ECONOMIC DEVELOPMENTS IN RUSSIA.pptx

8/13/2019 ECONOMIC DEVELOPMENTS IN RUSSIA.pptx

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ECONOMIC DEVELOPMENTS IN

RUSSIA


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INTRODUCTION (ABOUT RUSSIA) Situated in Northern Eurasia The economy of Russia is the ninth largest economy in

the world by nominal value and the sixth largest bypurchasing power parity (PPP)

Officially known as the European Federation Largest country in the world Russia is the world's leading natural gas exporter and the

second leading oil exporter.

Oil, natural gas, metals, and timber account for morethan 80% of Russian exports abroad Population : 14.20 Crores (approx) Sex Ratio : 0.86 Male/Female


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Contd

Age Structure0-14 years 14.9 %

15-64 years 71.8%

65 and Above 13.3 %


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Russian Economy

Russia has been growing steadily sincefinancial crisis of 1998


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ExportsThe following export product groups represent the highest dollar value inRussian global shipments during 2012. Also shown is the percentage shareeach export category represents in terms of overall exports from Russia. Mineral fuels including oil: $375,423,947,000 (71.6% of total exports) Iron and steel: $22,601,664,000 (4.3%)

Fertilizers: $11,176,846,000 (2.1%) Inorganic chemicals: $7,835,699,000 (1.5%) Machinery: $7,609,061,000 (1.5%) Aluminum: $7,281,329,000 (1.4%) Wood: $6,731,569,000 (1.3%) Cereals: $6,246,547,000 (1.2%) Copper: $5,787,339,000 (1.1%) Organic chemicals: $4,516,890,000 (0.9%)


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Contd.. Exports in Russia increased to 41587 USD Million in June of 2013 from 41436 USD

Million in May of 2013

Russia is the fifth largest economy in the world and is a leading exporter of oil andnatural gas. Russia main exports are oil and natural gas (58 percent of totalexports),


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What do we mean by Imports? An import is any good or service brought into one

country from another country in a legitimatefashion, typically for use in trade. Import goods orservices are provided to domestic consumers byforeign producers.

An import in the receiving country is an export tothe sending country. Import of goods normallyrequires involvement of the Customs authoritiesin both the country of import and the country ofexport and is often subject to import quotas,tariffs and trade agreements.


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Agricultural (Major Producers)

Wheat Barley

Oats Corn Millet Buckwheat Rice and Soyabeans


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Fishing

Fishing Russia's fishing industry is one of thelargest in the world. In the early 1990s theannual catch was about 9.2 million metrictons.


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Balance of trade recorded a trade surplus of 13647 USD Million in June of 2013

Balance of Trade averaged 8421.06 USD Million from 1997 until 2013

Russia runs regular trade surpluses primarily due to exports of commodities

Russia main exports are oil and natural gas (58 percent of total exports), nickel,palladium, iron and chemical products

Main trading partners are: China (7 percent of total exports and 10 percent ofimports), Germany (7 percent of exports and 8 percent of imports) and Italy.


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Thank you

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ECONOMIC DEVELOPMENTS IN RUSSIA.pptx