Reports on Russian trade in goods with Asian countries in Q1 2020

MOSCOW, Russian Federation - June 8, 2020 - PRLog -- Russian Foreign Trade has released the reports on Russia's foreign trade in goods with the countries of Asia in the first quarter of 2020.

A brief review of Russia's trade with Asian countries in the 1st quarter of 2020

The share of Asian countries in Russia's total trade (exports and imports) rose from 38.57% in the 1st quarter of 2019 to 41.00% in the 1st quarter of 2020.

The share of Asian countries in Russia's total exports rose from 35.51% in the 1st quarter of 2019 to 39.93% in the 1st quarter of 2020.

The share of Asian countries in Russia's total imports declined from 44.59% in the 1st quarter of 2019 to 42.79% in the 1st quarter of 2020.

The major trading partners of Russia in Asia in the 1st quarter of 2020:
- The top ten Russia's trade partners in Asia in the 1st quarter of 2020 were China (17.2635% of Russia's total foreign trade), Turkey (3.9231%), South Korea (3.4864%), Japan (3.0028%), Kazakhstan (2.9908%), India (1.5941%), Uzbekistan (0.8654%), Vietnam (0.7909%), Taiwan (0.7902%), the United Arab Emirates (0.7045%);
- The top ten Russia's export markets in Asia in the 1st quarter of 2020 were China (14.5681% of Russia's total exports), Turkey (4.9075%), South Korea (3.8262%), Kazakhstan (3.5502%), Japan (2.7535%), India (1.4508%), Uzbekistan (1.0860%), the United Arab Emirates (1.0597%), Taiwan (0.7619%), and Azerbaijan (0.5606%);
- The top ten Russia's import suppliers from Asia in the 1st quarter of 2020 were China (21.7752% of Russia's total imports), Japan (3.4201%), South Korea (2.9176%), Turkey (2.2754%), Kazakhstan (2.0544%), India (1.8339%), Vietnam (1.6163%), Taiwan (0.8377%), Indonesia (0.8004%), and Thailand (0.7238%).

The most notable changes in Russia's trade with the countries of Asia in the 1st quarter of 2020 over the 1st quarter of 2019:
- The share of Kazakhstan in Russia's total exports rose from 2.6793% in the 1st quarter of the 2019 to 3.5502% in the 1st quarter of the 2020;
- The share of the United Arab Emirates in Russia's total exports rose 3.3-fold from 0.3185% in the 1st quarter of the 2019 to 1.0597% in the 1st quarter of the 2020;
- The share of Thailand in Russia's total exports declined 3.2-fold from 0.2302% in the 1st quarter of the 2019 to 0.0710% in the 1st quarter of the 2020.

The reports are publicly available here: https://en.russian-trade.com/reports-and-reviews/2020-05/...

For more information on Russian foreign trade, visit https://en.russian-trade.com/