The share of African countries in Russia's foreign trade increased from 2.3% in 2022 to 3.7% in 2023, according to the Federal Customs Service. Last year, Russia-Africa trade reached 18 billion US dollars. That is not the most impressive figure but in view of the continuing development of the African region and the steady growth of the continent’s population, Russian export obtain interesting prospects.
2023 July 31
Opening Africa: does it welcome Russian export?
The share of African countries in Russia's foreign trade increased from 2.3% in 2022 to 3.7% in 2023, according to the Federal Customs Service. Last year, Russia-Africa trade reached 18 billion US dollars. That is not the most impressive figure but in view of the continuing development of the African region and the steady growth of the continent’s population, Russian export obtain interesting prospects.