Russia’s Foreign Trade in 2019: Preliminary Results

Abstract

Over the course of the first ten months of 2019, Russia’s exports of fuel and energy resources in money terms dropped relative to the same period of the previous year by 8.1%, to $ 217.4bn (or 77% of the pre-crisis level registered in 2013). The value of other exports declined to $ 128.0bn (-1.9%), thus returning to its pre-crisis level (105%). The drop in the value of Russia’s exports of fuel and energy resources, metals, chemical products, and timber was caused by a considerable deterioration in pricing which took place against the background of relatively stable export volumes. The export of high-tech products (the commodity groups Machines and Equipment and Other Commodities’) remained unchanged.