Slowdown of import to Russia

The Federal Customs Service released data on the Russian imports from non-CIS states (about 90% of total import to Russia) in September 2012. After a rise in 2010 and the first half of 2011, import in value terms has increased slightly this year, considering the inflation.

For the first nine months of 2012, import in value terms was $ 196.5 billion, and that is only 4.5% more than for the same period in 2011. The import of engineering products fell down – the biggest import drop was in September 2012 compared to September 2011 (by 5.1%). Import of textiles and shoes also decreased by 2.1% in September 2012 compared to September 2011.

There are two large groups of imported goods where statistics show the increase of import in value terms. Food supply increased by 12.1%, and chemical products – by 4%.

The import increase of food products concerned grain – it increased by 2.3 times, sugar – by 44.3%, tobacco – by 34.1%, meat and by-products – by 33.7%, dairy products – by 19.1%, alcoholic and non-alcoholic beverages – by 13.2%, fruits – by 10.2%. Meanwhile, the import of vegetables decreased by 6%.

Source: www.tks.ru