Data shows impact of Russia-Ukraine war on imports

Shipments importing goods to Russia have drastically dropped since the war with Ukraine began, while Ukrainian imports have massively fluctuated, according to data from Fourkites.

Russian imports saw a rise for a few months after the invasion of Ukraine but as of July 2023, import shipment volumes are less than 10% of what they were when the war began in February 2022.

Meanwhile, import shipment volumes into Ukraine have been volatile, rising and dipping as the war has progressed. The highest volumes came in February 2023, when volumes were up by over 450% on the same month from the previous year.

On this, Glenn Koepke, General Manager of Network Collaboration at FourKites, said: “Although the physical safety of families and businesses remain uncertain, what we are seeing from a logistics view is that volume has been a significant shift from 2022.

“Demand has increased significantly year over year with a heavy reliance on international imports to support consumer needs. Importation of product has been very lumpy based on conflicts that arise on short notice and international shippers focused on driver safety, and the ability to enter and exit the country without issue.”

Dwell times in Russia saw a sharp rise in the months following its invasion of Ukraine, followed by a sharp drop and and a downwards trend that has continued since. The 14-day average dwell time peaked in June 2022 but is currently shorter than it has been in the past 18 months. This is likely due to lower demand, following a very similar trend to import volumes.

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Source: logisticsmanager.com