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Export-Import: A Nearly Simultaneous Drop

Author

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  • A. Knobel

    (Gaidar Institute for Economic Policy)

Abstract

Evidence of import substitution can be found only in the agriculture and the food industry: a decrease in the import volume across individual positions (meat, poultry, fish and grain crop fl our) was accompanied by Household output growth. Also, simultaneously with a drop in imports, some output growth is registered in individual low-processed commodities (plastics in original forms and cast iron). At the same time, there is virtually no substitution of imports in transport vehicles, agricultural machinery and consumer durables. Despite depreciation of the ruble, the expected growth in exports of non-primary products did not take place. Insignifi cant growth of exports in terms of physical volumes was observed only in groups of low and medium-processed commodities.

Suggested Citation

  • A. Knobel, 2015. "Export-Import: A Nearly Simultaneous Drop," Russian Economic Development, Gaidar Institute for Economic Policy, issue 12, pages 80-83, December.
    • Handle: RePEc:gai:recdev:638
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    Keywords

    Export; Import; Russian Economy;
    All these keywords.

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