Russian Export Import 2011

Topics: Russia, Petroleum, International trade Pages: 4 (897 words) Published: February 13, 2012
Russian Export Import

In this section we will make an overview of the Russian exports and Imports. It would seem that the answer for this question is quite clear giving the geographical situation of Russian Federation. Russia mainly exports hydrocarbons (crude oil, gas, coal), metals, chemical products, weapons, machinery and equipment. Export and Import of Russian Federation|

Billion USD|
Year| 1995| 2000| 2005| 2006| 2007| 2008| 2009| 2010| Export| 78.2| 103.1| 241.5| 301.2| 351.9| 467.6| 301.7| 396.6| Import| 46.7| 33.9| 98.7| 137.8| 199.8| 267.1| 167.3| 229.1| With all these fact we can easily state that Russia is an economy based on export of raw materials. The main problem of the Russian economy is the lack of domestic production. Russia has all the needed resources to produce goods with competitive quality and prices on global markets. There are many reasons for that, one is the border with Euro zone, which has very strict import rules, and the other is the bureaucracy. The Russian government is fighting against these issues, for example, this year Russia will become a member of World Trade Organization, which will allow them to become a stronger trade partner and open new markets.

Table below shows the percent changes in export and imports from the last year: As percentage to previous year|
Billion USD|
Year| 1995| 2000| 2005| 2006| 2007| 2008| 2009| 2010| Export| 123.6| 141.4| 133| 124.8| 116.8| 132.9| 64.5| 131.5| Import| 120.8| 111.9| 130.6| 139.6| 145| 133.7| 62.7| 136.9|

The total amount of Russian export for 2010 amounted 396.6.billion dollars. That means an increase by 31.4% in comparison to 2009. Exports in foreign countries increased by 32.1% and for the CIS countries 27.4%. The increase in export value in 2010 was mainly due to rise in average prices of exported goods and an increase in supply. The index of average export prices during this period was...
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