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Russian trade surplus down

During the first 10 months of the year from January to October 2013, the Russian Federation achieved a trade surplus of USD169.3 billion. The figure represents a 2.6-percent drop in relation to the results of the previous year.

In the fourth quarter of 2013, the Federal Customs Service issued a statement saying that Russia’s trade turnover was registered at USD688.8 billion, which is nearly equivalent to the figure from the same January-to-October period of the previous year. The turnover in trade with states beyond the borders of the Commonwealth of Independent States reached USD595.9 billion. Trade turnover within the Commonwealth was recorded at USD92.9 billion.

Trade surplus in goods within the C.I.S. countries was reported at USD25.5 billion. The surplus in trade with states outside the C.I.S. was USD143.8 billion.

During the period of months between January and October, the value of Russian exports reached USD429 billion, a number which reflects a 0.7-percent drop from the corresponding statistic for the previous year. Russia imported goods valued at USD259.8 billion, a figure that represents a 0.5-percent increase from last year’s imports. The share of imports from the countries outside the C.I.S. was listed as 87 percent of the overall imports. The remaining 13 percent went to imports from the C.I.S. countries. Fuel and energy resources dominated Russian exports in 2013 outside the C.I.S. region, accounting for 74.5 percent of all exports. Last year, the energy sector accounted for 73 percent. The main item on the imports list is machinery and equipment. That particular category comprised 50.6 percent of Russia’s overall imports this year. Still, imports of machinery and equipment declined compared to 2012, when the category accounted for a whole 51.9 percent of total imports.

Russia’s trade turnover with countries of the European Union in the period from January to October accounted for 49.5 percent of the overall trade. As such, the share of the country’s trade turnover with the E.U. in total trade increased from 48.5 percent, where it was in the corresponding period of the previous year. The share of total trade turnover of Russia’s commerce with the C.I.S. countries dropped to 13.5 percent this year from 14.8 percent last year. The share of Russia’s trade with the Eurasian Economic Community of the country’s total trade turnover this year dropped to 7.4 percent from eight percent last year. The share of the APEC (Asian-Pacific Economic Cooperation) countries increased to 24.7 percent, up from last year’s 24 percent. Russia’s trade turnover with Kazakhstan and Belarus dropped to seven percent from the figure of 7.7 percent seen in the previous year.

China is the main trading partner of Russia outside of the C.I.S. countries, responsible for USD72 billion in trade turnover. The Netherlands accounts for 62.5 billion, a trade value that dropped by eight percent since last year. Trade turnover with Germany increased by 1.2 percent to USD61.1 billion. The turnover with Italy increased by 19.7 percent to USD43.8 billion. Russia’s trade with Japan rose 3.3 percent to USD26.8 billion. Trade with Turkey suffered a 7.6-percent decline to USD26.1 billion. Russia’s trade with the United States fell by 3.2 percent to USD22.7 billion. The country’s trade turnover with Poland fell 0.3 percent to USD22.7 billion. The turnover with South Korea fell by 0.1 percent to USD20.2 billion. The value of bilateral commerce with Great Britain increased by four percent, reaching USD19.8 billion.

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