Russian Federal Customs Committee: In 2011 foreign trade of Russia grew by 31,2% - to $821,3 billions
7 February 2012
According to customs statistics foreign trade of Russia amounted to USD821,3 billion, and grew by 31,2% YoY. Foreign trade with countries outside of FSU reached USD698,8 billion ( +30,7% on 2010).
Country’s trade balance was positive - USD210,7 billion, which is USD42,5 billions more than in 2010. Trade balance with non-FSU countries was USD 176,8 billion (+ USD36,5 billion).
Exports in 2011 reached USD516,0 billion, 30% more than in 2010. Exports outside of FSU accounted for USD 437,8 billion (+29,7%).
Growth of exports was totally stipulated by increased value of exported goods. The average price of exports went up by 32,9% in 2011, while volumes went down by -2,2%.
The core item of Russian exports in 2011 were oil and energy commodities, which made up 72,6% of total exports (in 2010 – 70,8%). Average export price of these commodities grew by 33%.
In 2011 Russia imported goods at total value of USD 305,3 billion, which was 33,4% more than in 2010. Imports from non-FSU countries grew by 32,4% to USD261,0 billion.
Imports to Russia increased both in terms of physical volumes (+9,1%) and goods’ price (+22,2%) The dominant share of 51% in imports belonged to machinery and appliances, in 2010 they accounted for 47%.
Value of imported machinery and appliances in 2011 increased by 43,7%, including – mechanical equipment by 40,4%, electric appliances and equipment – by 19,6%, railway vehicles – by 66,8%, road transport vehicles – by 68,0%, optical and video appliances – by 27,3%. Physical volume of imported cars went up by 46,1%, trucks – by 87,5%.
