2007 1 - July Growth Of Russian Foreign Trade Volume

According to statistics released by the General Administration of Customs of Russia, Russia's foreign trade volume was 286 billion 700 million US dollars in 1 to July 2007, an increase of 20.9% over the same period last year, of which the trade volume with the far away countries was 242 billion 700 million dollars, an increase of 19.7%; the trade volume with the CIS countries was 44 billion US dollars, an increase of 28.1%.

From 1 to July, Russia's trade surplus was US $82 billion 500 million, compared with us $100 billion in the same period last year.

From 1 to July, Russian exports totaled US $184 billion 600 million, an increase of 9.5% over the same period last year, of which exports to distant countries amounted to US $156 billion 800 million, an increase of 7.6%. The volume of exports to CIS countries was US $27 billion 800 million, an increase of 21.3%.

In Russia's export commodity structure to distant countries, fuel energy products occupy an important proportion, reaching 66.1% (71.1% in the same period in 2006), metals and their products accounted for 16% (13%), chemical products 5.7% (5%), wood and pulp, paper products 3.8% (3.2%), machinery and equipment 3.1% (2.9%).

Here, Russia exported crude oil to distant countries 1.284 million tons, an increase of 4.4% over the same period last year.

In June 2007, Russian oil prices set a record of $474.7 per ton, which continued to rise to 507.1 dollars per ton in July.

From 1 to July, Russian oil exports to distant countries increased by 3.1% compared with the same period last year, of which jet fuel exports increased by 25.4%, heavy oil exports increased by 10.3%, raw coal 10.3%, coke 49.6%, methanol 20%, potash fertilizer 27.1%, sawn timber 9%, iron alloy 10.6%, aluminum 14%, heavy truck - 14%.

From 1 to July, Russia accounted for 37.6% of the export structure of the CIS countries, compared with 43.3% for the fuel industry, and 14.2% (11.7%) for metals and their products, 9.5% (9.2%) for chemical products, 21% (19.8%) for machinery and equipment.

From 1 to July, the total volume of crude oil exports and the volume of exports of the CIS countries increased by 10.1% and 14.7% respectively over the same period last year.

Here, Russia's volume of physical products exported to CIS countries increased by 78.8%, of which 69.8% for motor gasoline, 75.6% for jet fuel, 61% for diesel and 2.2 times for heavy oil.

The export value of machinery and equipment increased by 27.1%, the export value of chemical products increased by 27.1%, the export value of metals and their products increased by 49.5%, the volume of iron and non alloy steel products increased by 56.7%, the volume of iron and non alloy steel semi-finished products increased by 12.6%, the volume of copper increased by 2.8 times, the volume of nickel exports increased by 30.9%, the volume of aluminum exports increased by 36.6%, the amount of compound fertilizer exports increased by 5.5%, the volume of rubber exports increased by 6.3%, the volume of timber exports increased by 37.2%, the volume of timber exports increased, the volume of timber exports increased, the volume of car exports increased, and the volume of truck exports increased.

From 1 to July, Russian imports totaled $102 billion 100 million, an increase of 48.8% over the same period last year, of which Russia imported 85 billion 900 million yuan from distant countries, an increase of 50.2% over the same period last year, and imports from the Commonwealth of Independent States 16 billion 200 million US dollars, an increase of 41.8% over the same period.

In Russia, the import of machinery and equipment accounted for a large proportion (53% in 2006 compared with 50.2% in the same period in the world), and 14.9% (16.1%) of food and raw materials, 14.6% of chemical products (17.7%), and 6% of metal and its products (4.8%).

Here, the volume of fresh meat and frozen meat imported from Russia far increased by 17.3%, the volume of imported fresh fish and frozen fish increased by 30.6%, the quantity of imported oranges was 12.8%, the amount of imported coffee was 25.9%, the quantity of imported medicine was 10.2%, the physical quantity of imported rubber was 19.3%, the imported steel tube was 55.9%, the import vehicle volume was 56.7%, the import truck load was 96.8%, the physical quantity of imported wood and pulp, paper products, 31.6%, the quantity of imported garments, 1.1 times, and the import volume of shoes were more than 1.1 times.

From 1 to July, the volume of fresh meat and frozen meat imported from the Commonwealth of Independent States increased by 22.1 times, the volume of imported fresh fish and frozen fish increased by 17.9%, the amount of imported tea, 32%, the amount of sunflower seed oil, 16.8%, the amount of imported chocolate and cocoa products, 37.5%, the volume of imported medicine, 17.8%, the physical content of imported black metal 45%, the import steel tube volume 33.3%, the import vehicle volume 60.9%, and the imported truck load volume 1.2 times.

From 1 to July, the EU played a special role in Russia's foreign trade structure as its largest economic partner. Its trade volume with Russia accounted for 51.8% of Russia's total foreign trade (55.8% in the same period in 2006), and the CIS accounted for 15.3% (14.5% in 2006), Eurasian Economic Community 8.8% (8.1%), Asia Pacific countries - 18.8% (16.3%).

The Russian customs department pointed out that from 1 to July, Russia's main trading partner in the far away countries was Germany - US $26 billion 900 million (an increase of 14.2% over the previous year), Holland - 23 billion 900 million US dollars (12.5%), China - 20 billion US dollars (42.6%), Italy - 18 billion 700 million dollars (6.9%), Turkey - 11 billion 700 million dollars (30%), Japan - 30% dollar (30%), Poland - US dollar (US), US - US dollar (US), UK - US $(US), Finland - US dollar.