Русский
Russia’s foreign trade for January amounted to US$50.7 billion, 4.6% more than in the same period last year. Exports increased by 3.2% to US$29.3 billion, and imports by 6.6% to US$21.4 billion, according to the Federal Customs Service (FCS) of Russia.
Traditionally, mineral products have formed the basis of Russian exports. Their share in the commodity structure of exports amounted to 61.4% of Russia’s total exports. In value terms, their shipments to world markets in January 2025 fell slightly by 0.6% to US$18 billion.
As concerns imports, machinery, equipment and other goods accounted for the largest share and amounted to 50.8%, increasing 8.1% and worth about US$10.9 billion.
Further illustrating Russia’s shift to developing supply chains away from the west, Russia’s main trading partners in January were in Asia, with Russia exporting goods worth US$22.4 billion (+3%) and importing goods worth US$15.5 billion (+13.1%).
Goods worth US$4.6 billion (-2.6%) were shipped to European countries, and US$4.5 billion (-11.1%) were imported. Exports to the Americas amounted to US$0.9 billion (-3.3%), and imports US$1.1 billion (+7%). With Africa, Russia exported US$1.4 billion (+42.1%) and imported US$0.3 billion (+18%), respectively, showing the largest overall increases in Russia’s global trade performance. Russia now trades more with Africa than it does with Germany.
The value of Russian exports in 2024 increased by 2% compared to the previous year and amounted to US$433.9 billion. Imports decreased by 0.8% to US$283 billion, partially due to sanctions issues but also due to Russia’s own push to localisation. Overall, Russia’s foreign trade amounted to US$716.9 billion for 2024, up 0.9% from 2023.
Further Reading
Russia’s Busiest Road Crossing Border In 2024 Wasn’t With China
