#3 - JRL 7011
Russian state committee releases data on January-November foreign trade
Moscow, 9 January: Russia's foreign trade turnover was up by 5.2 per cent from last year and totalled 135.9bn dollars in January-November 2002, the State Customs Committee reported on Thursday [9 January].
The debit trade balance amounted to 53.3bn dollars over that period, compared to 54.5bn dollars in January-November 2001.
Russian exports increased by 2.9 per cent and came to 94.6bn dollars in January-November 2002. The higher cost of exports resulted from an increase in the physical amount of shipments, primarily fuel and energy exports, because world prices for crude oil remained at the levels seen in January-November 2001 during the same period in 2002. Prices for oil and petrol products were down 1.1 per cent.
The physical amount of crude oil export went up 8.4 per cent, while the physical amount of petroleum product export was up 19 per cent compared to during January-November 2001.
Russia's imports amounted to 41.3bn dollars in January-November 2002, which is a 10.5- per-cent increase from the previous year. The increase in imports largely resulted from larger shipments of machinery and equipment from countries outside the former Soviet Union.