Russia in January reduced exports by 14.2%, imports by 10.6% – Kommersant
[ad_1]
In January 2024, Russia’s foreign trade turnover amounted to $48.7 billion. Compared to January last year, the figure decreased by 12.8%, according to data from the Federal Customs Service (FCS) of Russia (available to Kommersant). Russian exports in January decreased by 14.2% year-on-year, to $28.7 billion, imports – by 10.6%, to $20 billion. Russia’s key trading partners for this year were the countries of the Asian region, which accounted for 74% of trade turnover, noted in the Federal Customs Service.
According to the Federal Customs Service, in January Russia exported the most mineral products, their share in the volume of supplies amounted to 61.2%. Metals and products made from them accounted for 14.8% of Russian exports, food products and raw materials for their production – 10.4%, chemical products – 6.2%. Machinery, equipment and other goods provided 4.5% of Russian exports, timber and pulp and paper products – 2.4%.
In the commodity structure of imports, the largest volume of supplies fell on machinery, equipment and other goods (50.2%), chemical products (19.5%) and food products and raw materials for their production (13%). Another 7.6% of Russian imports came from textiles and footwear, 6.4% from metals and products made from them, and 1.7% from mineral products.
In 2023, according to the Federal Customs Service, Russian exports decreased by 28.3% compared to 2022, from $592.5 billion to $425.1 billion. This significant drop occurred due to a collapse in supplies to European countries. If in 2022 it was $265.6 billion, then in 2023, due to tightening sanctions against the Russian Federation, it decreased to $84.9 billion (-68%). Russian exports to Asian countries at the end of 2023 increased, but not comparable with the fall to European countries – by 5.6%, from $290.4 billion to $306.6 billion.
Read more about exports from Russia to Asia in publications “Ъ”.
[ad_2]
Source link
