Share of non-energy goods in Russian exports rises to 80% from 67% — official

Business & Economy December 21, 2023, 20:45

First Deputy Prime Minister Andrey Belousov added that the total volume of imports has already exceeded the figures for 2021 and has grown to around $300 bln

MOSCOW, December 21. /TASS/. The share of non-resource non-energy goods in Russian exports reached 84% compared to 67% in 2021, Russia’s First Deputy Prime Minister Andrey Belousov said on Thursday.

"The growth in physical volumes of non-resource, non-energy exports to the markets of friendly countries amounted to over 20% by 2021 and their share in Russian exports reached 84% against 67% in 2021," he said.

At the same time, he noted that the share of imports from unfriendly countries to Russia decreased to 29% in 2023 in comparison with 35% in 2022. "Limiting Russia’s supply of imported goods was one of the goals in order to destabilize the socio-economic situation in our country. Taking into account the fact that in 2021 unfriendly countries accounted for about 50% of all imports, this was extremely dangerous. But already in 2022, the share of imports from unfriendly countries decreased to 35% and to 29% in 2023," he said.

Belousov added that the total volume of imports has already exceeded the figures for 2021 and has grown to around $300 bln. Belousov clarified that this was reached by launching a parallel import mechanism, through which necessary goods worth more than $70 bln were imported into the country.

The share of settlements in rubles and friendly currencies in 2023 increased to 65%, he said. "In 2023, the total share of the ruble and the national currencies of friendly countries will be 65% in payments for the export and import of goods and services. For comparison, in 2021 it was only 22%," Belousov noted.

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