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Institute of Management Services News

Trade between Germany and Russia

Image result for graphic germany russiaFor several decades, Germany has been an important strategic partner for Russia, number one in investment and number two in trade turnover.

Germany accounts for 9% of Russia’s external trade. In 2016, the turnover stood at USD 41 billion.

  • Russia’s major exports to Germany are fuel and energy (43%), and from Germany to Russia they are machinery and equipment (33%).
  • In 2017, the trade turnover between Russia and Germany started growing again; in the first three months it rose one third year-on-year to USD 11.6 billion.

Posted on: 30-May-2017@10:14:14, updated on: 30-May-2017@10:14:14.