Export-Import: Era of Stagnation

Russian Economic Developments. Moscow, 2016, No. 1, pp. 42-45

4 Pages Posted: 24 Jan 2016

See all articles by Alexander Knobel

Alexander Knobel

Gaidar Institute for Economic Policy; Russian Presidential Academy and Public Administration (RANEPA) - Institute of Applied Economic Studies

Date Written: January 23, 2016

Abstract

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

Knobel, Alexander, Export-Import: Era of Stagnation (January 23, 2016). Russian Economic Developments. Moscow, 2016, No. 1, pp. 42-45. Available at SSRN: https://ssrn.com/abstract=2720817

Alexander Knobel (Contact Author)

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

Russian Presidential Academy and Public Administration (RANEPA) - Institute of Applied Economic Studies ( email )

Vernadsky Ave. 82
Moscow, 119571
Russia

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