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
Date Written: April 25, 2017
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: Suggested Citation