At the end of July, trade turnover between Russia and European countries exceeded €6 billion for the first time since November 2023, according to RIA Novosti data based on Eurostat data.
Author:
https://rb.ru/author/ntihonov/
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Bilateral trade “fell” for seven months and then began to grow, immediately increasing by 23%. In 2024, the figure reached 6.03 billion euros, the peak value was recorded in January; then it stood at the level of 6.09 billion euros.
Russia increased its supply of goods by 21% to €3 billion, and the EU increased its exports by 24.5% to €3.03 billion. Among the largest partners, trade turnover increased the most with Finland (3.1 times to €226 million), Croatia (2.7 times to €58 million) and Romania (2.6 times to €41 million).
Russia’s foreign trade with Sweden, the Czech Republic, Ireland and Spain has doubled. At the end of July, Germany remained our country’s largest trading partner: 836 million euros and growth of 25%. Italy (+38%) and Hungary (+12%) showed good gains.
A decline in turnover was observed in some countries: Cyprus, Denmark, Belgium and Slovakia.
Trade turnover between Russia and China in the first eight months of 2024 increased by 1.9% compared to the same period last year, reaching almost $158.47 billion.
Author:
Nikolai Tikhonov
Source: RB
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.
