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FOREIGN TRADE: TRADE BALANCE DOWN DUE TO DECLINE IN EXPORT

Alexander Knobel and Alexander Firanchuk

Russian Economic Developments, 2016, issue 5, 35-37

Abstract: Russia’s foreign trade turnover continued to fall in Q1 2016. Unlike 2015, exports fell at faster pace than imports. At the same time, the rouble exchange rate moved synchronously with imports for two straight years. The structure of exports saw a few (non-fuel) commodities change in terms of Russia’s share of global markets. For example, the share of Russia’s metals of EU imports shrank as the share of fertilizes hiked.

Keywords: Foreign Trade; Russian Industry (search for similar items in EconPapers)
JEL-codes: F22 J11 J61 J62 (search for similar items in EconPapers)
Date: 2016
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