Dynamics of Production and Foreign Trade of Russia

Russian Economic Developments. Moscow, No. 4, pp. 25-30, 2016

6 Pages Posted: 13 May 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

Alexander Firanchuk

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - International Laboratory of International Economics Studies

Date Written: May 12, 2016

Abstract

Export and import value indices were synchronous in their decline throughout the past year, 2015. The behavior of exports was naturally shaped by the plunge of prices of raw materials (even though their physical volume remained roughly the same), while the declining value of imports was caused by the shrinkage, by one quarter, of their physical volume and the slight decline of the average dollar prices of inward moving goods, including due to the US dollar’s rise against practically all world currencies. In January 2016, the shrinkage of imports and exports continued; more particularly, the plunge of exports was deeper, and the balance of trade hit its record low of the last few years – $8.5bn.

Keywords: Foreign Trade, Russian Economy

JEL Classification: F10, F14, F15, F40

Suggested Citation

Knobel, Alexander and Firanchuk, Alexander, Dynamics of Production and Foreign Trade of Russia (May 12, 2016). Russian Economic Developments. Moscow, No. 4, pp. 25-30, 2016. Available at SSRN: https://ssrn.com/abstract=2779276 or http://dx.doi.org/10.2139/ssrn.2779276

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

Alexander Firanchuk

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - International Laboratory of International Economics Studies ( email )

Moscow
Russia

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