The Foreign Trade in Russia: Preliminary Results of the Past Year

Monitoring of Russia's Economic Outlook. Trends and Challenges of Economic Development. Moscow. 2019. No. 1, pp. 10-15

6 Pages Posted: 17 Feb 2019

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: February 6, 2019

Abstract

In January-October 2018, exports of fuel and energy commodities increased by 36% as compared to the relevant period of the previous year (78% relative to the level of 2013). Other goods exports increased by 16%, having returned to the pre-crisis values (103% relative to the level of 2013). In the first ten months, imports increased by 7%, despite depreciation of the real ruble/dollar exchange rate. Growth in imports of some non-food products is evidence of continued recovery of consumer demand. In the geographic pattern of the sales turnover, the share of China grew (+1.0 p.p.) on the back of 1.5-fold growth in exports.

Keywords: Russian Economy, Foreign Trade

JEL Classification: F13, F19

Suggested Citation

Knobel, Alexander and Firanchuk, Alexander, The Foreign Trade in Russia: Preliminary Results of the Past Year (February 6, 2019). Monitoring of Russia's Economic Outlook. Trends and Challenges of Economic Development. Moscow. 2019. No. 1, pp. 10-15, Available at SSRN: https://ssrn.com/abstract=3329872 or http://dx.doi.org/10.2139/ssrn.3329872

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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