The trade turnover of the Russian Federation with the Asian countries of our near abroad grew by a record 7% in 2023 and reached $56.2 billion (a year earlier it was $52.5 billion) , of which the leaders, Kazakhstan, Uzbekistan and Armenia, accounted for $26 billion, $9.9 billion and $7.3 billion, respectively.

Trade turnover between the Russian Federation and neighboring Asian countries reached a record $56.2 billion in 2023

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According to RIA Novosti calculations, based on national statistics, although Kazakhstan remained the leader in trade with Russia, its share in the total turnover decreased from 50% to 46%.

Uzbekistan increased trade turnover with the Russian Federation by 5.4% compared to 2022, Armenia – by 1.4 times.

The top five leaders in trade with Russia are Azerbaijan ($4.4 billion, 18% more than the previous year) and Kyrgyzstan ($2.9 billion, 17% less than in 2022).

For Uzbekistan, Armenia and Azerbaijan the volumes achieved are historical maximums and together their participation in the total turnover amounted to 38% (last year it was 33%).

Tajikistan also set a record, increasing the figure by 2.7% to 1.7 billion dollars, but with Georgia, as with Kyrgyzstan, the trade turnover decreased (although with Georgia not so significantly: it was 2.5 billion dollars, now it is 2.4 billion dollars).

Author:

Ekaterina Alipova

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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