Template-Type: ReDIF-Article 1.0
Author-Name: Alexander Knobel
Author-Name-First: Alexander
Author-Name-Last: Knobel
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name: Alexander Firanchuk
Author-Name-First: Alexander
Author-Name-Last: Firanchuk
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title: Preliminary results of Russia's foreign trade in 2025
Abstract: In the first ten months of 2025, Russian exports fell to $339.8 bn (down 4.3% on 2024) amid a decline in global fuel prices. The share of fuel and energy products in Russian exports fell to 54.9%. Other export groups showed significant recovery growth, most notably in the export of machinery and equipment. Imports remained close to last year's level at $224.4 b (-2.4%), with a decrease in imports of investment goods and an increase in the share of consumer goods. China retained its position as Russia's largest trading partner, accounting for about 27% of exports and 45% of imports, which is in line with the 2024 level. In trade with China, supplies of oil, coal, and heavy distillates declined, but exports of pipeline gas and non-ferrous metals increased. The discount to the price of Russian oil increased to 5.8% in October-November. Supplies of Chinese goods to Russia declined mainly due to a twofold decrease in car imports, while other product categories remained more stable
Classification-JEL: F10, F12, F13, F19
Keywords: Russian economy, foreign trade, exports, imports, trade turnover, trade with China
Year: 2025
Issue: 31
Month: December
Pages: 5
File-URL: https://www.iep.ru/files/RePEc/gai/mreoen/mreoen-2025-31-1479.pdf
File-Format: application/pdf
File-Function: Revised Version, 2026
Handle: RePEc:gai:mreoen:mreoen-2025-31-1479