RUSSIA’S FOREIGN TRADE IN NOVEMBER 2014

Nadezhda Volovik

Russian Economic Development, 2015, issue 1, 26-28

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

Keywords: Foreign; trade (search for similar items in EconPapers)
JEL-codes: F10 F14 F15 F40 (search for similar items in EconPapers)
Date: 2015
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