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Structural Changes in Russian Exports |
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| รหัสดีโอไอ | |
| Creator | Oksana N. Berduygina |
| Title | Structural Changes in Russian Exports |
| Contributor | - |
| Publisher | TuEngr Group |
| Publication Year | 2563 |
| Journal Title | International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies |
| Journal Vol. | 11 |
| Journal No. | 15 |
| Page no. | 11A15K: 1-11 |
| Keyword | Export potential, Commodity structure, Export diversification, Economic growth, Structural changes, Sustainable development. |
| URL Website | http://TuEngr.com/Vol11_15.html |
| Website title | ITJEMAST V11A(15) 2020 @ TuEngr.com |
| ISSN | 2228-9860 |
| Abstract | Sustainable economic development does not only have the export volume and growth rate, but also its qualitative structure. This problem confirms that non-energy commodity exports need encouragement. Recent economic crises have shown that the fragile economic growth in Russia strongly depends on volatile conditions in global commodity markets. They also have accentuated a need in priority rethinking. This research explores the dynamics of the commodity structure in Russian exports in 2008-2019. Having evaluated the export potential and structural changes, we identified key trends that the export structure diversification was slight. There were the largest positive structural changes in groups of foods and agricultural raw materials, metals and metal products, textiles, textile products, and shoes. There was a decrease in export shares of mineral and chemical products, machinery, equipment, and vehicles. 2015-2016 became a turning point for export structural changes. The data obtained show that export growth rates exceed growth rates of GDP and those in the share of non-energy non-resource exports. At the same time, in terms of the export quota, the involvement in international trade is mild-moderate. In value terms, in the period under review, Russian exports revealed a steady trend towards contraction. In the medium and long term, the commodity status of Russian exports dominates against the background of changes to priority commodity groups. We obviously need a transition to another type based on the growth in the sectors that are a part of the inward-oriented group. |
