Foreign Trade: Trade Balance Down Due to Decline in Export
Russian Economic Developments. Moscow, 2016, No. 5, pp. 35-37
3 Pages Posted: 19 May 2016
Date Written: May 19, 2016
Russia’s foreign trade turnover continued to fall in Q1 2016. Unlike 2015, exports fell at faster pace than imports. At the same time, the rouble exchange rate moved synchronously with imports for two straight years. The structure of exports saw a few (non-fuel) commodities change in terms of Russia’s share of global markets. For example, the share of Russia’s metals of EU imports shrank as the share of fertilizes hiked.
Keywords: Russian industry, foreign trade
JEL Classification: F22, J11, J61, J62
Suggested Citation: Suggested Citation