European Union has imported €137.8 billion worth of goods from Russia in the period from January 2022 to July 2022, which is 3.4 per cent of EU’s total imports, compared to 3.6 per cent in 2021, as per Destatis, Germany’s federal statistical office. Germany’s imports from Russia accounted for 2.6 per cent of its total imports in the same period.

In 2021, Germany’s imports from Russia had been 2.4 per cent of its total imports. The fact that Russian goods accounted for a higher share of total German imports is due to the strong price increases for raw materials and energy products. Germany was also the most important exporter of goods to Russia in all of EU, said Destatis on the basis of data from Eurostat, the statistical office of the EU.

Bulgaria was the EU member state whose imports from Russia accounted for the largest share of total imports from January to July 2022. In that period, Russian goods accounted for 11.5 per cent (€3.6 billion) of total imports to Bulgaria. Estonia came second with a percentage share of 9.7 per cent (€1.4 billion) and Finland ranked third with 8.9 per cent (€4.8 billion).

In 2021, Lithuania had been the EU member state whose imports from Russia accounted for the largest share of total imports (11.9 per cent). This proportion fell to 8.5 per cent in the period of January to July.

Finland and Estonia also reduced their imports of Russian goods as a percentage of total imports. In 2021, these had accounted for 11.7 per cent in Finland and 10.6 per cent in Estonia. In contrast, the share of Russian imports increased sharply for Bulgaria (2021: 7.6 per cent of total imports).

Fibre2Fashion News Desk (DP)

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