Trade with Russia in 2023: 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 2023 than in a world without the war. The table starts with China, India and Türkiye.

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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 2023. 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	€29.2bn more0.17% of GDP more · €21 per person more	−€20m<0.01% of GDP	–	−€29.2bn−0.17% of GDP
2	India	€15.1bn more0.46% of GDP more · €10 per person more	−€6m<0.01% of GDP	–	−€15.1bn−0.46% of GDP
3	Türkiye	€5.2bn more0.49% of GDP more · €61 per person more	+€29m<0.01% of GDP	–	−€5.2bn−0.49% of GDP
4	Brazil	€2.8bn more0.14% of GDP more · €13 per person more	+€9m<0.01% of GDP	–	−€2.7bn−0.14% of GDP
5	Hungary	€1.5bn more0.81% of GDP more · €162 per person more	+€0.18bn+0.10% of GDP	€63m0.03% of GDP	−€1.3bn−0.68% of GDP
6	Hong Kong	€1.4bn more0.39% of GDP more · €187 per person more	−€1m<0.01% of GDP	–	−€1.4bn−0.39% of GDP
7	United Arab Emirates	€1.2bn more0.24% of GDP more · €107 per person more	+€15m<0.01% of GDP	–	−€1.2bn−0.23% of GDP
8	Saudi Arabia	€1.1bn more0.10% of GDP more · €31 per person more	+€0.29bn+0.03% of GDP	–	−€0.82bn−0.07% of GDP
9	Libya	€0.92bn more2.2% of GDP more · €124 per person more	−€5m−0.01% of GDP	–	−€0.92bn−2.2% of GDP
10	Iran	€0.80bn more0.19% of GDP more · €9 per person more	+€2m<0.01% of GDP	–	−€0.80bn−0.19% of GDP
11	Malaysia	€0.72bn more0.19% of GDP more · €20 per person more	+€2m<0.01% of GDP	–	−€0.72bn−0.19% of GDP
12	Indonesia	€0.72bn more0.06% of GDP more · €3 per person more	−€7m<0.01% of GDP	–	−€0.73bn−0.06% of GDP
13	Tunisia	€0.69bn more1.5% of GDP more · €56 per person more	+€1m<0.01% of GDP	–	−€0.69bn−1.5% of GDP
14	Singapore	€0.63bn more0.13% of GDP more · €104 per person more	+€14m<0.01% of GDP	€13m<0.01% of GDP	−€0.60bn−0.12% of GDP
15	Israel	€0.58bn more0.12% of GDP more · €58 per person more	+€23m<0.01% of GDP	–	−€0.56bn−0.11% of GDP
16	Egypt	€0.53bn more0.14% of GDP more · €5 per person more	+€20m<0.01% of GDP	–	−€0.51bn−0.13% of GDP
17	Switzerland	€0.53bn more0.06% of GDP more · €59 per person more	+€1.8bn+0.21% of GDP	€0.56bn0.07% of GDP	+€1.8bn+0.21% of GDP
18	Uzbekistan	€0.50bn more0.49% of GDP more · €14 per person more	−€2m<0.01% of GDP	–	−€0.50bn−0.50% of GDP
19	South Africa	€0.49bn more0.13% of GDP more · €8 per person more	+€2m<0.01% of GDP	–	−€0.49bn−0.13% of GDP
20	Azerbaijan	€0.48bn more0.68% of GDP more · €47 per person more	+€10m+0.01% of GDP	–	−€0.47bn−0.66% of GDP
21	Ghana	€0.39bn more0.53% of GDP more · €11 per person more	−€2m<0.01% of GDP	–	−€0.39bn−0.53% of GDP
22	Mongolia	€0.34bn more1.8% of GDP more · €95 per person more	–	–	−€0.34bn−1.8% of GDP
23	Oman	€0.32bn more0.32% of GDP more · €60 per person more	−€2m<0.01% of GDP	–	−€0.32bn−0.32% of GDP
24	Tanzania	€0.31bn more0.42% of GDP more · €4 per person more	–	–	−€0.31bn−0.42% of GDP
25	Austria	€0.31bn more0.06% of GDP more · €33 per person more	+€0.93bn+0.20% of GDP	€0.26bn0.06% of GDP	+€0.89bn+0.19% of GDP
26	Serbia	€0.26bn more0.35% of GDP more · €39 per person more	−€2m<0.01% of GDP	–	−€0.26bn−0.35% of GDP
27	Nepal	€0.23bn more0.60% of GDP more · €8 per person more	−€3m<0.01% of GDP	–	−€0.24bn−0.61% of GDP
28	Georgia	€0.21bn more0.75% of GDP more · €55 per person more	−€1m<0.01% of GDP	–	−€0.21bn−0.75% of GDP
