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MIL OSI Translation. Region: Russian Federation –

Source: Central Bank of Russia – Central Bank of Russia –

Merchandise exports fell in 2023 compared to 2022, largely due to lower global commodity prices. Its value volume was around the level of 2019. Physical export volumes in 2023 were lower than in 2021 due to foreign trade restrictions.

The value of imports of goods increased compared to 2022. According to preliminary estimates, it reached the 2021 level thanks to a reorientation to suppliers from alternative regions and a parallel import mechanism.

As a result of the decline in exports and recovery in imports, the current account surplus in 2023 decreased relative to 2021-22.

Read more in the quarterly issue of information and analytical commentary “Balance of Payments of the Russian Federation”.

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Note; This information is raw content directly from the source of the information. This is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

MIL OSI News (multilanguage service)