Date,
Time MSK

05.04.2016



Salvadoran-Russian Bilateral Trade in 2015


In 2015 Salvadoran-Russian bilateral trade volume decreased by 36% and reached 16.5 million USD compared to 25.7 million USD in 2014.


Salvadoran exports to Russia rose to 0.6 million USD (by 116%) while imports fell to 15.9 million USD (by 38%) (see Figure 1).


Figure 1. 2007-2015 Salvadoran-Russian bilateral trade turnover, million USD. Source: ITC Trade Map.

Figure 1. 2007-2015 Salvadoran-Russian bilateral trade turnover, million USD.png



Salvadoran exports to Russia


El Salvador primarily exports to Russia the following products (see Figure 2, Table 1):


▪ Coffee, tea, mate and spices (92.7%)

▪ Articles of apparel, accessories, knit or crochet (4.1%)

▪ Live animals (2.1%)

▪ Paper and paperboard, articles of pulp, paper and board (0.4%)

▪ Cocoa and cocoa preparations (0.4%)

▪ Live trees, plants, bulbs, roots, cut flowers etc (0.2%)



In 2015 the imports of Salvadoran made products in Russia experienced a significant fall. The imports of live trees, plants, bulbs, roots fell by 75%; the imports of articles of apparel, accessories, knit or crochet- by 70%.



Figure 2. Structure of Salvadoran Exports to Russia in 2015. Source: ITC Trade Map.

Figure 2. Structure of Salvadoran Exports to Russia in 2015.png



Table 1. Key products exported from El Salvador to Russia in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

Tariff applied by Russia to Salvadoran products

09

Coffee, tea, mate and spices

$147

$520

254%

0.00

2.3

61

Articles of apparel, accessories, knit or crochet

$76

$23

-70%

0.00

22.8

01

Live animals

$20

$12

-40%

0.00

3.5

48

Paper and paperboard, articles of pulp, paper and board

$0

$2

-

0.00

9.3

18

Cocoa and cocoa preparations

$0

$2

-

0.00

5.8

06

Live trees, plants, bulbs, roots, cut flowers etc

$4

$1

-75%

0.00

13.5




Russian exports to El Salvador


In 2015 Russia has exported to El Salvador the following products (see Figure 3, Table 2):


▪ Fertilizers (70%)

▪ Aluminium and articles thereof (19%)

▪ Paper and paperboard, articles of pulp, paper and board (7%)

▪ Organic chemicals (1%)

▪ Plastics and articles thereof (1%)

▪ Inorganic chemicals, precious metal compound, isotopes (1%)

▪ Miscellaneous chemical products (1%)


2015 showed a significant rise in Russian exports to El Salvador of plastics and articles thereof (+2243%). At the same time the exports of machinery, nuclear reactors, boilers (-99%) showed a significant fall (see Table 2).



Figure 3. Structure of Russian Exports to El Salvador in 2015. Source: ITC Trade Map.

Figure 3. Structure of Russian Exports to El Salvador in 2015.png



Table 2. Key products exported from Russia to El Salvador in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

31

Fertilizers

$15,644

$11,160

-29%

19.2

76

Aluminium and articles thereof

$1,364

$2,976

118%

1.7

48

Paper and paperboard, articles of pulp, paper and board

$257

$1,041

305%

0.1

29

Organic chemicals

$195

$202

4%

0.2

39

Plastics and articles thereof

$7

$164

2243%

0

28

Inorganic chemicals, precious metal compound, isotopes

$134

$155

16%

0.2

38

Miscellaneous chemical products

$60

$97

62%

0

34

Soaps, lubricants, waxes, candles, modelling pastes

$0

$33

-

0

87

Vehicles other than railway, tramway

$138

$29

-79%

0

90

Optical, photo, technical, medical, etc apparatus

$14

$16

14%

0

22

Beverages, spirits and vinegar

$19

$8

-58%

0

85

Electrical, electronic equipment

$9

$5

-44%

0

73

Articles of iron or steel

$5

$1

-80%

0

84

Machinery, nuclear reactors, boilers, etc

$146

$1

-99%

0



Table 3 represents basic macroeconomic and foreign trade indicators for both countries.




Table 3. Macroeconomic Indicators for Russia and El Salvador. Source: IMF World Economic Outlook Database, April 2015


Macroeconomic Indicator

Russia

El Salvador

GDP in 2014, billion dollars

1,857.461

25.329

GDP in 2015, billion dollars

1,175.996

26.152

Inflation, average consumer prices, %

7.82

-0.796

Volume of imported goods, billion dollars

282.6

10.4

Volume of exported goods, billion dollars

492.1

5.5

Unemployment rate, %

5.10

5.29

Population, millions

143.7

6.4


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