MOSCOW, June 8 (Bernama-Sputnik/RIA Novosti): Russia has become the sixth among the world's largest economies in 2024 in terms of dependence on exports, RIA Novosti calculations based on data from national statistical services revealed on Sunday.
RIA Novosti has analysed data on the ratio of the export value of goods and services in 2024 to gross domestic product (GDP) of the 25 countries with the largest nominal size of their economies.
The average dependence on foreign supplies in these countries amounted to 40.7 per cent.
According to the results of last year, Russia's dependence on exports was half of the world average - only 21.9 per cent.
The exports of India (21 per cent) and China (21.1 per cent), which ranked fourth and fifth, respectively, as well as Indonesia (22.2 per cent), Australia (23.7 per cent) and Japan (22.8 per cent), which ranked seventh to ninth, accounted for approximately the same percentage of GDP.
The United States is the country least dependent on exports, with foreign supplies of goods and services accounting for only 10.9 per cent of the economy. Argentina (15.3 per cent) and Brazil (17.9 per cent) are also among the three countries with the lowest share of exports as a proportion of GDP.
In contrast, Germany (41.8 per cent), South Korea (44.6 per cent), Poland (52.7 per cent), Switzerland (72.2 per cent), and the Netherlands (84.2 per cent) accounted for an above-average share of exports as a share of GDP.
Ireland became the absolute leader, with a record 147.6 per cent of GDP in exports of goods and services, a record for large economies. - Bernama-Sputnik/RIA Novosti
