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Russia’s Foreign Trade in 2019: Stabilization of Non-Oil and Gas Exports

Alexander Yu. Knobel – Head of Foreign Trade Department of the Gaidar Institute; Director of Center for Foreign Trade Department of the Russian Presidential Academy of National Economy and Public Administration, Candidate of Economic Sciences (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Alexander S. Firanchuk – Senior Researcher of the Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

In 2019, exports of fuel and energy commodities decreased by 8.8% as compared with the previous year on the back of a drop in global prices of energy commodities. Non-oil and gas exports declined by 0.8% in value terms because of depreciation of global prices of some commodities of this group that failed to be compensated by weak growth in the volume of exports (+1.5%). From July, imports surpassed the index values of the previous year, having increased by 2.2% over the year.

Key words: foreign trade, export, import, rate of exchange.