Trade with Russia

Until the middle of 2008, Russia’s trade balance continued to go from strength to strength. Record volumes and prices on main exports in the energy sector and metals, first and foremost, provided a steady balance of payments. The drop in oil, metal and other commodity prices had a significant impact on foreign trade turnover in 2009, which amounted to USD 469 billion – about 36 % down as compared with the previous year. Both export and import volumes decreased significantly; nevertheless, the trade balance was positive.

The government moved rapidly to protect the economy through stimulus mea¬sures and, since then, recovery has been slowly under-way. The economic crisis drew attention to the fragility of Russia’s economic growth path, which continues to be based primarily on exploiting natural resources rather than vibrant entrepreneurial industries. It thus underscored the need for a deep transformation of the Russian economy in order to enhance competitiveness and place the country on a more stable and sustainable growth path.

Russia’s main trading partners are Germany, the Netherlands, China, Italy, Belarus, Ukraine, Turkey, the US, France, Poland, Japan and Finland.

In 2010 Customs Union was inaugurated to achieve the economic reintegration of Russia with Belarus and Kazakhstan. This union aims to boost trade among the Commonwealth of Independent States (CIS) nations, make the member nations more competitive and promote investment opportunities. The new tariff system is expected to unleash a flood of imports to Russia and its union partners. It would also strengthen Russia’s trade ties with Central Asia, the Baltic States and Central and Eastern European countries.

“Doing business and investing in the Russian Federation 2010” report (PricewaterhouseCoopers)
 

EXPORT AND IMPORT OF THE RUSSIAN FEDERATION

 
1995
2000
2003
2004
2005
2006
2007
2008
2009
 
Bln. USD
Export
78.2
103.1
133.7
181.6
241.5
301.2
351.9
467.6
301.7
Import
46.7
33.9
57.3
75.6
98.7
137.8
199.8
267.1
167.5

With far abroad
countries

 
 
 
 
 
 
 
 
 
   export
63.7
89.3
113.2
152.1
208.8
258.9
299.3
397.9
255.0
   import
33.1
22.3
44.2
57.9
79.7
115.4
169.9
230.5
145.7
With CIS countries
 
 
 
 
 
 
 
 
 
   export
14.5
13.8
20.5
29.5
32.6
42.3
52.7
69.7
46.7
   import
13.6
11.6
13.1
17.7
19.0
22.4
29.9
36.6
21.8

of which with
Euro-Asian EC1)

 
 
 
 
 
 
 
 
 
   export
5.8
8.0
11.2
16.3
17.3
24.1
32.3
41.1
29.0
   import
5.1
6.2
7.5
10.1
9.2
12.3
15.4
18.9
11.8
 
As percentage of the previous year
Export
123.6
141.4
125.2
135.9
133.0
124.8
116.8
132.9
64.5
Import
120.8
111.9
124.2
131.8
130.6
139.6
145.0
133.7
62.7

With far abroad
countries

 
 
 
 
 
 
 
 
 
   export
129.4
143.6
124.3
134.4
137.3
124.0
115.6
133.0
64.1
   import
116.8
101.5
122.7
130.9
137.8
144.8
147.2
135.7
63.2
With CIS countries
 
 
 
 
 
 
 
 
 
   export
103.2
129.1
130.5
143.8
110.7
129.7
124.5
132.3
67.1
   import
131.7
139.1
129.3
134.8
107.2
117.8
133.5
122.6
59.6

of which with
Euro-Asian EC1)

 
 
 
 
 
 
 
 
 
   export
104.8
155.1
131.5
146.2
105.7
139.5
134.2
127.2
70.9
   import
119.9
129.2
124.2
134.7
90.5
133.9
125.4
122.8
62.4

1) Euro-Asian Economic Community (Euro-Asian EC) includes the following countries:
Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, Uzbekistan. Since 2006 data is given including data of Uzbekistan.


Russia in figures - 2010
Copyright © Federal State Statistics Service
 

PARTNERS ТПП РФ Внешэкономбанк