Template-Type: ReDIF-Article 1.0 Author-Name:Knobel Alexander Author-Name-First: Alexander Author-Name-Last:Knobel Author-Workplace-Name: Gaidar Institute for Economic Policy Author-Name:Firanchuk Alexander Author-Name-First: Alexander Author-Name-Last:Firanchuk Author-Workplace-Name: Gaidar Institute for Economic Policy Title: FOREIGN TRADE: TRADE BALANCE DOWN DUE TO DECLINE IN EXPORT Abstract: Russia’s foreign trade turnover continued to fall in Q1 2016. Unlike 2015, exports fell at faster pace than imports. At the same time, the rouble exchange rate moved synchronously with imports for two straight years. The structure of exports saw a few (non-fuel) commodities change in terms of Russia’s share of global markets. For example, the share of Russia’s metals of EU imports shrank as the share of fertilizes hiked. Classification-JEL: F22, J11, J61, J62 Keywords: Foreign Trade, Russian Industry Year: 2016 Issue:5 Month: May Pages: 35-37 File-URL: https://iep.ru/files/RePEc/gai/recdev/recdev-2016-5-634.pdf File-Format: application/pdf File-Function: Revised version, 2016 Handle: RePEc:gai:recdev:recdev-2016-5-634