What is russias trade balance
Supporting data tables for the above figures are available at the bottom of the page. Over the to period, the fastest-growing provincial exporters to Russia were Nova Scotia, British Columbia and Quebec, with average annual growth rates of In , manufactured goods accounted for This composition had changed somewhat since , when manufactured goods and resource based goods accounted for In , manufactured goods represented This composition had changed significantly since , when manufactured goods and resource-based goods represented
Trade Balance in Russia
This article provides a picture of the international trade in goods between the European Union EU and Russia. It analyses the type of goods exchanged between the two economies and the shares of each EU Member State in those exchanges.
This article is part of an online publication providing recent statistics on international trade in goods, covering information on the EU's main partners, main products traded, specific characteristics of trade as well as background information. Figure 1a shows the position of Russia among the largest traders of goods in the world in Figure 1b has some more details.
The imports and exports of goods of the EU and Russia indexed at in for the period to are shown in Figure 2. Exports from the EU were lowest in 83 and highest in Imports to the EU were lowest in 77 and highest in Exports from Russia were lowest in 60 and highest in and were 94 in Imports to Russia were lowest in , and 66 and highest in and were 85 in The position of Russia among the largest trade partners of the EU in can be seen in Figure 3a.
Figure 4 shows the exports, imports and trade balance between the EU and Russia from to The trade deficit remained throughout the whole period, reaching EUR 56 billion in Both exports to and imports from Russia increased between and Finally, other goods are shown in green.
Six each belonged to machinery and vehicles and other manufactured products, four to energy, three to chemicals and one to other products. The most traded product group at this level was petroleum oils, crude.
These ratios can be found in the right-hand margin of Figure 7. Table 1a shows the imports of goods from Russia by Member State. Finland Table 1b shows the exports of goods to Russia by Member State. Latvia It shows that six Member States had a trade surplus with Russia. Twenty-one Member States that had a trade deficit with Russia.
It provides access not only to both recent and historical data from the EU Member States but also to statistics of a significant number of third countries. International trade aggregated and detailed statistics disseminated via the Eurostat website are compiled from COMEXT data according to a monthly process. Data are collected by the competent national authorities of the Member States and compiled according to a harmonised methodology established by EU regulations before transmission to Eurostat.
For extra-EU trade, the statistical information is mainly provided by the traders on the basis of customs declarations. EU data are compiled according to Community guidelines and may, therefore, differ from national data published by the Member States. In other words, the EU is considered as a single trading entity and trade flows are measured into and out of the area, but not within it. The EU data reflect the political change in the EU composition. However, the United Kingdom is still part of the internal market until the end of the transitory period, meaning that data on trade with the United Kingdom are still based on statistical concepts applicable to trade between the EU Member States.
As a consequence, while imports from any other extra-EU trade partner are grouped by country of origin, the United Kingdom data reflect country of consignment. In practice this means that the goods imported by the EU from the United Kingdom were physically transported from the United Kingdom but part of these goods could have been of other origin than the United Kingdom. For this reason data on trade with the United Kingdom are not fully comparable with data on trade with other extra-EU trade partners.
According to EU concepts and definitions, extra-EU trade statistics trade between EU Member States and non-EU countries do not record exchanges involving goods in transit, placed in a customs warehouse or given temporary admission for trade fairs, temporary exhibitions, tests, etc.
The partner is the country of final destination of the goods for exports and the country of origin for imports. Information on commodities exported and imported is presented according to the Standard international trade classification SITC.
Trade values are expressed in millions or billions 10 9 of euros. They correspond to the statistical value, i. The bloc is deeply integrated into global markets both for the products it sources and the exports it sells.
Because the 27 EU Member States share a single market and a single external border, they also have a single trade policy. EU Member States speak and negotiate collectively, both in the World Trade Organization , where the rules of international trade are agreed and enforced, and with individual trading partners. This common policy enables them to speak with one voice in trade negotiations, maximising their impact in such negotiations.
This is even more important in a globalised world in which economies tend to cluster together in regional groups. Thanks to the ease of modern transport and communications, it is now easier to produce, buy and sell goods around the world which gives European companies of every size the potential to trade outside Europe.
Tools What links here Special pages. This is the stable Version. Jump to: navigation , search. Data extracted in March Planned article update: March Imports, exports and trade balance between the EU and Russia, Full article. EU and Russia in world trade in goods Figure 1a shows the position of Russia among the largest traders of goods in the world in Source data for tables and graphs EU - Russia international trade in goods statistics - graphs and tables. Methodology According to EU concepts and definitions, extra-EU trade statistics trade between EU Member States and non-EU countries do not record exchanges involving goods in transit, placed in a customs warehouse or given temporary admission for trade fairs, temporary exhibitions, tests, etc.
Product classification Information on commodities exported and imported is presented according to the Standard international trade classification SITC. Unit of measure Trade values are expressed in millions or billions 10 9 of euros. Direct access to. International trade in goods Extra-EU trade in goods. International trade in goods. Top 5 partners in trade in goods My Country in a bubble. European Commission Globalisation Trade.
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Russia's Trade Balance recorded a surplus of USD bn in Feb , compared with a surplus of USD bn in the previous month. Russia's Trade Balance. Russia - Trade Balance. Trade surplus continues shrinking in January amid contracting exports. Merchandise exports contracted for the ninth consecutive month.
This article provides a picture of the international trade in goods between the European Union EU and Russia. It analyses the type of goods exchanged between the two economies and the shares of each EU Member State in those exchanges. This article is part of an online publication providing recent statistics on international trade in goods, covering information on the EU's main partners, main products traded, specific characteristics of trade as well as background information. Figure 1a shows the position of Russia among the largest traders of goods in the world in Figure 1b has some more details.
Login CDMNext. Russia's Trade Balance recorded a surplus of
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Russia-EU – international trade in goods statistics
The trade surplus in Russia narrowed sharply to USD 9. Exports tumbled Meantime, imports went up 1. Balance of Trade in Russia averaged This page provides - Russia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.
List of the largest trading partners of Russia
Latest trade data available from various sources. Please note : The data from various sources are not from the same year. For viewing trade, tariff data for country or region by year click here. Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage. Overall Exports and Imports. Definition Total number of products exported by a country at the Harmonized System six digit level in any given year. Last Updated Jan Definition Number of countries to whom a particular country exports data in any given year.
Merchandise exports contracted for the ninth consecutive month at the outset of the year, falling 4. Meanwhile, merchandise imports rose 3.
