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Export Orientation as an Indicator of Overcoming Russia’s Engineering Import Dependency

Author

Listed:
  • Elena Leonidovna Andreeva

    (Ural State University of Economics, Ekaterinburg, Russia)

  • Artem Vitalyevich Ratner

    (Institute of Economics of the Ural Branch of the Russian Academy of Sciences, Ekaterinburg, Russia)

Abstract

Amid heavy dependency of Russia’s economy on imported machinery, equipment and vehicles, some regional cases of export specialization or movement towards it are identified. Statistical methods for analyzing data on machines in the 2010s were used: calculation of the share of imports in consumption; calculation of the ratio of imports and exports to domestic production of the country and regions. It is revealed that reduction of import dependency was observed immediately after the introduction of anti-Russian sanctions and intensification of import substitution eff orts in 2015-2016. The areas for facilitating import substitution and export specialization are proposed.

Suggested Citation

  • Elena Leonidovna Andreeva & Artem Vitalyevich Ratner, 2022. "Export Orientation as an Indicator of Overcoming Russia’s Engineering Import Dependency," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 5, pages 46-57, May.
    • Handle: RePEc:alq:rufejo:rfej_2022_05_46-57
    DOI: 10.24412/2072-8042-2022-5-46-57
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