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Russia’S Foreign Trade In October 2014

Author

Listed:
  • Nadezhda Volovik

    (Gaidar Institute for Economic Policy)

  • Karina Kharina

    (Gaidar Institute for Economic Policy)

Abstract

In September 2014, the Russian foreign trade turnover calculated on the basis of the methods of the balance of payments amounted to $64.6bn which is 12.4% lower than the respective index of the previous year. It is to be noted that the export of goods from Russia decreased by 13.4% to $38.8bn, while the import of goods to Russia, by 10% to $25.8bn. In September 2014, as compared to September 2013 the trade balance surplus fell by 18.6% to $13bn. According to the data of the Central Bank of Russia, in January–September 2014 the Russian foreign trade turnover amounted to $614bn which is 3.1% lower than the level of January–September 2013. It is to be noted that the export fell by 0.7% as compared to the respective index of 2013. Within 9 months of 2014, in the total volume of the export the share of far abroad countries increased from 85.4% to 86.2%, while that of CIS countries fell from 14.6% to 13.8% as compared to the respective period of 2013.

Suggested Citation

  • Nadezhda Volovik & Karina Kharina, 2014. "Russia’S Foreign Trade In October 2014," Russian Economic Developments, Gaidar Institute for Economic Policy, issue 12, pages 30-32, December.
  • Handle: RePEc:gai:recdev:424
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    More about this item

    Keywords

    Foreign trade;

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General

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