29	Iraq	€0.21bn more0.08% of GDP more · €4 per person more	−€7m<0.01% of GDP	–	−€0.21bn−0.08% of GDP
30	Côte d'Ivoire	€0.17bn more0.23% of GDP more · €5 per person more	–	–	−€0.17bn−0.23% of GDP
31	Australia	€0.16bn more0.01% of GDP more · €6 per person more	+€0.20bn+0.01% of GDP	€4m<0.01% of GDP	+€42m<0.01% of GDP
32	Sri Lanka	€0.16bn more0.20% of GDP more · €7 per person more	−€1m<0.01% of GDP	–	−€0.16bn−0.20% of GDP
33	North Macedonia	€0.13bn more0.91% of GDP more · €72 per person more	+€29m+0.20% of GDP	–	−€0.10bn−0.70% of GDP
34	Burkina Faso	€0.13bn more0.65% of GDP more · €5 per person more	–	–	−€0.13bn−0.65% of GDP
35	Senegal	€0.12bn more0.44% of GDP more · €7 per person more	−€1m<0.01% of GDP	–	−€0.13bn−0.45% of GDP
36	Kenya	€0.11bn more0.11% of GDP more · €2 per person more	–	–	−€0.11bn−0.11% of GDP
37	Albania	€99m more0.46% of GDP more · €42 per person more	+€10m+0.05% of GDP	–	−€89m−0.41% of GDP
38	Jordan	€92m more0.18% of GDP more · €8 per person more	–	–	−€92m−0.18% of GDP
39	Algeria	€90m more0.04% of GDP more · €2 per person more	−€3m<0.01% of GDP	–	−€93m−0.04% of GDP
40	Kyrgyzstan	€81m more0.57% of GDP more · €11 per person more	–	–	−€81m−0.57% of GDP
41	Afghanistan	€69m more0.45% of GDP more · €2 per person more	–	–	−€69m−0.45% of GDP
42	Pakistan	€57m more0.02% of GDP more · <€1 per person	−€7m<0.01% of GDP	–	−€64m−0.02% of GDP
43	Mozambique	€56m more0.29% of GDP more · €2 per person more	–	–	−€56m−0.29% of GDP
44	Zimbabwe	€40m more0.11% of GDP more · €2 per person more	–	–	−€39m−0.11% of GDP
45	Central African Republic small economy	€38m more1.6% of GDP more · €7 per person more	–	–	−€38m−1.6% of GDP
46	Mauritius	€37m more0.29% of GDP more · €30 per person more	–	–	−€37m−0.28% of GDP
47	Jamaica	€37m more0.19% of GDP more · €13 per person more	–	–	−€37m−0.19% of GDP
48	Namibia	€35m more0.29% of GDP more · €11 per person more	–	–	−€35m−0.29% of GDP
49	Vietnam	€34m more<0.01% of GDP · <€1 per person	+€2m<0.01% of GDP	–	−€32m<0.01% of GDP
50	DR Congo	€29m more0.04% of GDP more · <€1 per person	–	–	−€29m−0.04% of GDP
51	Bhutan small economy	€17m more0.60% of GDP more · €22 per person more	–	–	−€17m−0.60% of GDP
52	New Zealand	€17m more<0.01% of GDP · €3 per person more	+€23m<0.01% of GDP	–	+€7m<0.01% of GDP
53	Djibouti small economy	€15m more0.42% of GDP more · €13 per person more	–	–	−€16m−0.43% of GDP
54	Myanmar	€14m more0.02% of GDP more · <€1 per person	–	–	−€15m−0.02% of GDP
55	Uganda	€13m more0.03% of GDP more · <€1 per person	–	–	−€13m−0.03% of GDP
56	Uruguay	€12m more0.02% of GDP more · €4 per person more	–	–	−€12m−0.02% of GDP
57	Bahrain	€12m more0.03% of GDP more · €8 per person more	–	–	−€12m−0.03% of GDP
58	Philippines	€12m more<0.01% of GDP · <€1 per person	−€1m<0.01% of GDP	–	−€12m<0.01% of GDP
59	Cambodia	€11m more0.03% of GDP more · €1 per person more	–	–	−€11m−0.03% of GDP
60	Bangladesh	€10m more<0.01% of GDP · <€1 per person	+€2m<0.01% of GDP	–	−€9m<0.01% 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 €0.35bn more
North Korea: Russia kept from trade, vs no war €0.82bn more

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-2023/

Trade with Russia in 2023: whose trade raised or cut Russia's earnings?

Ranking · 60

Party to the war (with Russia), not ranked

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