Exports Growth in January-May 2018: Not by Fuel Alone

Monitoring of Russia's Economic Outlook. Moscow. IEP. 2018. No. 13, pp. 8-13

6 Pages Posted: 15 Aug 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: July 31, 2018

Abstract

During the first five months of 2018 Russian fuel exports grew by 28%. Exports of other goods moved up by 26%, surpassing the pre-crisis level of 2013. Imports went up by 16%, for the first time in five years its dynamics did not correspond to the dynamics of the exchange rate: imported goods have significantly increased in value terms while the real effective ruble-dollar exchange rate has barely gained any new positions.

Keywords: Russian Economy, Exports, Oil & Gas Exports

JEL Classification: F10, F13, F19

Suggested Citation

Knobel, Alexander and Firanchuk, Alexander, Exports Growth in January-May 2018: Not by Fuel Alone (July 31, 2018). Monitoring of Russia's Economic Outlook. Moscow. IEP. 2018. No. 13, pp. 8-13. Available at SSRN: https://ssrn.com/abstract=3223446 or http://dx.doi.org/10.2139/ssrn.3223446

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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