Russia’s Trade Turnover Increases

In the first quarter of 2018 Russia’s trade turnover has grown by 22% compared to the same period of the last year and amounted to $157.6 bn.

In the turnover structure Russia's export was almost twice as large at its import. Country’s export stood at $103.02 bn and increased by 23% compared to the same period of 2017. Russia’s import amounted to $54.6 bn and grew by 20%.

The main Russia’s export commodities remained traditional: mineral fuel, oil and its products, production of the defense industrial base sector, black metals, pearl (natural or grown), precious and semiprecious stones and metals, articles thereof, and grain.

Russia exported goods mostly to China (11.9%), the Netherlands (10.5%), Germany (8%), Turkey (6%), Belarus (4.9%), Poland (3.8%), Italy (3.4%), Kazakhstan (3%), Finland (2.8%), the Republic of Korea and the USA (2.6 % each).

The key Russia’s import products included nuclear reactors, boilers, machinery and mechanical appliances, electrical machinery and equipment, video and sound recorders and reproducers, vehicles (other than railway or tramway rolling stock), pharmaceutical products, plastics and articles thereof.

The bulk of goods were imported to Russia from China (21.7%), Germany (10.9%), Belarus (5.3%), the USA (4.7%), France (4.6%), Italy (4.3%), Japan (3.5%), and the Republic of Korea (2.7%).