The volume of goods imports to Russia is gradually recovering after a 7.8% drop in 2022 and could break the 2021 record by the end of 2023. such a guess it contains The RIA Novosti agency wrote in Roscongress’ report “Prospects for the ruble: a new factor and the coveted yuan”.
According to the report, in the first quarter of 2023 (January-March), the foreign trade surplus amounted to $29 billion, three times less than the same period of 2022.
“Two factors are at work here: Import volume, which decreased by 7.8% in 2022, is recovering. And maybe this year, if the results of January 2023 turn out to be a statistical deviation, it will exceed the record values of 2021, ”the document states.
In 2021, Russia’s purchase of goods from other countries increased by 26.5% compared to 2020, breaking the record of eight years with $296.1 billion. In the same period, exports increased by 45.7% and reached $493.3 billion. 2020.
This week, Heli Simola, Senior Economist at the Bank of Finland Institute for Emerging Economies (BOFIT) knowledgeableTrade between Finland and Russia fell below the 1999 low of 150 million euros.