Export-Import: A Nearly Simultaneous Drop
Russian Economic Developments. Moscow, 2015, #12, pp. 80-83
4 Pages Posted: 23 Dec 2015
Date Written: December 23, 2015
Evidence of import substitution can be found only in the agriculture and the food industry: a decrease in the import volume across individual positions (meat, poultry, fish and grain crop flour) was accompanied by Household output growth. Also, simultaneously with a drop in imports, some output growth is registered in individual low-processed commodities (plastics in original forms and cast iron). At the same time, there is virtually no substitution of imports in transport vehicles, agricultural machinery and consumer durables. Despite depreciation of the ruble, the expected growth in exports of non-primary products did not take place. Insignificant growth of exports in terms of physical volumes was observed only in groups of low and medium-processed commodities.
Keywords: Russian economy, import, export
JEL Classification: F10, F13, F19
Suggested Citation: Suggested Citation