Template-Type: ReDIF-Article 1.0
Author-Name:Nadezhda Volovik
Author-Name-First:Nadezhda                      
Author-Name-Last: Volovik
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name:Karina Kharina
Author-Name-First:Karina                       
Author-Name-Last: Kharina
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title: RUSSIA’S FOREIGN TRADE IN OCTOBER 2014
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.
Classification-JEL: F10, F14, F15, F40
Keywords: Foreign trade
Journal: Russian Economic Developments
Year: 2014
Issue: 12
Month: December
Pages: 30-32
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/424Volovik.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:424