Analytics, EU – Baltic States, Russia, Statistics

International Internet Magazine. Baltic States news & analytics Monday, 06.07.2020, 11:36

Back Russia-EU trade in goods: 83 bn EUR deficit

BC, Riga, 05.08.2019.Print version
Russia was the EU's 3rd largest partner for imports (8% of total extra-EU imports) and the 4th largest for EU exports (4% of total extra-EU exports) in 2018.

Between 2008 and 2018, the EU ran a trade deficit with Russia (meaning that it imported more than it exported). This trade deficit was highest in 2011 at €93 bn and lowest in 2016 at €46 bn. In 2018, the EU’s trade deficit with Russia was €83 bn.

EU exports to Russia were dominated by "machinery and vehicles", "chemicals" and "other manufactured products", which together accounted for 90% of EU exports to Russia. EU imports from Russia were dominated by primary goods (72%), mainly "energy", "raw materials", and "food and drink". At a more detailed level, "medicaments" were the EU’s most exported product to Russia, while the most imported product from Russia were "petroleum oils, crude".

Germany: main trader with Russia among the Member States

Among the Member States, Germany was both the largest importer of goods from Russia (€33 bn), and the largest exporter to Russia (€26 bn) in 2018.

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