Date,
Time MSK

05.04.2016



French-Russian Bilateral Trade in 2015


In 2015 French -Russian bilateral trade volume decreased by 47% and reached 11.9 billion USD compared to 22.7 billion USD in 2014.


French exports to Russia fell to 5.0 billion USD (by 44%) while imports fell to 6.9 billion USD (by 49%) (see Figure 1).



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

Figure 1. 2007-2015 French-Russian bilateral trade turnover, billion USD.png



French exports to Russia


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


▪ Machinery, nuclear reactors, boilers, etc (16%)

▪ Aircraft, spacecraft, and parts thereof (11%)

▪ Pharmaceutical products (11%)

▪ Electrical, electronic equipment (9%)

▪ Essential oils, perfumes, cosmetics, toileteries (8%)

▪ Miscellaneous chemical products (5%)

▪ Organic chemicals (4%)

▪ Optical, photo, technical, medical, etc apparatus (4%)

▪ Vehicles other than railway, tramway (4%)

▪ Plastics and articles thereof (3%)

▪ Beverages, spirits and vinegar (2%)

▪ Residues, wastes of food industry, animal fodder (2%)

▪ Inorganic chemicals, precious metal compound, isotopes (2%)

▪ Soaps, lubricants, waxes, candles, modelling pastes (1%)


In 2015 the imports of French made products in Russia experienced a significant fall. The imports of vehicles other than railway, tramway fell by 65%; the imports of aircraft, spacecraft, and parts thereof- by 52%.



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

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



Table 1. Key products exported from France 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 French products

84

Machinery, nuclear reactors, boilers, etc

$1,509,592

$807,972

-46%

3.1

1.9

88

Aircraft, spacecraft, and parts thereof

$1,130,474

$545,919

-52%

18.7

7.9

30

Pharmaceutical products

$947,192

$540,940

-43%

9.7

5.5

85

Electrical, electronic equipment

$777,753

$426,514

-45%

2.5

3.4

33

Essential oils, perfumes, cosmetics, toileteries

$685,047

$377,860

-45%

26.3

9.7

38

Miscellaneous chemical products

$390,370

$274,308

-30%

13.4

4.3

29

Organic chemicals

$232,233

$211,049

-9%

8.5

3.4

90

Optical, photo, technical, medical, etc apparatus

$386,145

$197,355

-49%

3.9

2.8

87

Vehicles other than railway, tramway

$549,350

$192,482

-65%

1.8

12.6

39

Plastics and articles thereof

$243,374

$173,239

-29%

3.4

7.2

22

Beverages, spirits and vinegar

$172,172

$87,448

-49%

17.1

27.7

23

Residues, wastes of food industry, animal fodder

$108,381

$82,142

-24%

11.1

4.9

28

Inorganic chemicals, precious metal compound, isotopes

$83,505

$79,255

-5%

1.7

4.2

34

Soaps, lubricants, waxes, candles, modelling pastes

$73,245

$59,695

-18%

7.9

9.8




Russian exports to France


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


▪ Mineral fuels, oils, distillation products, etc (85%)

▪ Fertilizers (3%)

▪ Aircraft, spacecraft, and parts thereof (2%)

▪ Aluminium and articles thereof (2%)

▪ Machinery, nuclear reactors, boilers, etc (1%)

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

▪ Wood and articles of wood, wood charcoal (1%)

▪ Iron and steel (1%)

▪ Fish, crustaceans, molluscs, aquatic invertebrates nes (1%)

▪ Other base metals, cermets, articles thereof (1%)


2015 showed a significant rise in Russian exports to France of electrical, electronic equipment (+41%). At the same time the exports of inorganic chemicals, precious metal compound, isotopes (-86%) showed a significant fall (see Table 2).



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

Figure 3. Structure of Russian Exports to France in 2015.png


Table 2. Key products exported from Russia to France 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, %

27

Mineral fuels, oils, distillation products, etc

$11,640,564

$5,871,365

-50%

12.1

31

Fertilizers

$235,151

$194,245

-17%

8.4

88

Aircraft, spacecraft, and parts thereof

$127,114

$164,453

29%

0.4

76

Aluminium and articles thereof

$253,470

$130,208

-49%

3.5

84

Machinery, nuclear reactors, boilers, etc

$65,273

$84,083

29%

0.1

28

Inorganic chemicals, precious metal compound, isotopes

$586,077

$79,182

-86%

8.9

44

Wood and articles of wood, wood charcoal

$109,433

$75,621

-31%

2.5

72

Iron and steel

$164,491

$64,842

-61%

1.2

03

Fish, crustaceans, molluscs, aquatic invertebrates nes

$57,796

$56,771

-2%

1.1

81

Other base metals, cermets, articles thereof

$49,781

$40,256

-19%

4.7

23

Residues, wastes of food industry, animal fodder

$28,857

$24,905

-14%

0.8

40

Rubber and articles thereof

$27,857

$21,680

-22%

0.4

85

Electrical, electronic equipment

$13,756

$19,421

41%

0

29

Organic chemicals

$34,410

$11,810

-66%

0.2



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




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


Macroeconomic Indicator

Russia

France

GDP in 2014, billion dollars

1,857.461

2,846.889

GDP in 2015, billion dollars

1,175.996

2,469.530

Inflation, average consumer prices, %

7.82

0.11

Volume of imported goods, billion dollars

282.6

572.7

Volume of exported goods, billion dollars

492.1

505.8

Unemployment rate, %

5.10

10.08

Population, millions

143.7

64.21


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