CIS-Urals’ foreign trade turnover drops 42%

UrBC, Yekaterinburg, October 21, 2015. Foreign trade turnover between the Urals and the CIS member states came to $1.2bn in the nine months of 2015, which was 42% less than a year earlier, head of Ural Customs Administration Vyacheslav Goloskokov said at a press conference.

The official also said the foreign trade turnover between the Urals and the rest of the world dropped by 4%, down to $10.9bn.

The constituency’s overall foreign trade turnover amounted to over $12bn, including $1.2bn (10%) resulting from trading with the CIS member states and $11bn (90%) resulting from trading with the rest of the world.

$3.2bn worth of goods (1.1m tons) were imported and $9bn worth of goods (9m tons ) were exported.

‘The decrease in foreign trade turnover between the Urals and the CIS member states had to do with shrinking exports to Azerbaijan (-48%), Ukraine (-55%), and Uzbekistan (-29%) and declining imports from Ukraine (-58%). We exported fewer military vehicles, pipes, and engines as well as less propane and timber,’ Goloskokov said.

The decrease in foreign trade turnover between the Urals and rest of the world had to do with shrinking exports to Belgium (-49%), Germany (-30%), Iran (-77%), Italy (-25%), Korea (-78.5%), and the United States (-14.5%).


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