War Balance
Sellers' gain on sales to Russia: every country since 2022
One part of how much more or less Russia kept from trade with each country than in a world without the war (taxes and profit, not the sales value). From 2022 to August 2026, 60 countries have this part; the table starts with China, Germany and Poland.
These numbers measure money: aid to Ukraine and the change in what Russia keeps from trade, against a world without the war. Weapons count at their money value: aid at market value when delivered, weapons and troops sent to Russia at the seller's gain where Russia paid and in full where it did not. Votes, diplomacy and intent are not in them.
Ranking · 60
Sorted by “Sellers' gain on sales to Russia” in euros, by size, either way, 2022 to August 2026. + toward Ukraine, − toward Russia; more or less: how much more or less Russia kept (taxes and profit, not sales) than in a world without the war.
| # | Country | Sellers' gain on sales to Russia | Russia kept from trade, vs no war | Net |
|---|---|---|---|---|
| 1 | China | −€2.4bn−0.01% of GDP · −€2 per personrange −€11.7bn to −€57m | €128bn more0.74% of GDP morevery likely · >99% | −€128bn−0.75% of GDPvery likely · >99% |
| 2 | Germany | +€1bn+0.02% of GDP · +€12 per personrange +€37m to +€2.8bn | €72.6bn less1.7% of GDP lessvery likely · >99% | +€153bn+3.7% of GDPvery likely · >99% |
| 3 | Poland | +€0.84bn+0.11% of GDP · +€23 per personrange +€0.13bn to +€2.1bn | €22.8bn less3.0% of GDP lessvery likely · >99% | +€37.8bn+5.0% of GDPvery likely · >99% |
| 4 | Netherlands | +€0.48bn+0.05% of GDP · +€27 per personrange +€99m to +€1.2bn | €30.2bn less2.9% of GDP lessvery likely · 98% | +€54.1bn+5.1% of GDPvery likely · >99% |
| 5 | United States | +€0.44bn<0.01% of GDP · +€1 per personrange +€66m to +€1.2bn | €47.4bn less0.18% of GDP lessvery likely · >99% | +€132bn+0.51% of GDPvery likely · >99% |
| 6 | United Kingdom | +€0.19bn<0.01% of GDP · +€3 per personrange +€36m to +€0.48bn | €34.9bn less1.1% of GDP lessvery likely · >99% | +€58.4bn+1.8% of GDPvery likely · >99% |
| 7 | Denmark | +€0.17bn+0.05% of GDP · +€29 per personrange +€26m to +€0.72bn | €3.7bn less0.98% of GDP lessvery likely · >99% | +€15.5bn+4.0% of GDPvery likely · >99% |
| 8 | France | +€0.16bn<0.01% of GDP · +€2 per personrange +€5m to +€0.44bn | €20.2bn less0.72% of GDP lesslikely toward Ukraine · 94% | +€43.6bn+1.6% of GDPvery likely · >99% |
| 9 | Finland | +€0.14bn+0.05% of GDP · +€26 per personrange +€19m to +€0.42bn | €17.4bn less6.4% of GDP lessvery likely · >99% | +€23.1bn+8.5% of GDPvery likely · >99% |
| 10 | Hong Kong | +€0.13bn+0.04% of GDP · +€18 per personrange +€5m to +€0.55bn | €5.7bn more1.6% of GDP morelikely toward Russia · 97% | −€5.8bn−1.6% of GDPlikely toward Russia · 97% |
| 11 | Sweden | +€0.13bn+0.02% of GDP · +€13 per personrange +€13m to +€0.36bn | €10.6bn less1.9% of GDP lessvery likely · >99% | +€20.1bn+3.7% of GDPvery likely · >99% |
