By Emea Riga
Only four EU member states had a trade surplus with Russia in 2021, while Romania has a larger trade deficit than Germany, according to data released Monday by Eurostat, according to Agerpres.
According to these data, in 2021 Romania imported from Russia goods worth 3.160 billion euros and exported goods worth 1.001 billion euros, resulting in a trade deficit of 2.159 billion euros. In comparison, Germany, which in 2021 was Europe’s largest importer and exporter of goods to and from Russia, had a trade deficit of 2.083 billion euros over Russia. This is in the conditions in which the first European economy imported from Russia goods worth 28.856 billion euros and exported goods worth 26.777 billion euros.
Romania’s trade deficit with Russia is lower than that of neighboring countries, ahead of Hungary (2.420 billion euros), Bulgaria (2.547 billion euros), Slovakia (2.688 billion euros), Greece (EUR 4.091 billion) or Poland (EUR 8.721 billion).
Poland’s situation is one of the most difficult, given that exports of about 16 billion euros to the Russian Federation will collapse this year due to the EU embargo.
The four EU Member States that have had a trade surplus over Russia are in order: the Czech Republic (EUR 616 million), Slovenia (EUR 436 million), Sweden (EUR 244 million), and Luxembourg (EUR 139 million). Of euro).
On the other hand, the countries with the largest trade deficit in relation to Russia are: the Netherlands (EUR 18.717 billion), Poland (EUR 8.721 billion), and Italy (EUR 6.288 billion).
Eurostat data show that at the EU level, energy accounted for 62% of the bloc’s imports from Russia. In 2021, Russia was the EU’s fifth-largest partner for exports of goods (4.1% of EU exports or 89 billion euros) and the third-largest partner for imports of goods (7.5% of EU imports or 158 billion euros). euro). Over the last decade, however, the EU’s trade deficit with Russia has fallen from € 89 billion in 2011 to € 69 billion in 2021. Both exports and imports of the EU bloc to and from Russia fell between 2011 and 2021.
By Emea Riga