In Response To Sanctions, Russia Has Banned The Export Of Automobiles And Auto Parts
by Exim Trade Data Global Import Export Trade DataRussia has planned to impose a ban on the export of vehicles and auto components, as well as 200 other items, in reaction to sanctions placed on it due to the ongoing conflicts of its invasion of Ukraine.
Not only in Russia, but throughout the world, the conflict continues to have an influence on the car sector.
The decision will exacerbate the continuing semiconductor issue that automakers will confront in the coming days. Here's a look at what Russia will be exporting in terms of vehicles and auto components in 2021.
Russia exports automobiles and automobile parts.
In 2021, Russia exported automobiles worth $1,395 million and auto parts worth $761 million, according to our database. In comparison to the previous year, both of these figures have increased. Here's a look at the patterns in Russian automobile and Auto Parts Exports over the last ten years.
Top Car Export Partners in Russia
Kazakhstan (40.5 percent), Belarus (31.5 percent), Uzbekistan (4.5 percent), Azerbaijan (4.1 percent), Germany (3.6 percent), Armenia (2.6 percent), Ukraine (1.6 percent), United Arab Emirates (1.5 percent), Tajikistan (1.3 percent), and Kyrgyzstan (1.3 percent) were Russia's top 10 car export partners in 2021. (1.2 percent ).
Country | Value in USD ($) | Year |
Belarus | $439 Million | 2021 |
Ukraine | $22 Million | 2021 |
Kyrgyzstan | $16 Million | 2021 |
Tajikistan | $17 Million | 2021 |
Uzbekistan | $63 Million | 2021 |
United Arab Emirates | $20 Million | 2021 |
Armenia | $36 Million | 2021 |
Germany | $49 Million | 2021 |
Azerbaijan | $56 Million | 2021 |
Kazakhstan | $565 Million | 2021 |
Top Auto Parts Export Partners in Russia
Kazakhstan (35.8 percent), Belarus (27.4 percent), Ukraine (8.1 percent), Germany (3.5 percent), Azerbaijan (2.5 percent), Uzbekistan (2.3 percent), Armenia (2 percent), Romania (2 percent), France (1.8 percent), and the United States (1.8 percent) were Russia's top 10 auto parts export partners in 2021. (1.5 percent ).
Country | Value in USD ($) | Year |
United States | $11 Million | 2021 |
Romania | $14 Million | 2021 |
Kazakhstan | $272 Million | 2021 |
Germany | $26 Million | 2021 |
Armenia | $15 Million | 2021 |
France | $13 Million | 2021 |
Uzbekistan | $17 Million | 2021 |
Ukraine | $62 Million | 2021 |
Belarus | $208 Million | 2021 |
Azerbaijan | $19 Million | 2021 |
Honda, Toyota, Jaguar Land Rover, Mercedes-Benz, Ford, and BMW have not only halted operations in the nation but have also exported their automobiles there. Hyundai, one of Russia's leading foreign carmakers, has declared that it plans to resume manufacturing following a supply chain interruption, but it will be tough to do so if Russia's ban on vehicle exports remains in place. Renault is also feeling the effects of the current conflict between Russia and Ukraine.
The prohibition on automobile and auto parts exports in Russia will stay in place until the end of the year. Vehicles, telecommunications, medical, agricultural, electrical, and lumber are among the products that have been removed from Russia's export list. Get the most up-to-date information on crucial trade developments in the midst of the Russia-Ukraine conflict.
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Created on Apr 5th 2022 00:21. Viewed 278 times.