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

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 4, 2019

Abstract

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

Knobel, Alexander and Firanchuk, Alexander, The Russian Foreign Trade in 2018: Growth in Non-Oil and Gas Exports (April 4, 2019). Monitoring of Russia's Economic Outlook. Moscow. IEP. 2018, No. 5, pp. 9-14. Available at SSRN: https://ssrn.com/abstract=3381592 or http://dx.doi.org/10.2139/ssrn.3381592

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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