Russian Exports to EU in 2017: Growth Owing to Raw Materials and Metals

Monitoring of Russia's Economic Outlook. Moscow. IEP. 2018, No. 7, pp. 5-8

4 Pages Posted: 23 May 2018

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 24, 2018

Abstract

In 2017, Russia extended its market share in the European Union. EU imports from Russia went up from 119 to 145 bn euros, while Russia’s share in the overall European imports rose to 7.8% ( 0.9 p.p.). Such growth was due to rising prices on principal products of Russian export – fuel raw materials and metals. At the same time, the rising volume of natural gas deliveries hit 12% while deliveries of crude oil moved down 7%.

Keywords: Russian economy, exports

JEL Classification: F10, F13

Suggested Citation

Knobel, Alexander and Firanchuk, Alexander, Russian Exports to EU in 2017: Growth Owing to Raw Materials and Metals (April 24, 2018). Monitoring of Russia's Economic Outlook. Moscow. IEP. 2018, No. 7, pp. 5-8, Available at SSRN: https://ssrn.com/abstract=3167734 or http://dx.doi.org/10.2139/ssrn.3167734

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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