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Russia's true imports?

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Listed:
  • Ollus S. -e
  • Simola H.

Abstract

Russian authorities give two official figures for imports of goods to Russia. Russian Customs registers values stated in customs declarations, while the Central Bank of Russia adds in its estimate of grey imports to obtain an overall import figure. Using mirror statistics of Russia's main trading partners, we suggest that grey imports are in fact higher than the CBR estimate. Hence, official statements of trade and current account surpluses should be reduced to better reflect Russia's actual external balance. This would also imply less capital outflow from Russia than suggested by current estimates.

Suggested Citation

  • Ollus S. -e & Simola H., 2007. "Russia's true imports?," Higher School of Economics Economic Journal Экономический журнал Высшей школы экономики, CyberLeninka;Федеральное государственное автономное образовательное учреждение высшего образования «Национальный исследовательский университет «Высшая школа экономики», vol. 11(2), pages 200-212.
    • Handle: RePEc:scn:025886:15693461
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    Cited by:

    1. Dmitry Alexandrovich Izotov, 2012. "Russian – Chinese Trade and Exchange Rate," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 3, pages 34-54.

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