Russian Exports to EU in 2016

Monitoring of Russia's Economic Outlook. Moscow, IEP, No, 7(45), pp. 14-17, 2017

4 Pages Posted: 26 Apr 2017

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: April 25, 2017

Abstract

In 2016, Russian exports contracted to EUR 119 billion, which is its lowest level for the last decade (-12.9% to the 2015 level). The share of Russia in the total EU imports declined to 7.0% (-0.9 percentage point). At the same time, Russian share in EU imports across six main types of goods remained flat. Thus, the reduction of the total Russian share reflected low prices on principal products of Russian export – mineral resources. Growth of the physical volumes of natural gas (by 17%) and crude oil (by 6.3%) did not off set negative price effect.

Keywords: Russian Economy, Exports, EU

JEL Classification: F10, F13, F19

Suggested Citation

Knobel, Alexander and Firanchuk, Alexander, Russian Exports to EU in 2016 (April 25, 2017). Monitoring of Russia's Economic Outlook. Moscow, IEP, No, 7(45), pp. 14-17, 2017. Available at SSRN: https://ssrn.com/abstract=2958303 or http://dx.doi.org/10.2139/ssrn.2958303

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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