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Russian Trade Profile - Research Paper Example

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 This paper analysis Russian trade profile by looking at the trends in the balance in trade and the membership to free trade areas. The European Union is the major trading partner of Russia. It commands to about 50% of total trades with the nation.  …
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Russian Trade Profile
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Russian Trade Profile

Download file to see previous pages... With regards to imports, the nation brings in food, pharmaceuticals, foot wear, textiles and ground transports (Lalayants p 41). The principal trading partners of Russia include China that controls 7% of total exports and 10% of total imports. Germany dominates over 7% of exports and about 8% of the total imports.In 2013, the Russia Federation's merchandise exports reduced by 1.1% despite the fact that the exports increased by 11.2%. This was a poor performance in relation to the Asia-Pacific's collective growth of 2.1% in merchandise exports, but higher than the region's 4.9% rise in service exports. The service imports grew by 18.2% while the merchandise imports rose by 2.2%. This trade surplus remained stable reaching $ 180 billion in 2013 as shown in figures 1 and 2. This resulted in the growth of GDP and GDP per capita ("Asia-Pacific Trade Briefs: Russian Federation").Russia also experiences the largest expansion in FDI inflows in 2013, that increased with 56.7% to $ 79 billion. This growth has been strong since 2011 surpassing the regional total of 6.6% for 2012 whereby the outflows were larger than the inflows. The outflows in 2013 grew by 94% reaching $ 95 billion as shown in figures 1 and 3 ("Asia-Pacific Trade Briefs: Russian Federation").Cyprus was Russia's largest investment accounting for 18% of the FDI inflows. It reflected her repatriation of the earlier investments caused by the Cyprus financial problems. This resulted in the creation of more employment. ...Download file to see next pagesRead More
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