WASHINGTON, March 7. /TASS/. Exports of US goods to Russia contracted to $30 mln and were the all-time low over the last 32 years in January 2024, according to data released by the US Census Bureau.

US exports to Russia totaled $58.9 mln in December 2023. At the same time, imports of Russian goods into the US dropped from $292.2 mln in December 2023 to $244 mln in this January.

Earlier reports said US annual exports to Russia became record low throughout the history of bilateral trade calculations and totaled $597.3 mln in 2023, compared to $1.7 bln in 2022. US imports of Russian goods fell from $14.45 bln in 2022 to $4.56 bln last year. Washington is calculating indicators of bilateral trade since 1992.

The decline in trade is associated with large-scale export restrictions and other sanctions introduced by the US against Russia.