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Russia's Exports to Africa Double in 2023, Says Federal Customs Service

In a recent report released by the Federal Customs Service (FCS), it has been revealed that Russia's exports to Africa saw a significant surge in 2023, doubling its share compared to the previous year.
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The report indicates that Russian exports to Africa experienced a remarkable 43% increase in value, reaching $21.2 billion in 2023, up from $12.1 billion in the previous year. This surge in exports to Africa stands in contrast to a 40% decrease in exports to the Americas region, which amounted to $12.2 billion.
The Americas macro-region, which comprises the Caribbean, Central America, South America, and North America, witnessed a notable decline in Russian exports, highlighting the shifting trade dynamics of Russia in the global market.
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The report further highlights that China, India, and Turkey emerged as the primary trade partners for Russia in the past year, underscoring the evolving trade relationships between nations.
With a total trade turnover of $710.1 billion in 2023, it is revealed that Asian countries accounted for 51% of Russia's trade, followed by European countries at 23%, the Middle East at 11%, neighboring countries at 8%, American countries at 4%, and Africa at 3%.