Heading southeast: has Russia managed to find trading partners capable of compensating for the loss of European markets due to the war?
In 2023, Russia's export revenues amounted to only 23% of GDP - this is the lowest figure in the entire history of statistical data publications In 2023, Russia exported goods and services worth $465.4 billion, the Central Bank reports. This is 27% less than a year earlier. If we talk about the share of exports in the structure of GDP, then, according to Rosstat, it amounted to only 23%. Such a low figure has not been seen in the entire history of its publication - since 1995.