Russia’s foreign trade turnover down 44.7% to $56.7 bln in Jan-Feb 09
In January-February 2009, Russia’s foreign trade turnover fell 44.7%, year-on-year, to $56.7 bln (including trade with Belorus). According to the Federal Customs Service, foreign trade with non-CIS countries fell by 44% to $49 bln, that with CIS countries – by 48.5% to $7.7 bln.
In the reported period Russia’s export amounted to $36 bln (-48%, year-on-year) including $30 bln with non-CIS states (-47.8%) and $5.2 bln with CIS states (-49.1%).
The core of Russia’s export to non-CIS states was formed by fuel and energy goods, the specific share of which totaled 68.7% (In January-February 2008 – 74.1%).
The share of fuel and energy goods in Russia’s export to CIS states totaled 40.8% of all export to these countries (-5.7% as compared with Jan-Feb 08).
Russia’s import amounted to $20.7 bln (-37.8%, year-on-year) including $18.2 bln from non-CIS states (-36.2%) and $2.5 bln from CIS states (-47.2%).
Import of machines and equipment from non-CIC countries accounted for 46% (against 54.2% in January-February 08). Import of machines and equipment from CIC countries accounted for 27.6% (against 29.4% in January-February 08).
EU is Russia’s largest foreign trade partner (49.8% of turnover). The share of CIS countries was 13.6%, EurAsEC states – 8.6%, APEC states – 22.1%.