Russia’s foreign trade turnover shrinks by a third

UrBC, Moscow, September 22, 2015. Russia’s foreign trade turnover shrank by 33.6% between January and July 2015 and amounted to $321.1bn.
Rosstat reports export was down by 30.3% ($210.2bn), import by 39.2% (110.9bn). The balance of trade stood at $99.2bn.

The decrease in imports was mainly due to such items as cars and other vehicles and equipment: 44.5% less of those got imported in Russia in the first half of the year ($44,957m in money terms). The decrease in exports had to do with shrinking supply of oil and other fossils (-37.3%, down to $136.23bn).

The foreign trade figures changed most for Russia’s trade relations with Spain (-49.4%, $2,968), Latvia (-45.3%, $5,047m), France (-43.9%, $6,558m), and Great Britain (-43.4%, $6,989m).

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