| 12 | Italy | +€0.11bn<0.01% of GDP · +€2 per personrange €0m to +€0.37bn | €18.8bn less0.89% of GDP lesslikely toward Ukraine · 91% | +€34.4bn+1.6% of GDPvery likely · >99% |
| 13 | Lithuania | +€97m+0.13% of GDP · +€34 per personrange +€14m to +€0.30bn | €7.4bn less10.1% of GDP lessvery likely · >99% | +€8.8bn+11.9% of GDPvery likely · >99% |
| 14 | Türkiye | −€89m<0.01% of GDP · −€1 per personrange −€0.65bn to +€0.41bn | €32.8bn more3.1% of GDP morevery likely · 96% | −€32.7bn−3.1% of GDPvery likely · 96% |
| 15 | Uzbekistan | −€82m−0.08% of GDP · −€2 per personrange −€0.70bn to +€0.11bn | €4.1bn more4.1% of GDP morevery likely · >99% | −€4.1bn−4.1% of GDPvery likely · >99% |
| 16 | Czechia | +€72m+0.02% of GDP · +€7 per personrange +€2m to +€0.34bn | €3.6bn less1.2% of GDP lesslikely toward Ukraine · 81% | +€8bn+2.6% of GDPvery likely · 97% |
| 17 | Egypt | −€58m−0.01% of GDP · <€1 per personrange −€0.30bn to −€1m | €1.8bn more0.45% of GDP morevery likely · 95% | −€1.7bn−0.43% of GDPlikely toward Russia · 95% |
| 18 | Armenia | −€51m−0.23% of GDP · −€17 per personrange −€0.31bn to +€88m | €34m more0.15% of GDP morelikely toward Russia · 69% | −€37m−0.17% of GDPlikely toward Russia · 69% |
| 19 | Switzerland | +€50m<0.01% of GDP · +€6 per personrange −€21m to +€0.28bn | €1.6bn more0.18% of GDP morelikely toward Russia · 86% | +€8.7bn+1.0% of GDPvery likely · >99% |
| 20 | Kyrgyzstan | −€50m−0.35% of GDP · −€7 per personrange −€0.24bn to +€4m | €1.4bn more10.0% of GDP morevery likely · 97% | −€1.4bn−10.0% of GDPvery likely · 97% |
| 21 | Spain | +€48m<0.01% of GDP · +€1 per personrange €0m to +€0.14bn | €6.2bn less0.42% of GDP lesslikely toward Ukraine · 89% | +€16.6bn+1.1% of GDPvery likely · >99% |
| 22 | Romania | +€42m+0.01% of GDP · +€2 per personrange +€2m to +€0.15bn | €6.7bn less2.1% of GDP lessvery likely · 96% | +€8.9bn+2.8% of GDPvery likely · 99% |
| 23 | India | −€41m<0.01% of GDP · <€1 per personrange −€0.36bn to +€81m | €70.5bn more2.2% of GDP morevery likely · >99% | −€70.6bn−2.2% of GDPvery likely · >99% |
| 24 | Vietnam | +€39m<0.01% of GDP · <€1 per personrange −€0.13bn to +€0.23bn | €0.13bn more0.03% of GDP moreessentially zero | −€0.10bn−0.03% of GDPessentially zero |
| 25 | Austria | +€38m<0.01% of GDP · +€4 per personrange +€1m to +€0.16bn | €2.4bn more0.51% of GDP morelikely toward Russia · 67% | +€2.1bn+0.45% of GDPlikely toward Ukraine · 68% |
| 26 | Georgia | −€29m−0.10% of GDP · −€8 per personrange −€0.14bn to +€58m | €1.2bn more4.1% of GDP morelikely toward Russia · 86% | −€1.2bn−4.1% of GDPlikely toward Russia · 87% |
| 27 | Taiwan | +€25m<0.01% of GDP · +€1 per personrange +€1m to +€0.11bn | €0.46bn less0.06% of GDP lessessentially zero | +€0.66bn+0.09% of GDPessentially zero |
| 28 | Bangladesh | +€20m<0.01% of GDP · <€1 per personrange −€6m to +€0.18bn | €53m more0.01% of GDP moreessentially zero | −€61m−0.01% of GDPessentially zero |
| 29 | Kazakhstan | +€19m<0.01% of GDP · +€1 per personrange −€0.30bn to +€0.65bn | €35m less0.01% of GDP lessessentially zero | +€55m+0.02% of GDPessentially zero |
