Export-Import: Era of Stagnation
Russian Economic Developments. Moscow, 2016, No. 1, pp. 42-45
4 Pages Posted: 24 Jan 2016
Date Written: January 23, 2016
Preliminary results for 2015 have shown no substantial structural changes in both imports and non-energy exports. The import structure is most stable: the percentage share of chemical industry products, which are used basically as by-product in the domestic manufacturing industry, has seen some increase. This is indicative of similar response by various commodity groups to the depreciation of the national currency. The weakening of the rouble’s nominal exchange rate by 65% has kept dollar prices of imported high conversion products at the same level and pushed down (by 20-40%) dollar prices of agricultural products, foods and low conversion products.
Keywords: Russian Economy, Export, Import
JEL Classification: F10, F13, F19
Suggested Citation: Suggested Citation