Russian Foreign Trade

The share of Australia and the countries Oceania in Russia's total trade declined by 26 percent in the 1st quarter of 2016 over the 1st quarter of 2015.

Though Russia's trade with Asian countries did not show the significant positive dynamics in the 1st quarter of 2016, Asia is still viewed by Russia as a very promising partner.

Russia's trade with European countries continues to fall as a result of the EU sanctions and Russian counter-sanctions.

Russian trade with African countries is growing in absolute and relative terms, despite the overall decline in Russia's trade with foreign countries.

The share of South American countries in Russia's total exports has rose in the 1st quarter of 2016 as a result of the replacement of European food products.

The share of North American countries in Russia's total exports has significantly rose in the 1st quarter of 2016.