RUSSIAN FOREIGN TRADE

Factors contributed to the decline of the early 1990s:  the collapse of CoMECon and trade relations with Eastern/Central Europe;  the rapid decline of the domestic demand for imports;  contraction in foreign currency reserves;  a decline in the real exchange value of the ruble;  the Government's imposition of high tariffs, VATs, and excise taxes on imports;  the reduction of state subsidies on some key imports;  declining production of crude oil, a key export

Foreign Trade Dynamics January-October mln.USD

Foreign Trade of Russia with foreign countries (non-CIS) in billion US dollars ($) Russian Export (FOB) 42,263,789,385, , 2 152, 2208,6 Russian Import (CIF) 3733,222,330,73644,257,879,6 Trade Turnover 79,496,9 111, 6 116, Balance 5,430,56754,

Export development trends

2005 ALL GROUPS OF PRODUCTSExport (%)Import (%) 1 Food Products and Agricultural Raw Materials Mineral Goods (Gas, Oil, Petrol, Ores, Coal, etc Chemicsl products Leather Raw Materials, Furs and their products Wood, Timber, Pulp and Paper Goods3.4 6Textiles and Footwear Precious Stones and Precious Metals Ferrous and Non-Ferrous Metals and Products Machinery, Equipment and Transport Equipment Other Goods TOTAL100

Commodity structure of Russian export (%) non – CIS countries

Energy prices – Russian Export (excl. CIS)

Commodity structure of Russian import non – CIS countries (%)

Main trading partners January-October 2003 January-April 2004 May-October 2005 Country/ group of countries Share (%) Country/g roup of countries Share (%) Country/ group of countries Share (%) EU-1536,2EU-1536,7EU-2548,8 Candidate countries13,5 Candidate countries13,1 USA3,9USA3,3USA4,1 APEC16,1APEC16,1APEC17,1 CIS17,4CIS17,9CIS18,5