According to statistics from Eurostat, from the first quarter of 2022 to the first quarter of 2025, the European Union reduced imports of goods from the Russian Federation by 86%. In the first quarter of 2025, the volume of supplies from Russia to EU countries amounted to €8.74 billion, whereas four years ago this figure reached €30.58 billion. The main goods that continue to be imported include oil, nickel, gas, fertilizers, iron, and steel.
This is reported by Finway
Decline of Russia’s share in key sectors of the EU market
The share of the Russian Federation in oil supplies to the European market decreased from 28.74% in 2021 to 2.01% in 2025. In monetary terms, imports of Russian oil fell from €14.06 billion to €1.48 billion. Imports of Russian gas dropped from 48% to 17%, and the share of iron and steel decreased from 18.28% to 7.71%. At the same time, Russia remains the largest supplier of fertilizers to the EU, although its share has also decreased from 28.15% to 25.62%.
“Russia’s share in oil supplies to the EU decreased from 28.74% in 2021 to 2.01% in 2025.”
Changes in global trade flows
The volume of goods exported from Russia to the United States has also significantly declined: from $14.14 billion in 2021 to $2.5 billion in the first half of 2025. Last year, the U.S. imported fertilizers from Russia worth about $1.27 billion, enriched uranium and plutonium worth $624 million, and palladium worth $878 million.
In contrast to the EU and the U.S., India demonstrated an increase in imports from Russia: from $8.25 billion in 2021 to $65.7 billion in 2024. The key driver of this growth was oil — the volume of purchases increased from $2.31 billion in 2021 to $52.2 billion in 2024.