| 30 | South Africa | −€19m<0.01% of GDP · <€1 per personrange −€0.12bn to +€20m | €1.8bn more0.49% of GDP morevery likely · >99% | −€1.8bn−0.49% of GDPvery likely · >99% |
| 31 | Canada | +€19m<0.01% of GDP · <€1 per personrange +€1m to +€94m | €1.7bn less0.08% of GDP lessvery likely · 98% | +€10.6bn+0.51% of GDPvery likely · >99% |
| 32 | Singapore | +€19m<0.01% of GDP · +€3 per personrange +€1m to +€94m | €2.2bn more0.44% of GDP morelikely toward Russia · 78% | −€2bn−0.41% of GDPlikely toward Russia · 75% |
| 33 | Greece | +€18m<0.01% of GDP · +€2 per personrange +€2m to +€69m | €1.6bn more0.70% of GDP morelikely toward Russia · 69% | +€0.18bn+0.08% of GDPessentially zero |
| 34 | Malaysia | +€16m<0.01% of GDP · <€1 per personrange −€11m to +€0.13bn | €2.5bn more0.65% of GDP morevery likely · 99% | −€2.5bn−0.64% of GDPvery likely · 99% |
| 35 | Latvia | +€15m+0.04% of GDP · +€8 per personrange −€43m to +€0.14bn | €1.4bn less3.5% of GDP lessvery likely · 99% | +€2.2bn+5.6% of GDPvery likely · >99% |
| 36 | Japan | +€13m<0.01% of GDP · <€1 per personrange €0m to +€0.18bn | €6.5bn less0.16% of GDP lessnear zero · 94% toward Ukraine | +€12.2bn+0.30% of GDPvery likely · >99% |
| 37 | Paraguay | +€13m+0.03% of GDP · +€2 per personrange <€1m to +€80m | €50m more0.12% of GDP moretoo close to call · 55% toward Russia | −€50m−0.12% of GDPtoo close to call · 55% toward Russia |
| 38 | Israel | +€12m<0.01% of GDP · +€1 per personrange −€5m to +€95m | €0.14bn more0.03% of GDP moreessentially zero | +€1m<0.01% of GDPessentially zero |
| 39 | Norway | +€12m<0.01% of GDP · +€2 per personrange €0m to +€46m | €2bn less0.40% of GDP lessvery likely · 98% | +€14.8bn+2.9% of GDPvery likely · >99% |
| 40 | Iran | −€12m<0.01% of GDP · <€1 per personrange −€82m to +€56m | €1.9bn more0.44% of GDP morevery likely · >99% | −€1.9bn−0.44% of GDPvery likely · >99% |
| 41 | Mexico | +€11m<0.01% of GDP · <€1 per personrange −€10m to +€77m | €0.39bn less0.02% of GDP lessessentially zero | +€0.41bn+0.03% of GDPessentially zero |
| 42 | Ireland | +€9m<0.01% of GDP · +€2 per personrange −€0.30bn to +€0.50bn | €1.4bn less0.25% of GDP lessvery likely · 99% | +€9.5bn+1.8% of GDPvery likely · >99% |
| 43 | Turkmenistan | −€8m−0.02% of GDP · −€1 per personrange −€40m to +€4m | €0.58bn less1.5% of GDP lesslikely toward Ukraine · 84% | +€0.57bn+1.5% of GDPlikely toward Ukraine · 83% |
| 44 | Thailand | +€8m<0.01% of GDP · <€1 per personrange −€40m to +€0.12bn | €0.38bn less0.08% of GDP lessessentially zero | +€0.39bn+0.08% of GDPessentially zero |
| 45 | Azerbaijan | −€8m−0.01% of GDP · −€1 per personrange −€85m to +€0.14bn | €1.8bn more2.5% of GDP morevery likely · 99% | −€1.7bn−2.5% of GDPvery likely · 99% |
| 46 | Argentina | +€7m<0.01% of GDP · <€1 per personrange −€3m to +€60m | €0.30bn less0.05% of GDP lessessentially zero | +€0.31bn+0.05% of GDPessentially zero |
