The Russian Foreign Trade in 2018: Growth in Non-Oil and Gas Exports
Monitoring of Russia's Economic Outlook. Moscow. IEP. 2018, No. 5, pp. 9-14
6 Pages Posted: 29 May 2019
Date Written: April 4, 2019
In 2018, exports of fuel and energy commodities increased by nearly 36%t as compared to the previous year, while growth in non-oil and gas exports amounted to over 11%. However, it was mainly facilitated by improvement of the pricing situation on the market. Within a year, imports rose by 5% primarily owing to considerable growth in H1 2018. The depreciation of the real exchange rate of the rouble in H2 2018 had a negative effect on the volume of imports.
Keywords: Russian Economy, Foreign Trade, Oil and Gas Exports
JEL Classification: O13, O47, Q32
Suggested Citation: Suggested Citation