Russian oil tanker Volgoneft-147. Stock photo: Getty Images
Ukrayinska Pravda: Russia's overall export volume fell by almost a third (28.3%) in 2023, and deliveries to Europe decreased by 68%. Meanwhile, Russia's export and import dependencies in Asia increased.
Source: Reuters
Reuters, citing Russia’s customs service, said Russia's total export volume decreased by 28.3% to US$425.1 billion in 2023. The most significant decline was in supplies to Europe, falling by 68% to US$84.9 billion.
In contrast, exports to Asia increased by 5.6% to US$306.6 billion. The share of this region in Russian exports significantly rose from 49% in 2022 to 72% in 2023.
Overall, Russia's imports increased by 11.7% to US$285.1 billion. Meanwhile, imports from Europe decreased by 12.3% to US$78.5 billion, while imports from Asia grew by 29.2% to US$187.5 billion.
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