Russia no longer among EU`s top three trading partners – Eurostat

Russia ranked fourth in the list of EU`s top trading partners in 2015, for the first time being replaced by Switzerland that ranked third, according to Russian Dozhd TV Channel, which cited data from Eurostat, the statistical office of the European Union.
As reported, since 2013 the share of Russia in total EU trade in goods has declined sharply to 6% in 2015. Bilateral trade amounted to EUR 209.6 billion, which was 26% down from 2014, when the figure stood at EUR 284.6 billion.
Russia`s goods exports to the EU were estimated at EUR 135 billion, twice as much as it imported from the EU – EUR 73 billion.
In 2015, the United States (EUR 619 billion, or 18% of total EU trade in goods) and China (EUR 521 billion, or 15%) continued to be the EU`s two major trading partners, well ahead of Switzerland (EUR 253 billion, or 7%) and Russia (EUR 210 billion, or 6%), according to the report.
After recording a significant and almost continuous fall until 2011, the share of the U.S. in EU total trade in goods began to increase again to reach 18% in 2015. The share of China has doubled since 2002, rising from 7% to 15% in 2015, according to Eurostat.
As reported, trade turnover between Russia and the European Union began to decline even before the deterioration of relations and the imposition of sanctions, having reached a peak in trade volumes of EUR 338.5 billion in 2012, accounting for 10% of EU total external trade turnover. In the subsequent years, trade volumes have consistently declined.

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