European Union declined by 76.4% down to 32.7 bn euro.
In July 2023, exports from EU countries to Russia were down 28.6% year-on-year to 3 bn euro, same as in June 2023.
Import from Russia to the European Union dropped by 79.9% year-on-year and increased by 6.3% month-on-month to make 3.42 bn euro in July 2023.
In January-July 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.