Russia: the total trade amount grew significantly in 2021 (January-November)
According to the Federal Customs Authority (FCS) in Russia, the country’s trade surplus increased for 1.8 times ($ 170.1 billion) from January to November, from the same period last year. Russia’s total amount of trade increased by 37.3% from the previous year, and it reached $ 703 billion.
The export amount increased by 44.4% and raised $ 436.5 billion. The details of the exports are as below:
CIS countries – 13.2%
other countries – 86.8%.
Most of the products for exportation are traditionally related to fuels and energy, and the market share of the exported items was 54.2% (50.4% from January to November, 2020).
The import amount from January to November in 2021 was $ 266.5 billion, which shows the increase of 27.2% comparing to the same period last year. The breakdown of the data is:
CIS countries – 10.6%
other countries – 89.4%
From the list of imported items, we may see that machinery and equipment have the largest market share (49.3%). In 2020 (from January to November) the percentage was 47.5%.
[Russia – EU]
According to the data of the FCS in Russia, from January to November, the total trade amount between Russia and EU increased by 45.6％ from the same period in 2020 ($ 251,121 million).
The exports to EU increased by 62.5％ from the same period in 2020, and raised $ 166,096 million.
As a result, from the total amount of international trade surplus of Russia, the market share in EU grew up to 35.9％ from the previous year (33.9％).
[Russia – the US]
From January to November, the total trade amount between Russia and the US was $ 31.2 billion, which shows 43.6％ of growth from the same period in 2020.
The export amount from Russia to the US was $ 15.9 billion (increased by 62.6％). The import amount from the US was $ 15.3 billion (increased by 28％).
In the total amount of international trade of Russia during the reported period, the percentage of the US part was 4.5％, which grew from the previous year (4.3％), as well.
[Russia – China]
From January to November, the total trade amount between Russia and China was $ 126.1 billion (35.1％ of growth from the same period in previous year). The export amount of Russia grew by 40.2％ and was $ 61.6 billion. And the import amount from China grew by 30.5％ and was $ 64.5 billion.
On the other hand, in the total amount of international trade of Russia during the reported period, the percentage of the part of China was 18% which decreased by 0.4% from the same period in the previous year.
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