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26 November 2019

Russia Foreign Trade Activity for the Third Quarter of 2019

According to the information, provided Federal Customs Service, Russia foreign trade turnover in January-September of 2019 decreased by 2.9% as compared to the same period 2018 and reached $489.4 billion of which 63.6% was export and 36.4% – import.

Foreign Trade Commodity Structure

Export
$ 311.4 billion ↓4.8%

Import
$ 178 billion ↑0.5%

 Share in trade Share in trade
Fuel and energy commodities and mineral products64.4%Machines, equipment and vehicles45.2%
Metals and metal products9.2%Chemical industry products18.9%
Chemical industry products6.4%Provisions and agricultural raw materials12%
Machines, equipment and vehicles5.8%Metals and metal products7.5%
Provisions and agricultural raw materials5.5%

Textiles, textile goods and footwear

6.4%

Export - Basic commodity classification Compared to the same period last year the far abroad countries increased purchases of chemical products by 0.6%, textiles by 1.1% and precious stones and metals and items fabricated from them by 13.7%. The CIS countries increased almost all product groups except fuel and energy commodities and mineral products.

Import - Basic commodity classificationFrom far abroad countries, Russia increased import of precious stones and metals and items fabricated from them by 83.6%, food products and agricultural raw material by 5.9%, mineral products by 3.3%, machines, equipment and vehicles by 2.8% and chemical industry products including rubber by 2.5%.

Russia Basic Trade Partners in III quarter of 2019

Country and its share in Russian foreign trade activity

Export
(basic commodity classification)

Import
(basic commodity classification)
China 16%

Mineral products
Oil and petroleum products
Ore, slag and ash

 

Machines and equipment
Electrical machines, audio and television equipment and their parts

Germany 7.9%

Mineral products
Ore, slag and ash 

Machines and equipment
Nuclear-power reactors, boilers, mechanicals and their parts

Chemical industry product
Pharmaceuticals  

Netherland 7.7%

Mineral products
Oil and petroleum products  

Machines and equipment
Nuclear-power reactors, boilers, mechanicals and their parts

Chemical industry product
Pharmaceuticals  

Belarus 4.9%

Mineral products
Oil and petroleum products  

Food products and agricultural raw materials
Milk, eggs, cheese, butter, honey, meet and meet products

USA 4%

Mineral products
Oil and petroleum products  

Machines and equipment

Italy 3.7% 

Machines and equipment

 

Machines and equipment

According to the forecast of the Ministry of Economic Development and Trade of the Russian Federation on social and economic development in Russia until 2024, export level in 2019 is projected at a rate of $ 437 billion, which is less by 3.3% than in 2018, but $ 271 billion for import, which is 12.7% more than year ago.