During the “quarantine spring” exports from Russia fell by a third, which was the highest fall in 2015, according to a study FinExpertiza. Most of the Russian Federation lost on the sales of energy products, due to reduced demand and oil prices. Not popular with importers and products tajprom, machines and equipment from Russia. However, the sale of two product categories, on the contrary, has increased: this is precious metals and food. It seems the pandemic has put everything in its place, and the “black gold” gave way to the real gold.
quarantine For three months, our country has earned from exports of $75 billion, which is 30% less than last year. The fall was about the same as in the first half of 2015, when the sanctions collapsed the ruble and has undermined trade relations.
because of the paralysis of the world economy from March to may Russia sold energy is almost two times less than last year, and earned just $37,7 billion dipped Considerably and exports to another major category, metals and products from them (minus 22% to $7.9 billion). Less steel to buy from Russia machinery, equipment, vehicles, and chemical industry products.
During a pandemic, the demand structure has changed. Because the company did not work, energy, and equipment were not needed. But the finished food – on the contrary. Export foodstuffs and agricultural products from Russia increased by 24%, to $6.9 billion More active buyers rushed to buy precious stones, precious metals and articles thereof exports increased more than twice, bringing our country $6.2 billion.
“Gold and precious metals – a traditional safe-haven assets, protecting investors in a crisis, so the demand for them has increased” – explains head of analytical Department AMarkets Artem Deev.
Is preparing for the change of structure of Russian exports after the recovery of the world economies, according to FinExpertiza Elena Trubnikova. “It’s not clear if they will need the world as much as hydrocarbons and fuel as before,” she said.
Energy prices – the main export goods of Russia, which now does not bring as much income as before. On the background of fluctuations of oil prices jumped and the ruble. The stable exchange rate important for the restoration of international trade: a too strong dollar leads to higher prices of imported goods, and an overly strong ruble to decline in revenues from exports.
“during the crisis, the authorities have focused on the support of the population and the economy. That takes money, and now the Treasury loses revenues because of falling demand and cheaper oil. It is therefore important to maintain an acceptable dollar in tandem with the ruble,” – said the Deev.
