Russia ranks as the EU’s third trading partner (representing 8.4% of total trade) and the EU is Russia’s biggest trading partner (with as much as 48% of total Russian foreign trade) and its most important foreign investor (up to 75% of foreign direct investment comes from the EU). The main EU exports to Russia are machinery, transport equipment (cars), chemicals, medicines, electrical and electronic goods and agricultural products (total value amounted to €103 billion in 2014). Russian exports to the EU are dominated by mineral fuels (74.9%), which contribute to a substantial Russian trade surplus (total value of exports to the EU amounted to €182 billion in 2014). Trade in services represents about 12% of total EU-Russia trade.
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