Russia Bans Exports of Cars and Auto Parts in Response to Sanctions
24 March 2022
In response to sanctions imposed on Russia against its
invasion of Ukraine, Russia has decided to put a ban on exports of cars and
auto parts and 200 other commodities. The conflict continues to impact the auto
industry, not only in Russia but across the world. The decision will further
worsen the ongoing semiconductor crisis being faced by auto manufacturers in the
coming days. Here is a glimpse of Russia’s cars and auto parts exports in 2021.
Russia Exports Cars and Auto Parts
According to our database, Russia exported cars worth
US$ 1,395 million and auto parts worth US$ 761 million in 2021. Both the values
have reported an increase as compared to the previous year. Here is a look at
10 years trends of Russia’s exports cars and auto parts.
|
Year |
Cars (Value US$ Million) |
Auto Parts (Value US$
Million) |
|
2012 |
995 |
520 |
|
2013 |
1,497 |
563 |
|
2014 |
1,494 |
506 |
|
2015 |
1,093 |
333 |
|
2016 |
1,097 |
357 |
|
2017 |
1,320 |
518 |
|
2018 |
1,287 |
560 |
|
2019 |
1,603 |
616 |
|
2020 |
987 |
560 |
|
2021 |
1,395 |
761 |
Russia’s Top Export Partners of
Cars
Russia’s top 10 export partners of cars in 2021 were Kazakhstan
(40.5%), Belarus (31.5%), Uzbekistan (4.5%), Azerbaijan (4.1%), Germany (3.6%),
Armenia (2.6%), Ukraine (1.6%), United Arab Emirates (1.5%), Tajikistan (1.3%),
and Kyrgyzstan (1.2%). Below given chart shows dollar amount of these
countries.
|
Country |
Value US$ Million |
|
Kazakhstan |
565 |
|
Belarus |
439 |
|
Uzbekistan |
63 |
|
Azerbaijan |
56 |
|
Germany |
49 |
|
Armenia |
36 |
|
Ukraine |
22 |
|
United Arab Emirates |
20 |
|
Tajikistan |
17 |
|
Kyrgyzstan |
16 |
Russia’s Top Export Partners of
Auto Parts
Russia’s top 10 export partners of auto parts in 2021
were Kazakhstan (35.8%), Belarus (27.4%), Ukraine (8.1%), Germany (3.5%),
Azerbaijan (2.5%), Uzbekistan (2.3%), Armenia (2%), Romania (2%), France
(1.8%), and United States (1.5%). Below given chart shows dollar amount of
these countries.
|
Country |
Value US$ Million |
|
Kazakhstan |
272 |
|
Belarus |
208 |
|
Ukraine |
62 |
|
Germany |
26 |
|
Azerbaijan |
19 |
|
Uzbekistan |
17 |
|
Armenia |
15 |
|
Romania |
14 |
|
France |
13 |
|
United States |
11 |
Carmakers like Honda, Toyota, Jaguar Land Rover,
Mercedes-Benz, Ford, and BMW have not only suspended their operations but also exported
their vehicles to the country as well. Hyundai, one of the major foreign carmakers
in Russia, recently announced that it is looking to resume production after
halting due to supply chain disruption but if Russia’s ban on cars exports
continues, it would be difficult to start operations. Renault is also facing
the heat of the ongoing Russia-Ukraine war.
Russia’s ban on car and auto parts exports will remain
till the end of the year. Among items that are removed from Russia’s export
list are vehicles, telecom, medical, agricultural, electrical equipment, and
timber. Get latest updates on key trade developments amid Russia-Ukraine war.
