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S& Global Platts Crude & Refined Products Market

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Navigating sanctions evasion

Trade analysis of high-priority goods exports to Russia

This paper builds on our previous analysis on the transshipment of Western-made components to Russia to further establish trade dependencies between different markets with Russia and deliver a case study on shipment data relating to Turkey. The common high-priority items (CHPIs) list will be mapped to reported statistical/customs data, as well as the bill of lading data, for a statistical analysis.

Key takeaways

Trade data reported by Russia prior to its invasion of Ukraine shows a ramp-up in import of critical items for military equipment, with trade value up 21% in 2021 compared with 2020, accounting for 4.3% of Russia's total imports during that year. Mirror trade in 2022 sharply declined 38%, accounting for 3.5% of total imports, followed by a 10% increase in 2023.
Russia's imports partners have steadily increased since 2000: 82 in 2000, 112 in 2010 and 147 in 2020.
Dependence on mainland China and Hong Kong has continued to grow; trade with mainland China increased 41% during 2022, while trade with Hong Kong increased 18% during the same period.
The three markets that were engaged in considerable export/reexport activity to Russia were Thailand (up 1,083%), India (up 200%) and Turkey (up 60%), whereas Kazakhstan's export/reexport to Russia dipped 4%. These six markets — mainland China, Hong Kong, Thailand, India, Turkey and Kazakhstan — accounted for 66% of reported CHPIs export/reexport to Russia in 2023, but now account for 92%.
During fourth quarter 2022 and much of 2023, Turkey's reported shipments of goods that matched the CHPI list to Russia increased, with shipments 314% higher in 2023 compared with 2022.
Shipments to Russia originating from Turkey accounted for 71% of CHPIs exports in 2022, but decreased in market share to 50% in 2023, with the remaining 50% showing as having origins other than Turkey. Analyzing the origins further showed that 33% originated from EU member states (Germany accounting for 15%), 1% from the UK and 16% from other origins.
A total of 725 unique shipper companies were identified as shipping goods associated to CHPIs, up 52% increase compared with 2022, whereas on the consignee side, 765 unique companies were identified in 2023 as shipping goods associated to CHPIs, up 190% compared with 2022.
Air freight registered a significant increase of 263% between 2022 and 2023. This modality, which only accounted for 6% in 2021, increased to 19% in 2022 and 29% in 2023, with more than 88% showing the "port" of lading as Istanbul New Airport.

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Please fill in the form to download the complimentary paper, where we provide some fundamentals toward trade data declarations, as well as an analysis on export and reexport of commonhigh-priority items (CHPIs) to Russia, with a case study on Turkey.

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S& Global Platts Crude & Refined Products Market

Navigating sanctions evasion

Trade analysis of high-priority goods exports to Russia

Register

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Exploring new tools for ESG Implementation in Austalia

Exploring new tools for ESG Implementation in Austalia

Exploring new tools for ESG Implementation in Austalia

Exploring new tools for ESG Implementation in Austalia

Please fill in the form to download the complimentary paper, where we provide some fundamentals toward trade data declarations, as well as an analysis on export and reexport of commonhigh-priority items (CHPIs) to Russia, with a case study on Turkey.

Download Whitepaper

S& Global Platts Crude & Refined Products Market