RAW MATERIAL EXPORTS OF RUSSIA IN THE XXI CENTURY

R. E. Levkevich () and S. V. Senotrusova ()

International Trade and Trade Policy, 2022, vol. 8, issue 1

Abstract: The article analyzes the export of commodity group 27 of the EAEU TN VED for mineral fuel, oil and products of their distillation. Various variations in the volume and structure of energy exports to Russia's main trading partners: China, Germany and the Netherlands in terms of hydrocarbon commodity positions for 2011–2020 are investigated. The share of export supplies of hydrocarbons to China in 2020 was 20%, which is the highest in recent years, and this is due to the constant increase in demand for energy from China due to the high rates of industrial development in the country. The share of exports to the Netherlands for 2020 is 12,4%; to Germany – 6.4%, demonstrating that Western Europe is also interested in the supply of Russian hydrocarbons, however, not in such volumes as before. The data also shows that China is Russia's main trading partner. In 2020 alone, Russia increased its hydrocarbon exports to China by 12%, when exports to Germany showed a slight increase of 1%, while exports to the Netherlands decreased by 1%.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:acl:journl:y:2022:id:507

DOI: 10.21686/2410-7395-2022-1-94-105

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