Trade with Russia in 2022: whose trade raised or cut Russia's earnings?

How much more or less Russia kept (taxes and profit, not the sales value) from trade with each country in 2022 than in a world without the war. The table starts with China, Türkiye and India.

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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 “Russia kept from trade, vs no war” in euros, from where Russia kept more to where it kept less, in 2022. More or less: how much more or less Russia kept (taxes and profit, not sales) than in a world without the war; + adds to its support for Ukraine, − takes from it; + toward Ukraine, − toward Russia.

#	Country	Russia kept from trade, vs no war	Support for Ukraine	Russian money frozen (return lost)	Net
1	China	€20.8bn more0.12% of GDP more · €15 per person more	−€0.16bn<0.01% of GDP	–	−€21bn−0.12% of GDP
2	Türkiye	€15.1bn more1.4% of GDP more · €177 per person more	+€0.11bn+0.01% of GDP	–	−€15bn−1.4% of GDP
3	India	€13.2bn more0.40% of GDP more · €9 per person more	−€40m<0.01% of GDP	–	−€13.2bn−0.40% of GDP
4	Hungary	€8.3bn more4.4% of GDP more · €869 per person more	+€0.27bn+0.14% of GDP	€14m<0.01% of GDP	−€8bn−4.2% of GDP
5	Austria	€4.2bn more0.88% of GDP more · €453 per person more	+€0.82bn+0.17% of GDP	€53m0.01% of GDP	−€3.3bn−0.69% of GDP
6	Italy	€3.9bn more0.18% of GDP more · €66 per person more	+€2.9bn+0.14% of GDP	€0.22bn0.01% of GDP	−€0.78bn−0.04% of GDP
7	Greece	€3.5bn more1.6% of GDP more · €334 per person more	+€0.42bn+0.19% of GDP	€21m<0.01% of GDP	−€3bn−1.4% of GDP
8	Germany	€3.2bn more0.08% of GDP more · €39 per person more	+€14.7bn+0.35% of GDP	€0.36bn<0.01% of GDP	+€11.9bn+0.28% of GDP
9	Czechia	€3bn more0.96% of GDP more · €271 per person more	+€1.5bn+0.48% of GDP	€22m<0.01% of GDP	−€1.4bn−0.47% of GDP
10	Belgium	€2bn more0.34% of GDP more · €172 per person more	+€0.90bn+0.15% of GDP	€0.75bn0.13% of GDP	−€0.38bn−0.06% of GDP
11	Slovakia	€1.9bn more1.6% of GDP more · €358 per person more	+€0.48bn+0.40% of GDP	€10m<0.01% of GDP	−€1.4bn−1.2% of GDP
12	France	€1.4bn more0.05% of GDP more · €21 per person more	+€3.5bn+0.13% of GDP	€0.41bn0.01% of GDP	+€2.6bn+0.09% of GDP
13	Bulgaria	€1.3bn more1.3% of GDP more · €197 per person more	+€0.21bn+0.22% of GDP	€7m<0.01% of GDP	−€1.1bn−1.1% of GDP
14	Serbia	€0.95bn more1.3% of GDP more · €144 per person more	+€1m<0.01% of GDP	–	−€0.95bn−1.3% of GDP
15	Malaysia	€0.69bn more0.18% of GDP more · €19 per person more	−€1m<0.01% of GDP	–	−€0.69bn−0.18% of GDP
16	Switzerland	€0.67bn more0.08% of GDP more · €74 per person more	+€1.6bn+0.19% of GDP	€0.14bn0.02% of GDP	+€1.1bn+0.13% of GDP
17	Slovenia	€0.65bn more1.0% of GDP more · €303 per person more	+€0.10bn+0.17% of GDP	€6m<0.01% of GDP	−€0.54bn−0.85% of GDP
18	Brazil	€0.60bn more0.03% of GDP more · €3 per person more	+€3m<0.01% of GDP	–	−€0.60bn−0.03% of GDP
19	South Africa	€0.57bn more0.15% of GDP more · €9 per person more	+€2m<0.01% of GDP	–	−€0.57bn−0.15% of GDP
20	Japan	€0.48bn more0.01% of GDP more · €4 per person more	+€1.1bn+0.03% of GDP	€3m<0.01% of GDP	+€0.63bn+0.02% of GDP
21	Georgia	€0.41bn more1.5% of GDP more · €107 per person more	+€3m+0.01% of GDP	–	−€0.41bn−1.5% of GDP
22	Morocco	€0.36bn more0.26% of GDP more · €9 per person more	−€12m<0.01% of GDP	–	−€0.37bn−0.27% of GDP
23	Indonesia	€0.34bn more0.03% of GDP more · €1 per person more	−€25m<0.01% of GDP	–	−€0.37bn−0.03% of GDP
24	Kazakhstan	€0.33bn more0.14% of GDP more · €16 per person more	+€2m<0.01% of GDP	–	−€0.33bn−0.14% of GDP
25	Uzbekistan	€0.31bn more0.31% of GDP more · €9 per person more	−€1m<0.01% of GDP	–	−€0.31bn−0.31% of GDP
26	Hong Kong	€0.30bn more0.09% of GDP more · €41 per person more	−€3m<0.01% of GDP	–	−€0.31bn−0.09% of GDP
27	Oman	€0.30bn more0.30% of GDP more · €57 per person more	−€3m<0.01% of GDP	–	−€0.30bn−0.30% of GDP
