Russian Exports to EU in 2017: Growth Owing to Raw Materials and Metals

Abstract

In 2017, Russia extended its market share in the European Union. EU imports from Russia went up from 119 to 145 bn euros, while Russia’s share in the overall European imports rose to 7.8% ( 0.9 p.p.). Such growth was due to rising prices on principal products of Russian export – fuel raw materials and metals. At the same time, the rising volume of natural gas deliveries hit 12% while deliveries of crude oil moved down 7%.