Between 1999 and 2005, EU25 trade in goods with Russia more than tripled in value: exports rose from 16.6 billion euro to 56.4 bn, while imports increased from 34.3 bn to 106.7 bn euro.
As a result, the EU25 deficit in trade with Russia increased from 17.6 bn in 1999 to 50.3 bn in 2005.
This increased deficit was due to imports of energy, which rose from 17.6 bn in 1999 to 70.6 bn in 2005.
The share of Russia in the EU25's total external trade in goods has doubled between 1999 and 2005.
In 2005, Russia accounted for just over 5 percent of EU25 exports and 9 percent of EU25 imports, and was the EU25's third most important trading partner, after the USA and China.
On the occasion of the European Union - Russia summit, which will take place on Thursday 25 May 2006 in Sochi in Russia, Eurostat, the Statistical Office of the European Communities, issues data on trade in goods between Russia and the 25 Member States of the EU.
Exports dominated by manufactured goods, imports by oil and gas.
In 2005, EU25 exports of primary products to Russia amounted to 5.7 bn euro, and imports to 75.5 bn, resulting in a deficit of 69.8 bn. EU25 exports of manufactured goods to Russia were 49.5 bn, and imports 16.9 bn, with a surplus of 32.6 bn.
Half of EU25 exports to Russia in 2005 were machinery and vehicles1, while energy accounted for two thirds of imports.
At the detailed level, the main EU25 exports to Russia were radio and telephone transmission equipment, medicine, motor cars, aircraft, computers and parts, and washing machines, while the main imports were oil, gas, coal and nickel.
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