EU Exports to Russia's Neighbors Increase Sharply

tendata blogTrade Trends News

ten data blog10-08-2023

eu exports,european union exports,eu export to

Economist Eric Dor, director of economic studies at the IESEG School of Management, reported on August 4 that EU member states have increased trade with Russia's neighbors, including Kyrgyzstan, Armenia, and Uzbekistan.

Since the EU banned exports to Russia at the start of the 2022 invasion of Ukraine, and given that these countries continue to trade freely with Russia, this has raised concerns that sanctions are being circumvented.

According to data compiled by economists, EU merchandise exports to Russia fell by €34 billion (-38%) between 2021 and 2022 as a result of the sanctions.

However, at the same time, trade with countries that continue to trade freely with the Russian state has grown dramatically: exports of goods from Kyrgyzstan have increased by 345% (by €909 million), from Armenia by 165% (by €1.1 billion), from Uzbekistan (€1.5 billion) +130%, from Kazakhstan (€4.9 billion) +94%, from Georgia (€1.2 billion) +58%, and Turkey (€20.5 billion) +23%. This trend is even intensifying in early 2023.

Belgium is no exception.Between 2021 and 2022, Belgium's exports of goods to Russia fell by €730 million (-16.76%), but increased by €1 billion to Turkey, €299 million to Kazakhstan, €81 million to Uzbekistan, €45 million to Armenia and 45 million euros, and exports of goods to Armenia increased by 34 euro million to Georgia. As in the rest of the EU, the growth of Belgian exports to Russia's neighbors even strengthened.

Eric Dor analyzes, "Therefore, we strongly speculate that goods purchased by these countries from the EU are subsequently re-exported to Russia."

These assumptions are reinforced by the strong growth of these countries' exports to Russia: in euro terms, between 2021 and 2022, Armenia grew by 222%, Turkey by 82% and Georgia by 12%.

The economist added that the risk of circumventing sanctions against Russia is also very high for goods that may have military applications, even if the industry also uses them for other purposes.

He cited the example of electronic integrated circuits: while European exports to Russia fell by 81% in one year, they grew by 3,461% to Kyrgyzstan, 1,313% to Armenia, 221% to Uzbekistan and 193% to Kazakhstan.

You may also want to know:

1. Global Import and Export News

2. Keeping up with Global Import Data

3. Real-Time Access to International Export Data

4. Learn How These Import Export News Can Help Your Import Export Business?

- Specific Trade Data to Help You Analyze Where to Go Next.

Leave Message for Demo Request or Questions

We always appreciate your visit at We'd love to hear your suggestions, feedback & queries. Please contact us to schedule a demo or learn more about our services. We will respond to your query within 1 working day.
  • Full company name please

  • 输入您的手机号

  • 输入您的邮箱

  • Fill in the code please

More Popular Blogs

These related articles may also be of interest to you

Geting Price

Global Trade Data Leader
Get Pricing
Free Demo
'Target Customer
'Acquisition & Intelligent
'Global Trade Marketing Intelligent
'Decision-Making SaaS Platform

Welcome Tendata · iTrader

Please fill in the infos to get free demo

  • *

    Enter your name please

  • *

    Full company name please

  • *


  • *


  • *


  • Read and agree to Service Agreement and Privacy Policy