Foreign Trade in 2016: Stabilization of Exports and Imports

Abstract

Generally, according to the 2016 results fuel exports dramatically fell, non-fuel exports decreased somewhat, while imports stopped falling. However, H2 2016 (as compared to the similar period of 2015) showed slightly different results. Exports virtually stopped falling, while imports even began to grow. In 2016, in the geographic pattern of trade turnover the dynamics of the previous years prevailed: the share of the EU countries and Ukraine was diminishing, while that of the Eurasian Economic Union, China and the US was growing.