Until 24 February 2022, Russia was one of the main trade partners of the European ... Trade picture ... In 2020, the EU was Russia's first trade partner, accounting for 37.3% of the country’s total trade in goods with the world. 36.5% of Russia’s imports came from the EU and 37.9% of its exports went to the EU.
In 2021, the total trade in goods between the EU and Russia amounted to €257.5 billion. The EU’s imports were worth €158.5 billion and were dominated by fuel and mining products – especially mineral fuels (€98.9 billion, 62%), wood (€3.16 billion, 2.0%), iron and steel (€7.4 billion, 4.7%), and fertilisers (1.78 bn, 1.1%).
The EU’s exports in 2021 totalled €99.0 billion. They were led by machinery and equipment (€19.5 billion, 19.7%), motor vehicles (€8.95 billion, 9%), pharmaceuticals (€8.1 billion, 8.1%), electrical equipment and machinery (€7.57 billion, 7.6%), and plastics (€4.38 billion, 4.3%). Two-way trade in services between the EU and Russia in 2020 amounted to €29.4 billion, with EU imports of services from Russia representing €8.9 billion and exports of services to Russia accounting for €20.5 billion. In 2019, the EU was the largest investor in Russia. The EU foreign direct investment (FDI) outward stock in Russia amounted to €311.4 billion, while Russia’s FDI stock in the EU was estimated at €136 billion.
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