Trade with Russia in 2024: 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 2024 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 2024. 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	€34.7bn more0.20% of GDP more · €25 per person more	−€59m<0.01% of GDP	–	−€34.8bn−0.20% of GDP
2	India	€19.5bn more0.60% of GDP more · €13 per person more	−€10m<0.01% of GDP	–	−€19.5bn−0.60% of GDP
3	Türkiye	€6.2bn more0.59% of GDP more · €73 per person more	+€1m<0.01% of GDP	–	−€6.2bn−0.59% of GDP
4	Brazil	€3.1bn more0.16% of GDP more · €15 per person more	+€11m<0.01% of GDP	–	−€3.1bn−0.16% of GDP
5	Uzbekistan	€1.5bn more1.5% of GDP more · €42 per person more	−€3m<0.01% of GDP	–	−€1.5bn−1.5% of GDP
6	Singapore	€1.5bn more0.30% of GDP more · €243 per person more	+€11m<0.01% of GDP	€13m<0.01% of GDP	−€1.4bn−0.29% of GDP
7	Hong Kong	€1.3bn more0.37% of GDP more · €173 per person more	−€2m<0.01% of GDP	–	−€1.3bn−0.37% of GDP
8	Libya	€1.2bn more2.9% of GDP more · €164 per person more	−€2m<0.01% of GDP	–	−€1.2bn−2.9% of GDP
9	United Arab Emirates	€1.2bn more0.24% of GDP more · €108 per person more	+€27m<0.01% of GDP	–	−€1.2bn−0.23% of GDP
10	Saudi Arabia	€1bn more0.09% of GDP more · €29 per person more	+€46m<0.01% of GDP	–	−€0.96bn−0.08% of GDP
11	Hungary	€0.76bn more0.40% of GDP more · €80 per person more	+€0.15bn+0.08% of GDP	€54m0.03% of GDP	−€0.56bn−0.29% of GDP
12	Azerbaijan	€0.67bn more0.95% of GDP more · €65 per person more	+€8m+0.01% of GDP	–	−€0.66bn−0.94% of GDP
13	Iran	€0.66bn more0.16% of GDP more · €7 per person more	+€1m<0.01% of GDP	–	−€0.65bn−0.16% of GDP
14	Malaysia	€0.60bn more0.16% of GDP more · €17 per person more	+€4m<0.01% of GDP	–	−€0.60bn−0.16% of GDP
15	Indonesia	€0.54bn more0.04% of GDP more · €2 per person more	+€4m<0.01% of GDP	–	−€0.53bn−0.04% of GDP
16	Australia	€0.52bn more0.03% of GDP more · €19 per person more	+€0.38bn+0.02% of GDP	€4m<0.01% of GDP	−€0.13bn<0.01% of GDP
17	Kyrgyzstan	€0.47bn more3.3% of GDP more · €65 per person more	–	–	−€0.47bn−3.3% of GDP
18	South Africa	€0.41bn more0.11% of GDP more · €6 per person more	−€1m<0.01% of GDP	–	−€0.41bn−0.11% of GDP
19	Austria	€0.38bn more0.08% of GDP more · €41 per person more	+€0.85bn+0.18% of GDP	€0.23bn0.05% of GDP	+€0.70bn+0.15% of GDP
20	Kazakhstan	€0.37bn more0.15% of GDP more · €18 per person more	+€4m<0.01% of GDP	–	−€0.36bn−0.15% of GDP
21	Tunisia	€0.34bn more0.75% of GDP more · €27 per person more	+€2m<0.01% of GDP	–	−€0.33bn−0.74% of GDP
22	Egypt	€0.33bn more0.08% of GDP more · €3 per person more	+€30m<0.01% of GDP	–	−€0.30bn−0.08% of GDP
23	Burkina Faso	€0.26bn more1.4% of GDP more · €11 per person more	–	–	−€0.26bn−1.4% of GDP
24	Georgia	€0.24bn more0.88% of GDP more · €64 per person more	−€3m−0.01% of GDP	–	−€0.25bn−0.89% of GDP
25	Nepal	€0.24bn more0.61% of GDP more · €8 per person more	−€5m−0.01% of GDP	–	−€0.24bn−0.62% of GDP
26	Oman	€0.24bn more0.23% of GDP more · €45 per person more	−€3m<0.01% of GDP	–	−€0.24bn−0.24% of GDP
27	Mongolia	€0.20bn more1.0% of GDP more · €56 per person more	–	–	−€0.20bn−1.0% of GDP
28	Senegal	€0.18bn more0.62% of GDP more · €9 per person more	−€1m<0.01% of GDP	–	−€0.18bn−0.62% of GDP
29	Taiwan	€0.17bn more0.02% of GDP more · €7 per person more	+€22m<0.01% of GDP	–	−€0.15bn−0.02% of GDP
