Press release No. 054 of 10 February 2023
- Value of goods imported from Russia up 6.5%, quantity down 41.5%
- Import surplus in trade with Russia at all-time high in 2022 due to sanctions and high energy prices
- Germany exported machinery and motor vehicles to the value of 1.3 billion euros to Ukraine
- Foreign trade with CIS countries rose sharply due to war in Ukraine: crude oil and natural gas accounted for over 80% of imports from there
- Exports of motor vehicles to CIS countries more than tripled from the previous year
WIESBADEN – The Russian attack on Ukraine and the sanctions imposed on Russia had a marked impact on German foreign trade in 2022. The Federal Statistical Office (Destatis) reports that German exports of goods to Russia fell by 45.2% to 14.6 billion euros compared with 2021. In the ranking of major destinations for German exports, Russia fell from place 15 to place 23 compared with a year earlier. Russia was an important energy supplier for Germany until the second half of the year. War in Ukraine led to sharp price rises for energy imports. As a result, the value of German imports from Russia increased by 6.5% to 35.3 billion euros in 2022. The quantity of goods imported from Russia, however, fell by 41.5%. As a consequence, Russia fell from place 12 to place 14 in the ranking of major suppliers of goods. Missing energy imports from Russia were in part replaced by supplies from other eastern European countries, in particular Kazakhstan.
More information:
All detailed results on German foreign trade in reference month November 2022 are available in the GENESIS-Online database (tables 51000).
Foreign trade results are available also in the Dashboard Germany (www.dashboard-deutschland.de). This data portal of the Federal Statistical Office combines up-to-date indicators of official statistics and from other data providers on the topics of economy and finance as well as health and mobility. A tool also available there is the Economic Pulse Monitor (Pulsmesser für die Wirtschaft) (only in german). It can be used for real-time monitoring of the economic development.
Russia’s attack on Ukraine and the related sanctions have an impact on many parts of the economy and society. We have compiled data and information on the subject for you on a special webpage (only in german).
