Russia'S Textile And Footwear Imports Decreased By 35.9% This Year.

According to the information released by the General Administration of Customs of Russian Federation, Russia's imports from non Soviet countries in the 1-8 months of this year amounted to about US $103 billion 900 million, compared with the decrease of 170 billion 300 million US dollars in the same period (2014), which shows that the recession has seriously affected the purchasing power.

Among them, machinery and equipment, chemicals,

Products and

And the import amount of food decreased by 36.7%, 29.4%, 35.9% and 29.1% respectively.

Only vegetable oil, tobacco and

A few products have grown slightly.

Holland, Britain, France and other countries lost about 50% of their sales to Russia, 40% of Germany and Italy, and 57.1% of the former Soviet Union Estonia and 55.5% of Lithuania.

From the US and Japan

The amount fell by 40%, down 34.1% from China.

As for the export sector, the decline is slightly lower than that of imports, 1-7 months of this year.

The amount was reduced by 30.6% to $210 billion 500 million and the trade surplus was more than $100 billion.

Although oil and natural gas exports increased by 6.1%, they were reduced by 36.6%, due to the sharp reduction in trading prices.

In addition, although the Russian government has accelerated the import substitution scheme in the past year, it has been partly driven by the high interest rate and shortage of funds and the lack of new equipment.