30	Yemen	€0.17bn more1.9% of GDP more · €4 per person more	−€6m−0.06% of GDP	–	−€0.18bn−2.0% of GDP
31	Switzerland	€0.16bn more0.02% of GDP more · €18 per person more	+€1.7bn+0.20% of GDP	€0.57bn0.07% of GDP	+€2.1bn+0.24% of GDP
32	Tanzania	€0.16bn more0.22% of GDP more · €2 per person more	−€1m<0.01% of GDP	–	−€0.16bn−0.23% of GDP
33	Côte d'Ivoire	€0.15bn more0.20% of GDP more · €5 per person more	−€1m<0.01% of GDP	–	−€0.15bn−0.20% of GDP
34	Sri Lanka	€0.14bn more0.18% of GDP more · €6 per person more	−€2m<0.01% of GDP	–	−€0.14bn−0.18% of GDP
35	Ghana	€0.13bn more0.17% of GDP more · €4 per person more	−€3m<0.01% of GDP	–	−€0.13bn−0.18% of GDP
36	Bangladesh	€62m more0.01% of GDP more · <€1 per person	+€1m<0.01% of GDP	–	−€61m−0.01% of GDP
37	Thailand	€60m more0.01% of GDP more · €1 per person more	+€11m<0.01% of GDP	–	−€49m−0.01% of GDP
38	North Macedonia	€53m more0.37% of GDP more · €29 per person more	+€2m+0.02% of GDP	–	−€51m−0.35% of GDP
39	Afghanistan	€53m more0.34% of GDP more · €1 per person more	–	–	−€53m−0.35% of GDP
40	Iraq	€42m more0.02% of GDP more · €1 per person more	−€13m<0.01% of GDP	–	−€55m−0.02% of GDP
41	Benin	€41m more0.23% of GDP more · €3 per person more	–	–	−€41m−0.23% of GDP
42	Kenya	€37m more0.03% of GDP more · €1 per person more	−€2m<0.01% of GDP	–	−€39m−0.04% of GDP
43	Mozambique	€34m more0.18% of GDP more · €1 per person more	–	–	−€34m−0.18% of GDP
44	Mauritius	€33m more0.25% of GDP more · €27 per person more	–	–	−€33m−0.25% of GDP
45	Jamaica	€30m more0.15% of GDP more · €10 per person more	–	–	−€30m−0.15% of GDP
46	Jordan	€27m more0.05% of GDP more · €2 per person more	+€1m<0.01% of GDP	–	−€25m−0.05% of GDP
47	Central African Republic small economy	€26m more1.1% of GDP more · €5 per person more	–	–	−€26m−1.1% of GDP
48	Togo	€26m more0.29% of GDP more · €3 per person more	–	–	−€26m−0.29% of GDP
49	Qatar	€20m more<0.01% of GDP · €7 per person more	+€13m<0.01% of GDP	–	−€8m<0.01% of GDP
50	Kuwait	€20m more0.01% of GDP more · €4 per person more	+€2m<0.01% of GDP	–	−€18m−0.01% of GDP
51	Congo	€19m more0.13% of GDP more · €3 per person more	–	–	−€20m−0.14% of GDP
52	Myanmar	€19m more0.03% of GDP more · <€1 per person	−€1m<0.01% of GDP	–	−€20m−0.03% of GDP
53	Bhutan small economy	€18m more0.63% of GDP more · €23 per person more	–	–	−€18m−0.63% of GDP
54	Philippines	€18m more<0.01% of GDP · <€1 per person	−€1m<0.01% of GDP	–	−€18m<0.01% of GDP
55	Djibouti small economy	€17m more0.46% of GDP more · €14 per person more	−€2m−0.05% of GDP	–	−€18m−0.51% of GDP
56	Uganda	€16m more0.03% of GDP more · <€1 per person	−€1m<0.01% of GDP	–	−€17m−0.04% of GDP
57	Gambia small economy	€14m more0.63% of GDP more · €5 per person more	–	–	−€14m−0.63% of GDP
58	Vietnam	€13m more<0.01% of GDP · <€1 per person	+€5m<0.01% of GDP	–	−€8m<0.01% of GDP
59	Venezuela	€13m more0.01% of GDP more · <€1 per person	+€3m<0.01% of GDP	–	−€10m−0.01% of GDP
60	Pakistan	€12m more<0.01% of GDP · <€1 per person	−€6m<0.01% of GDP	–	−€19m<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 €0.78bn more
North Korea: Russia kept from trade, vs no war €2.3bn 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-2024/

Trade with Russia in 2024: whose trade raised or cut Russia's earnings?

Ranking · 60

Party to the war (with Russia), not ranked

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