RUSSIA’S FOREIGN TRADE IN OCTOBER 2014

Nadezhda Volovik and Karina Kharina

Russian Economic Development, 2014, issue 12, 30-32

Abstract: In September 2014, the Russian foreign trade turnover calculated on the basis of the methods of the balance of payments amounted to $64.6bn which is 12.4% lower than the respective index of the previous year. It is to be noted that the export of goods from Russia decreased by 13.4% to $38.8bn, while the import of goods to Russia, by 10% to $25.8bn. In September 2014, as compared to September 2013 the trade balance surplus fell by 18.6% to $13bn. According to the data of the Central Bank of Russia, in January–September 2014 the Russian foreign trade turnover amounted to $614bn which is 3.1% lower than the level of January–September 2013. It is to be noted that the export fell by 0.7% as compared to the respective index of 2013. Within 9 months of 2014, in the total volume of the export the share of far abroad countries increased from 85.4% to 86.2%, while that of CIS countries fell from 14.6% to 13.8% as compared to the respective period of 2013.

Keywords: Foreign; trade (search for similar items in EconPapers)
JEL-codes: F10 F14 F15 F40 (search for similar items in EconPapers)
Date: 2014
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