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24th Mar 2022 00:10Eurozone, Daily Monitor

  • Russia accounts for around 3% of total EZ exports, and 6% of imports, the latter due mainly to energy.
  • EZ manufacturing exports to Russia are likely now falling; we look for a 40% slide through Q2.
  • European imports of energy from Russia will increase further in Q2, sanctions permitting.

deficit ECB energy energy consumption eu eu politicians euro euro area european politicians exports imports inventories machinery manufacturing manufacturing exports March net trade oil q1 qe recession russia trade trade deficit u.s.

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Keywords for: What Does the War Mean for EZ Trade With Russia?

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