Russian Foreign Trade In The 21st Century: Trends And Prospects


The foreign economic sector plays an important role in the development of the Russian economy. Over the twenty-year period since 2000, the structure of foreign trade relations of the country has undergone a number of changes. The article analyzes the geographical orientation of Russian foreign trade turnover, as well as its relationship with the commodity structure of exports and imports. It is revealed how the restrictions on economic activity introduced in 2020 affected the state of foreign trade of the Russian Federation. The main consequence of the COVID-19 pandemic was the acceleration of the downward trend in hydrocarbon consumption in the global economy, which makes Russia's position very vulnerable. In this regard, it is of particular interest to find export destinations that could partially offset the decrease in energy exports. According to the results of 2020, such areas were the export of precious metals, as well as food and agricultural raw materials. The latter direction seems to be the most promising, since it allows you to increase the degree of redistribution of products exported from Russia, as well as attract investments in the agricultural sector. In addition, the largest consumers of Russian agricultural raw materials and food are the countries of the Asia-Pacific region, which gradually takes the position of priority in Russian foreign trade.

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