Imports to Russia rose 40.1 percent to a 6-month low of USD 24.75 billion in January of 2022, before the invasion of its neighbor Ukraine and West sanctions. Purchases increased from both non-CIS (40.6 percent) and CIS countries (36.3 percent). Several global brands and major companies from sectors ranging from technology to automotive and energy suspended their operations in Russia in response to the "special military operation" in its neighbor on February 24th. Apart from sanctions, particularly those imposed by EU member states and the US, companies are trying to exert pressure on the Russian economy through their actions. Some firms stopped their operations and deliveries while others ended their investments or withdrew from their partnerships in Russia. source: Central Bank of Russia
Imports in Russia averaged 14519.58 USD Million from 1994 until 2022, reaching an all time high of 32481 USD Million in December of 2013 and a record low of 2525 USD Million in January of 1999. This page provides - Russia Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Imports - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.
Imports in Russia is expected to be 13000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Imports is projected to trend around 22800.00 USD Million in 2023 and 24800.00 USD Million in 2024, according to our econometric models.