Exports of goods decline, imports recover in 2023
30 января 2024 года
Новости
In 2023, exports of goods declined compared to 2022 mainly due to lower global commodity prices. The value of goods exports was close to 2019. In 2023, export quantities were below those in 2021 because of external trade restrictions.
The value of goods imports increased compared to 2022. According to preliminary estimates, it reached the 2021 level owing to a focus on suppliers from alternative regions and the parallel import mechanism.
As exports contracted and imports recovered, the current account surplus was down in 2023 compared to
Find details in the quarterly issue of the information and analytical commentary Russia’s Balance of Payments.
Preview photo: Weerasak Saeku / Shutterstock / Fotodom