Western countries imposed trade sanctions on Russia, which was reflected in the decrease in Russia's import value in 2022. However, the country's export revenue increased from 2021 due to higher commodity prices.
In 2022, Russia exported goods worth nearly 592 billion U.S. dollars and imported goods worth over 259 billion U.S. dollars. The country's trade balance exceeded 332.4 billion U.S. dollars, having increased significantly from the previous year. In response to the Russian invasion of Ukraine, Merchandise export and import value and trade balance in Russia from 2012 to 2022 (in billion U.S. dollars)
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Key figures
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Trade partners
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Trade sanctions
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Interfax Russia. (March 13, 2023). Merchandise export and import value and trade balance in Russia from 2012 to 2022 (in billion U.S. dollars) [Graph]. In Statista. Retrieved June 01, 2024, from https://www.statista.com/statistics/1100681/russia-external-goods-trade-value/
Interfax Russia. "Merchandise export and import value and trade balance in Russia from 2012 to 2022 (in billion U.S. dollars)." Chart. March 13, 2023. Statista. Accessed June 01, 2024. https://www.statista.com/statistics/1100681/russia-external-goods-trade-value/
Interfax Russia. (2023). Merchandise export and import value and trade balance in Russia from 2012 to 2022 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: June 01, 2024. https://www.statista.com/statistics/1100681/russia-external-goods-trade-value/
Interfax Russia. "Merchandise Export and Import Value and Trade Balance in Russia from 2012 to 2022 (in Billion U.S. Dollars)." Statista, Statista Inc., 13 Mar 2023, https://www.statista.com/statistics/1100681/russia-external-goods-trade-value/
Interfax Russia, Merchandise export and import value and trade balance in Russia from 2012 to 2022 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1100681/russia-external-goods-trade-value/ (last visited June 01, 2024)
Merchandise export and import value and trade balance in Russia from 2012 to 2022 (in billion U.S. dollars) [Graph], Interfax Russia, March 13, 2023. [Online]. Available: https://www.statista.com/statistics/1100681/russia-external-goods-trade-value/