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Export-Import: Era Of Stagnation

Author

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  • A. Knobel

    (Gaidar Institute for Economic Policy)

Abstract

Preliminary results for 2015 have shown no substantial structural changes in both imports and non-energy exports. The import structure is most stable: the percentage share of chemical industry products, which are used basically as by-product in the domestic manufacturing industry, has seen some increase. This is indicative of similar response by various commodity groups to the depreciation of the national currency. The weakening of the rouble’s nominal exchange rate by 65% has kept dollar prices of imported high conversion products at the same level and pushed down (by 20–40%) dollar prices of agricultural products, foods and low conversion products.

Suggested Citation

  • A. Knobel, 2016. "Export-Import: Era Of Stagnation," Russian Economic Development, Gaidar Institute for Economic Policy, issue 1, pages 42-45, January.
    • Handle: RePEc:gai:recdev:669
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    Keywords

    Russian Economy; Export; Import;
    All these keywords.

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