2/3 of Russian luxury spend goes abroad
Contact Lab recently published a
Russia is thus a significant contributor to the international luxury sales. And while Japanese and USA nationals make more than 90% of their luxury purchases in their country, 2/3 of Russian luxury spend goes abroad (See Table 1 ), while inflows account for just over 5% of luxury sales in the country.
Table 1: % revenue abroad vs. % revenue in the home country, 2015
Source: Contact Lab
The most of the Russian luxury spending goes to Heritage EU countries (France, Italy, Spain, Germany). Gulf region receives 13% of the Russian luxury spending and Russian nationals are among the most important luxury goods spenders in the UAE. Switzerland gets around 5% of the Russian luxury spending.
Table 2: Russian luxury spending abroad by country, 2015
Source: Contact LabЂ Back to journal