Template-Type: ReDIF-Article 1.0
Author-Name:Alexandr Knobel
Author-Name-First:Alexandr 
Author-Name-Last: Knobel
Author-Workplace-Name:  Gaidar Institute for Economic Policy
Title: Foreign trade and production in 2015: change of geografy
Abstract: On the basis of the results of the first eight months of 2015, it can be concluded that industries where growth in domestic output is observed simultaneously with a drop in competitive import are the agriculture and the food industry. At the same time, substitution of consumption of investment goods – from foreign ones to domestic ones – does not take place: a decline in economic activities is accompanied by a drop both in domestic production
and import.
Volatility of the national currency (some appreciation of the national currency in April–May followed by depreciation to the level of February–March in July-August) did not have a significant effect either on the dynamics of export or that of import: participants in foreign economic activities did not start to change their business decisions in response to short-term appreciation or weakening of the exchange rate of the national currency.
It is to be noted that growth in the export of the non-primary sector either in monetary or physical terms did not take place, either. An insignificant increase in physical volumes of the export was observed only in groups of commodities with a low- and mid-level of processing (non-diversified ones).
Classification-JEL:
Keywords: Foreign trade, Russian Economy
Journal: RUSSIAN ECONOMIC DEVELOPMENTS
Year: 2015
Issue: 11
Month: November
Pages: 46-50
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/628Knobel.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:628