| 47 | United Arab Emirates | +€7m<0.01% of GDP · +€1 per personrange −€0.19bn to +€89m | €3.6bn more0.72% of GDP morelikely toward Russia · 97% | −€3.5bn−0.71% of GDPlikely toward Russia · 97% |
| 48 | Chile | +€6m<0.01% of GDP · <€1 per personrange −€5m to +€56m | €0.10bn less0.03% of GDP lessessentially zero | +€0.11bn+0.04% of GDPvery likely · 99% |
| 49 | Jamaica | −€6m−0.03% of GDP · −€2 per personrange −€22m to +€5m | €94m more0.49% of GDP morevery likely · >99% | −€94m−0.49% of GDPvery likely · >99% |
| 50 | Moldova | +€6m+0.04% of GDP · +€2 per personrange <€1m to +€40m | €0.97bn less6.3% of GDP lessvery likely · 96% | +€1.1bn+6.9% of GDPvery likely · 97% |
| 51 | Brazil | +€6m<0.01% of GDP · <€1 per personrange −€23m to +€51m | €10.1bn more0.51% of GDP morevery likely · >99% | −€10.1bn−0.51% of GDPvery likely · >99% |
| 52 | Ghana | −€6m<0.01% of GDP · <€1 per personrange −€28m to <€1m | €0.66bn more0.90% of GDP morevery likely · 99% | −€0.68bn−0.92% of GDPvery likely · 99% |
| 53 | Serbia | +€6m<0.01% of GDP · +€1 per personrange −€41m to +€0.14bn | €1.1bn more1.4% of GDP morelikely toward Russia · 83% | −€1.1bn−1.4% of GDPlikely toward Russia · 84% |
| 54 | Portugal | +€5m<0.01% of GDP · <€1 per personrange <€1m to +€23m | €1.8bn less0.68% of GDP lessvery likely · 98% | +€3.5bn+1.3% of GDPvery likely · >99% |
| 55 | Australia | +€5m<0.01% of GDP · <€1 per personrange <€1m to +€25m | €1.9bn more0.12% of GDP morevery likely · >99% | −€0.61bn−0.04% of GDPessentially zero |
| 56 | New Zealand | +€5m<0.01% of GDP · +€1 per personrange +€1m to +€22m | €1m more<0.01% of GDPessentially zero | +€0.13bn+0.05% of GDPessentially zero |
| 57 | Pakistan | +€5m<0.01% of GDP · <€1 per personrange <€1m to +€29m | €0.17bn more0.05% of GDP moreessentially zero | −€0.24bn−0.07% of GDPessentially zero |
| 58 | Uganda | −€4m<0.01% of GDP · <€1 per personrange −€17m to <€1m | €30m more0.07% of GDP moreessentially zero | −€33m−0.07% of GDPessentially zero |
| 59 | Côte d'Ivoire | −€4m<0.01% of GDP · <€1 per personrange −€17m to <€1m | €0.52bn more0.70% of GDP morevery likely · >99% | −€0.52bn−0.71% of GDPvery likely · >99% |
| 60 | Indonesia | +€4m<0.01% of GDP · <€1 per personrange −€53m to +€70m | €2.5bn more0.20% of GDP morevery likely · >99% | −€2.6bn−0.20% of GDPvery likely · >99% |
Each row: the best estimate, then its range in the same unit and sign. The chances of the direction are for each country's totals, on its page.
Party to the war (with Russia), not ranked
- Belarus: Sellers' gain on sales to Russia −€0.37bn
Related
- Russia's gain on fuel and goods it sold
- Russia's gain from war-time fuel prices
- Extra price Russia paid because of sanctions
- Company taxes paid in Russia
- Company profits in Russia
- Stakes in Russian oil and gas projects
- Services bought from Russia
- Services sold to Russia
Ranking · Support for Ukraine by country · Trade with Russia by country · All topics · How it works
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Cite as: War Balance, figures to August 2026, https://warbalance.org/exports-to-russia/