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You are here : World News – Russian opinion» RUSSIA» Russia’s international commerce turnover up 12% towards pre-pandemic ranges

Russia’s international commerce turnover up 12% towards pre-pandemic ranges

Posted By Russian Opinion. Under RUSSIA  Tags: Against, foreign, levels, prepandemic, Russia's, Trade, turnover  

Russia’s international commerce turnover has grown by 12% in comparison with its pre-pandemic degree of 2019 and is anticipated to achieve $ 720 billion in 2021, in keeping with information from the Federal Customs Service.

“You realize, every little thing is creating below a fairly optimistic situation. We’ve a reasonably respectable international commerce turnover, and it continues to develop. And never solely compared to the disastrous final yr – even in comparison with 2019, we’ve got progress of 12%,” Ruslan Davydov, first deputy head of the FCS, instructed Izvestia newspaper.

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In keeping with Davydov, 2019’s indicators shall be exceeded this yr, and the entire commerce turnover for 2021 is anticipated to achieve $ 720 billion.

“In the meanwhile the commerce turnover is $ 480 billion. Imports are $ 187 billion, and exports are $ 291 billion,” he stated, noting constructive commerce stability has been reached primarily attributable to vitality, which makes up two-thirds of Russia’s exports.

Earlier experiences by the Eurostat statistics company confirmed substantial progress in commerce turnover between Russia and the EU international locations. It amounted to $ 130.eight billion within the first six months of 2021, 25.eight% greater than final yr, and made Russia the EU’s third-largest exporter and the fifth-largest importer of European items.

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IMF switch pushes Russia’s worldwide reserves to historic excessive

In the meantime, international gross sales of Russian agricultural merchandise noticed a hefty year-on-year progress of 18% in 2021, the nation’s Ministry of Agriculture stated this week. In financial phrases, this progress amounted to some $ 20 billion, principally attributable to hovering exports of grains and oil and fats produce.

For extra tales on financial system & finance go to RT’s enterprise part

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