Date,
Time MSK

05.04.2016



Mexican-Russian Bilateral Trade in 2015


In 2015 Mexican-Russian bilateral trade volume decreased by 2% and reached 1.7 billion USD compared to 1.8 billion USD in 2014.


Mexican exports to Russia fell to 0.2 billion USD (by 27%) while imports rose to 1.5 billion USD (by 2%) (see Figure 1).



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

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


Mexican exports to Russia


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


▪ Vehicles other than railway, tramway (50%)

▪ Machinery, nuclear reactors, boilers, etc (12%)

▪ Electrical, electronic equipment (11%)

▪ Miscellaneous edible preparations (3%)

▪ Beverages, spirits and vinegar (3%)

▪ Articles of iron or steel (2%)

▪ Meat and edible meat offal (2%)

▪ Coffee, tea, mate and spices (2%)

▪ Edible fruit, nuts, peel of citrus fruit, melons (2%)

▪ Toys, games, sports requisites (2%)

▪ Tools, implements, cutlery, etc of base metal (1%)

▪ Aircraft, spacecraft, and parts thereof (1%)

▪ Optical, photo, technical, medical, etc apparatus (1%)

▪ Essential oils, perfumes, cosmetics, toileteries (1%)


In 2015 the imports of Mexican made products in Russia experienced a significant fall. The imports of articles of iron or steel fell by 66%; the imports of beverages, spirits and vinegar- by 64%.



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

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



Table 1. Key products exported from Mexico 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 Mexican products

87

Vehicles other than railway, tramway

$132,016

$99,851

-24%

0.7

12.6

84

Machinery, nuclear reactors, boilers, etc

$28,176

$23,890

-15%

0.20

1.9

85

Electrical, electronic equipment

$19,014

$21,274

12%

0.3

3.4

21

Miscellaneous edible preparations

$8,270

$6,452

-22%

0.7

12.5

22

Beverages, spirits and vinegar

$14,414

$5,182

-64%

1.5

27.7

73

Articles of iron or steel

$12,407

$4,240

-66%

0.4

9.3

02

Meat and edible meat offal

$2,587

$4,055

57%

0.00

23

09

Coffee, tea, mate and spices

$3,264

$4,003

23%

0.4

2.3

08

Edible fruit, nuts, peel of citrus fruit, melons

$2,730

$3,753

37%

0.2

3.9

95

Toys, games, sports requisites

$4,425

$3,300

-25%

1.2

10.5

82

Tools, implements, cutlery, etc of base metal

$1,672

$2,490

49%

0.5

6.7

88

Aircraft, spacecraft, and parts thereof

$33

$1,955

5824%

0.00

7.9

90

Optical, photo, technical, medical, etc apparatus

$3,814

$1,903

-50%

1.1

2.8

33

Essential oils, perfumes, cosmetics, toileteries

$1,290

$1,809

40%

0.1

9.6



Russian exports to Mexico


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


▪ Commodities not elsewhere specified (41%)

▪ Aluminium and articles thereof (16%)

▪ Fertilizers (15%)

▪ Iron and steel (14%)

▪ Mineral fuels, oils, distillation products, etc (4%)

▪ Cereals (3%)

▪ Rubber and articles thereof (2%)

▪ Paper and paperboard, articles of pulp, paper and board (1%)

▪ Organic chemicals (1%)

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

▪ Electrical, electronic equipment (1%)


2015 showed a significant rise in Russian exports to Mexico of aircraft, spacecraft, and parts thereof (+266%). At the same time the exports of cereals (-69%) showed a significant fall (see Table 2).



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

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



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

99

Commodities not elsewhere specified

$630,924

$637,409

1%

5.9

76

Aluminium and articles thereof

$98,447

$241,611

145%

1.9

31

Fertilizers

$290,191

$230,695

-21%

20.1

72

Iron and steel

$212,494

$211,072

-1%

2.2

27

Mineral fuels, oils, distillation products, etc

$59,009

$59,374

1%

0.2

10

Cereals

$127,129

$38,906

-69%

3

40

Rubber and articles thereof

$23,741

$24,098

2%

0.4

48

Paper and paperboard, articles of pulp, paper and board

$16,338

$21,052

29%

0.3

29

Organic chemicals

$3,747

$12,903

244%

0

84

Machinery, nuclear reactors, boilers, etc

$5,250

$11,186

113%

0

85

Electrical, electronic equipment

$7,605

$9,504

25%

0

25

Salt, sulphur, earth, stone, plaster, lime and cement

$5,281

$7,324

39%

0.9

81

Other base metals, cermets, articles thereof

$3,025

$5,960

97%

0.8

88

Aircraft, spacecraft, and parts thereof

$1,346

$4,923

266%

0.3



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



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


Macroeconomic Indicator

Russia

Mexico

GDP in 2014, billion dollars

1,857.461

1,282.725

GDP in 2015, billion dollars

1,175.996

1,231.982

Inflation, average consumer prices, %

7.82

3.16

Volume of imported goods, billion dollars

282.6

395.2

Volume of exported goods, billion dollars

492.1

380.8

Unemployment rate, %

5.10

4.25

Population, millions

143.7

121.1


Partners

  • pic
  • pic