Gold, Oil, Diamonds and Fertilizers: 10 Things You Need to Know About Russia’s Exports: A Trade Data Monitor Column

The Russian economy is a unique engine, without globally significant manufacturing, but powerful in its capacity to generate fuels, and a handful of valuable natural resources, such as wood, gold, and fertilizers. Here are 10 essential things to know about Russia’s exports: 1. Russia’s top trading partner is China. In 2021, it shipped $68.1 billion worth of goods to China, up 38.5% from 2020. China now makes up 14% of Russia’s exports, up from 6.7% in 2013. 2. Russia’s top exports to China in 2021 were: 1. Petroleum. 2. Iron ore and copper. 3. Wood. 4. “Suppressed commodities”. 5. Machinery. 3. Russian petroleum exports increased 49% y-on-y to $211.5 billion in 2021. 4. The biggest buyers of Russian petroleum in […]

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The global tourism industry is set to reach, and possibly surpass, pre-pandemic levels by the end of 2024, according to the World Economic Forum (WEF). Five years post-COVID-19, the sector is experiencing a robust resurgence driven by a surge in international travel, improved air connectivity, and strong rebounds in key regions. However, global dynamics must be managed carefully to ensure stable and continuous growth. In 2023, international tourism reached 88% of its 2019 levels, a significant recovery favored by the reopening of Asian markets, as highlighted by the United Nations World Tourism Organization (UNWTO). The Middle East led the way, surpassing pre-pandemic levels by around 20%, with Europe, the Americas, and Africa following close behind at approximately 90% of their […]