28	Egypt	€0.29bn more0.07% of GDP more · €3 per person more	−€7m<0.01% of GDP	–	−€0.30bn−0.08% of GDP
29	Mongolia	€0.28bn more1.5% of GDP more · €80 per person more	–	–	−€0.28bn−1.5% of GDP
30	Iraq	€0.26bn more0.10% of GDP more · €6 per person more	−€21m<0.01% of GDP	–	−€0.29bn−0.11% of GDP
31	Pakistan	€0.26bn more0.08% of GDP more · €1 per person more	−€19m<0.01% of GDP	–	−€0.27bn−0.08% of GDP
32	Sri Lanka	€0.25bn more0.31% of GDP more · €11 per person more	−€1m<0.01% of GDP	–	−€0.25bn−0.31% of GDP
33	Azerbaijan	€0.22bn more0.32% of GDP more · €22 per person more	+€14m+0.02% of GDP	–	−€0.21bn−0.30% of GDP
34	Tunisia	€0.21bn more0.47% of GDP more · €17 per person more	−€5m−0.01% of GDP	–	−€0.22bn−0.49% of GDP
35	Moldova	€0.19bn more1.3% of GDP more · €81 per person more	+€24m+0.15% of GDP	–	−€0.17bn−1.1% of GDP
36	Tajikistan	€0.19bn more1.6% of GDP more · €18 per person more	–	–	−€0.19bn−1.6% of GDP
37	Croatia	€0.18bn more0.24% of GDP more · €47 per person more	+€0.15bn+0.19% of GDP	€6m<0.01% of GDP	−€29m−0.04% of GDP
38	Saudi Arabia	€0.18bn more0.02% of GDP more · €5 per person more	+€13m<0.01% of GDP	–	−€0.17bn−0.01% of GDP
39	Tanzania	€0.17bn more0.24% of GDP more · €3 per person more	−€1m<0.01% of GDP	–	−€0.18bn−0.24% of GDP
40	Latvia	€0.17bn more0.45% of GDP more · €93 per person more	+€0.23bn+0.58% of GDP	€4m<0.01% of GDP	+€57m+0.15% of GDP
41	North Macedonia	€0.17bn more1.2% of GDP more · €93 per person more	+€27m+0.19% of GDP	–	−€0.14bn−0.98% of GDP
42	Iran	€0.16bn more0.04% of GDP more · €2 per person more	−€1m<0.01% of GDP	–	−€0.16bn−0.04% of GDP
43	Armenia	€0.16bn more0.73% of GDP more · €52 per person more	−€1m<0.01% of GDP	–	−€0.16bn−0.74% of GDP
44	Australia	€0.16bn more<0.01% of GDP · €6 per person more	+€0.51bn+0.03% of GDP	€2m<0.01% of GDP	+€0.36bn+0.02% of GDP
45	Libya	€0.15bn more0.35% of GDP more · €20 per person more	−€4m<0.01% of GDP	–	−€0.15bn−0.36% of GDP
46	Kenya	€0.13bn more0.12% of GDP more · €2 per person more	−€2m<0.01% of GDP	–	−€0.13bn−0.13% of GDP
47	Yemen	€0.13bn more1.5% of GDP more · €3 per person more	−€4m−0.04% of GDP	–	−€0.13bn−1.5% of GDP
48	United Arab Emirates	€0.13bn more0.03% of GDP more · €11 per person more	+€2m<0.01% of GDP	–	−€0.12bn−0.03% of GDP
49	Nepal	€0.11bn more0.29% of GDP more · €4 per person more	−€2m<0.01% of GDP	–	−€0.12bn−0.30% of GDP
50	Kyrgyzstan	€0.11bn more0.76% of GDP more · €15 per person more	–	–	−€0.11bn−0.76% of GDP
51	Algeria	€0.10bn more0.04% of GDP more · €2 per person more	+€2m<0.01% of GDP	–	−€99m−0.04% of GDP
52	Burkina Faso	€98m more0.51% of GDP more · €4 per person more	+€1m<0.01% of GDP	–	−€98m−0.51% of GDP
53	Senegal	€90m more0.32% of GDP more · €5 per person more	–	–	−€91m−0.32% of GDP
54	Mozambique	€72m more0.37% of GDP more · €2 per person more	–	–	−€72m−0.37% of GDP
55	Paraguay	€71m more0.18% of GDP more · €10 per person more	–	–	−€71m−0.18% of GDP
56	Côte d'Ivoire	€70m more0.09% of GDP more · €2 per person more	–	–	−€70m−0.09% of GDP
57	Cyprus	€58m more0.18% of GDP more · €43 per person more	+€52m+0.16% of GDP	€13m0.04% of GDP	+€7m+0.02% of GDP
58	Bosnia and Herzegovina	€51m more0.20% of GDP more · €16 per person more	+€2m<0.01% of GDP	–	−€49m−0.19% of GDP
59	Spain	€46m more<0.01% of GDP · €1 per person more	+€2.1bn+0.14% of GDP	€0.14bn<0.01% of GDP	+€2.2bn+0.15% of GDP
60	Afghanistan	€46m more0.30% of GDP more · €1 per person more	–	–	−€46m−0.30% of GDP

Each row: that year's amount, a best estimate. The ranges and chances are for the totals since 2022, on each country's page.

Party to the war (with Russia), not ranked

Belarus: Russia kept from trade, vs no war €1.2bn more
North Korea: Russia kept from trade, vs no war €3m less

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/trade-with-russia-2022/

Trade with Russia in 2022: whose trade raised or cut Russia's earnings?

Ranking · 60

Party to the war (with Russia), not ranked

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