In 2024, Germany experienced a drastic decline in trade with Russia, importing nearly 94.6% fewer goods than before the Ukraine conflict, totaling 1.8 billion compared to 33.1 billion in 2021. Exports followed suit with a 71.6% decrease to 7.6 billion. Russia's share of Germany's total imports fell to just over 0.1%. However, Germany achieved its largest export surplus with Russia since 1991, marking a significant shift in trade relations post-sanctions and energy price fluctuations stemming from the war in Ukraine.
Germany's imports from Russia plummeted by nearly 94.6% to 1.8 billion in 2024, down from 33.1 billion before the Ukraine war began.
Exports to Russia also faltered significantly, dropping by 71.6%, resulting in 7.6 billion in supplies to Russia compared to 26.6 billion in 2021.
Despite the decline in trade, Germany recorded its largest export surplus with Russia since the Soviet Union's collapse, at 5.8 billion in 2024.
The drastic decline in imports and exports reflects the impact of EU sanctions and changes in global energy supply dynamics since Russia's invasion of Ukraine.
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