Russia’s Foreign Trade in 2019: Preliminary Results

Firanchuk, Alexander; Knobel, Alexander

doi:10.2139/ssrn.3547874

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Russia’s Foreign Trade in 2019: Preliminary Results

Monitoring of Russia's Economic Outlook. IEP. Moscow. 2020, No. 1, pp. 4-8

5 Pages Posted: 27 Mar 2020

See all articles by Alexander Firanchuk

Alexander Firanchuk

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - International Laboratory of International Economics Studies

Alexander Knobel

Gaidar Institute for Economic Policy; Russian Presidential Academy and Public Administration (RANEPA) - Institute of Applied Economic Studies

Date Written: March 3, 2020

Abstract

Over the course of the first ten months of 2019, Russia’s exports of fuel and energy resources in money terms dropped relative to the same period of the previous year by 8.1%, to $ 217.4bn (or 77% of the pre-crisis level registered in 2013). The value of other exports declined to $ 128.0bn (-1.9%), thus returning to its pre-crisis level (105%). The drop in the value of Russia’s exports of fuel and energy resources, metals, chemical products, and timber was caused by a considerable deterioration in pricing which took place against the background of relatively stable export volumes. The export of high-tech products (the commodity groups Machines and Equipment and Other Commodities’) remained unchanged.

Keywords: Russian economy, foreign trade

JEL Classification: F13, F19

Suggested Citation: Suggested Citation

Firanchuk, Alexander and Knobel, Alexander, Russia’s Foreign Trade in 2019: Preliminary Results (March 3, 2020). Monitoring of Russia's Economic Outlook. IEP. Moscow. 2020, No. 1, pp. 4-8, Available at SSRN: https://ssrn.com/abstract=3547874 or http://dx.doi.org/10.2139/ssrn.3547874