Dataset

Russian foreign trade tracker

Publishing date: 17 February 2023
Authors: Zsolt Darvas Catarina Martins Conor McCaffrey

Last update: 17 February 2023

Following Russia’s invasion of Ukraine, the Central Bank of Russia stopped publishing detailed trade data but continued releasing summary indicators, such as for the current-account surplus, which reached its highest-ever level in the second quarter of 2022.

To track Russian foreign trade, this dataset collects detailed trade data from European Union countries, China, the United States, South Korea, Japan, India, the United Kingdom and Turkey. These 34 countries accounted for around 75% of Russia’s exports and imports in 2019.

This dataset updates and extends most of the data used in the works:

Darvas, Zsolt and Catarina Martins (2022) ‘The impact of the Ukraine crisis on international trade’, Bruegel Working Paper 20/2022
Darvas, Zsolt and Catarina Martins (2022) ‘Russia’s huge trade surplus is not a sign of economic strength', Bruegel Blog

This dataset will be updated monthly. Data may change for earlier months due to revisions in the underlying data.

Data is updated up to December 2022; for South Korea, January 2023 data is already available.

November 2022 data for the EU27 was updated with Eurostat statistics, which were missing for the previous release.

About the authors

Zsolt Darvas

Zsolt Darvas, a Hungarian citizen, joined Bruegel as a Visiting Fellow in September 2008 and continued his work at Bruegel as a Research Fellow from January 2009, before being appointed Senior Fellow from September 2013. He is also a Senior Research Fellow at the Corvinus University of Budapest.

From 2005 to 2008, he was the Research Advisor of the Argenta Financial Research Group in Budapest. Before that, he worked at the research unit of the Central Bank of Hungary (1994-2005) where he served as Deputy Head.

Zsolt holds a Ph.D. in Economics from Corvinus University of Budapest where he teaches courses in Econometrics but also at other institutions since 1994. His research interests include macroeconomics, international economics, central banking and time series analysis.
Catarina Martins

Catarina works at Bruegel as a Research analyst. She studied her BSc in Economics at the University of Porto. She then pursued an international quantitative MSc in Economics via the QTEM Network, studying the first semester at the University of Porto, the second at HEC Montréal and the third semester at Solvay Brussels School of Economics and Management (SBS-EM).

Before joining Bruegel, Catarina worked at the European Central Bank in the Directorate General Market Operations, the department responsible for the implementation of Monetary Policy. As part of DG-M, Catarina joined the Money Market and Liquidity division, where she worked very closely with topics related to financial markets, benchmark reforms and liquidity developments. She had previously done a quantitative internship in Banco de Portugal at BPLim Microdata Research Laboratory of the Economics and Research department.

Catarina is interested in various areas of economics and financial topics and has developed over time a fascination for data-related work. She is fluent in Portuguese and English and has a good command of Spanish and French.
Conor McCaffrey

Conor works at Bruegel as a Research assistant. He studied Philosophy, Political Science, Economics and Sociology in Trinity College Dublin for his undergraduate degree, where he specialised in Economics and studied in Tilburg University for a semester. He also holds an MA in Economics from the Vancouver School of Economics in the University of British Columbia, Canada, and his thesis considered the impact of welfare reforms on educational outcomes in the UK.

Prior to completing his Master’s degree, Conor completed a traineeship in the European Parliament, where much of his work was focused on the Special Committee on Foreign Interference in European Democracies. He also worked as an intern in the Institute for International and European Affairs in Dublin, and held roles as both a Research Assistant and a Teaching Assistant over the course of his Master’s degree. He is particularly interested in labour and public economics.

Conor is a native English and Irish speaker.