Russia Imports from Germany - 2024 Data 2025 Forecast 1996-2021 Historical (2024)

FAQs

How much does Russia import from Germany? ›

The annual value of trade goods imported by Russia from Germany fluctuated during the period from 2007 to 2020. In 2021, the figures increased compared to the previous year to 27.35 billion U.S. dollars.

During 2022, Russia had a large net trade with Germany in the exports of Mineral Products ($20.2B), Metals ($3.67B), and Precious Metals ($1.38B). During 2022, Germany had a large net trade with Russia in the exports of Chemical Products ($4.66B), Machines ($3.87B), and Transportation ($1.31B).

Russia imports machinery and equipment, vehicles, consumer goods, foodstuffs, chemical products, industrial consumer goods. Major trading partners of Russia are Germany, Italy, China, Turkey, Poland, Switzerland, United Kingdom, United States, and Finland.

Between 1995 and 2021 German exports rose on average by 6.22% p.a. with Russian exports rising by an average of 4.56% p.a. In August 2023 German exports for the month were $736m and imports just $216m, proving the dramatic fall in trade between the two nations following the 2022 Russian invasion of Ukraine.

Destinations In February 2024, Germany exported mostly to United States (€13.8B), France (€10.7B), Netherlands (€9.43B), Poland (€8.13B), and China (€7.92B), and imported mostly from China (€12.3B), Netherlands (€7.76B), United States (€7.49B), Poland (€6.59B), and France (€5.98B).

3,500 tonnes of Russian crude oil were imported to Germany in January 2023, according to the Federal Statistical Office (Destatis). In January 2022, the import volume had been 2.8 million tonnes. Crude oil imports from Russia were thus stopped almost completely, going down by 99.9% in arithmetical terms.

The most recent exports are led by Crude Petroleum ($133B), Petroleum Gas ($71.5B), Refined Petroleum ($67.4B), Coal Briquettes ($36.5B), and Gold ($14.6B). The most common destination for the exports of Russia are China ($101B), India ($40.4B), Germany ($27.7B), Turkey ($25.3B), and Italy ($25.1B).

Germany's highest defi- cits from trade in goods were with China (-€86.1 billion), Norway (-€51.9 billion), Russia (-€21.8 billion), Ireland (-€17.6 bil- lion), Viet Nam (-€11.4 billion), Bangladesh (-€9.1 billion) and Malaysia (-€6.3 billion).

Germany is by far the world's largest exporter of automobiles: accounting for 15.4% of exports, automobiles and their parts were its main export product in 2022, with a value of around EUR 245 billion (Destatis). Machinery (13.3%) and chemical products (10.3%) ranked second and third, respectively.

What is the average salary in Russia? Based on June 2023 currency rates, the average annual salary in Russia is around 1,240,000 RUB, or approximately USD 14,771. It should be noted that this figure varies greatly based on factors such as geography, industry, and employment role.

Where does Russia get most of its money? ›

For a long time, the economy of Russia has not been diverse, relying heavily on the export of natural resources such as oil and gas. And a major reason for the relatively high revenue of the Russian government today is precisely that the war has led to high energy prices.

The Russian economy also ends up outranking the German economy and clocks in at more than twice as strong as the French economy. This completely changes our vision of these economies – far from the claims that Russia ranks at the same level as Spain or that China still lags far behind the United States,” Sapir argues.

"Yes, of course Germany is still dependent on energy imports, but today, not from Russian imports but from global markets," he said. Germany previously imported around half of its gas from Russia and more than a third of its oil.

Russia's economy is heavily reliant on its vast natural resources, particularly in energy. It is one of the world's largest producers of oil and natural gas, which are major contributors to its GDP and export earnings.

European Union Imports from Russia was US$195.56 Billion during 2022, according to the United Nations COMTRADE database on international trade. European Union Imports from Russia - data, historical chart and statistics - was last updated on June of 2024.

Russia Trade & Investment Summary

Exports were $4.5 billion; imports were $15.7 billion. The U.S. goods and services trade deficit with Russia was $11.2 billion in 2022. U.S. goods exports to Russia in 2022 were $1.7 billion, down 74.0 percent ($4.7 billion) from 2021 and down 84 percent from 2012.

Germany imported 3,524 petajoules (PJ) of natural gas in 2022, according to the Federal Office for Economic Affairs and Export Control (BAFA). The halt of pipeline deliveries from Russia in September that year caused this massive decrease from the 5,000 PJ imported in 2021.

Germany Imports from Ukraine was US$3.37 Billion during 2022, according to the United Nations COMTRADE database on international trade. Germany Imports from Ukraine - data, historical chart and statistics - was last updated on February of 2024.