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How much of Russia’s trade passes through the Suez Canal?

In 2024, an estimated $24.1 billion of Russia’s trade passed through the Suez Canal, 8.4% of its seaborne trade. That is $20.6 billion of exports and $3.4 billion of imports. The partners with the most trade through it are India, China and Saudi Arabia.

Summary

Estimated value
$24.1billion
Of its seaborne trade
8.4%
Exports
$20.6billion
Imports
$3.4billion

Trend

Estimated value per year

Russia’s estimated trade through the Suez Canal fell 83% between 2019 and 2024

Value in USD billions

  • Russia 24.1

Source: CEPII BACI

Show the numbers
YearEstimated valueOf its seaborne trade
1995$25.6 billion34.1%
1996$32 billion31.2%
1997$31.9 billion30.9%
1998$25.6 billion29.4%
1999$24.3 billion30.6%
2000$29.6 billion31.1%
2001$29.8 billion30.4%
2002$33.4 billion31.2%
2003$41.9 billion31.5%
2004$59.9 billion32.1%
2005$78.9 billion31.6%
2006$94.8 billion30.9%
2007$119.2 billion32.6%
2008$148.5 billion32.3%
2009$102.7 billion32.8%
2010$132.1 billion33.4%
2011$164.6 billion33.6%
2012$170.8 billion34.2%
2013$166.5 billion34.3%
2014$169.6 billion35.2%
2015$114.6 billion35.2%
2016$108.1 billion36.1%
2017$134.3 billion36.1%
2018$150 billion35.6%
2019$140.5 billion35.4%
2020$115.4 billion37.1%
2021$156.3 billion34.9%
2022$174.4 billion39.2%
2023$154.7 billion48.1%
2024$24.1 billion8.4%

Partners whose trade crosses it

Estimated value of its trade with each partner that crosses the chokepoint; the percentage is the share of all its trade through the chokepoint, not of the pair’s trade.

  1. Russia–India$7.5 billion · 31.3%
  2. Russia–China$4.1 billion · 17.1%
  3. Russia–Saudi Arabia$2.5 billion · 10.4%
  4. Russia–Turkey$1.4 billion · 5.6%
  5. Russia–Egypt$1.2 billion · 4.8%
  6. Russia–South Korea$1.1 billion · 4.5%
  7. Russia–Japan$757 million · 3.1%
  8. Russia–Taiwan$545 million · 2.3%
  9. Russia–Singapore$482 million · 2%
  10. Russia–Indonesia$435 million · 1.8%

What crosses it

The products with the highest estimated value in 2024, with their share of the total through the chokepoint.

  1. Crude petroleum$6.2 billion · 25.6%
  2. Refined petroleum$3.9 billion · 16.1%
  3. Coal$2.2 billion · 9.3%
  4. Natural gas and LPG$1.4 billion · 5.8%
  5. Wheat$1.3 billion · 5.5%
  6. Barley$430 million · 1.8%
  7. Semi-finished steel$404 million · 1.7%
  8. Sawn wood$359 million · 1.5%
  9. Potash fertilizers$260 million · 1.1%

If it closes

  • India–Russia: +7,812 nautical miles, ≈ 23.5 days more at 14 knots, via the Cape of Good Hope, the Strait of Gibraltar, the Dardanelles and the Bosporus
  • China–Russia: +6,730 nautical miles, ≈ 20 days more at 14 knots, via the Strait of Malacca and Singapore; the Cape of Good Hope; the Strait of Gibraltar; the Dardanelles; and the Bosporus
  • Russia–Turkey: +6,782 nautical miles, ≈ 20 days more at 14 knots, via the Strait of Malacca and Singapore; the Cape of Good Hope; the Strait of Gibraltar; and the Dardanelles
  • South Korea–Russia: +6,777 nautical miles, ≈ 20 days more at 14 knots, via the Strait of Malacca and Singapore; the Cape of Good Hope; the Strait of Gibraltar; the Dardanelles; and the Bosporus
  • Japan–Russia: +6,741 nautical miles, ≈ 20 days more at 14 knots, via the Strait of Malacca and Singapore; the Cape of Good Hope; the Strait of Gibraltar; the Dardanelles; and the Bosporus

Estimated sailing detour, without costs, waiting or port capacity.

Reference ports

Saint Petersburg (31%), Murmansk (10%), Novorossiysk (32%) and Vladivostok (27%)

Each port with the weight it receives from the country’s trade, based on where its GDP is generated and which coast is closest.

Sources and method

Sources and licenses

Methodology

We estimate the value crossing each chokepoint from BACI trade that travels by sea according to our mode heuristic, split between each country’s ports by where its GDP is generated and which coast is closest, and routed over our own sea network. It is an estimate, not a count of ships. It covers 99.9% of seaborne trade. The approach follows Verschuur, Lumma and Hall (Nature Communications, 2025). Data up to 2024.

All maritime chokepoints