In January-November 2023, the trade turnover between Russia and the countries of the European Union dropped 66.1% year-on-year down to 82.5 bn euro.
According to Eurostat, while exports from EU countries to Russia were down 30.3% during the period under report to 35.6 bn euro, imports from Russia to the European Union declined by 75.6% down to 46.9 bn euro.
In November 2023, exports from EU countries into Russia were down 37.3% year-on-year and increased 6.7% month-on-month making 3.2 bn euro.
Imports from Russia to the European Union dropped by 70.6% year-on-year and increased 2.9% month-on-month to 3.5 bn euro in November 2023.
In January-November 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.