Russian Economy General News: #5

Austin wrote:Russia’s Top 10 Exports

http://www.worldstopexports.com/russias-top-10-exports/2350

In 2014, exports from Russia amounted to US$492.1 billion, up 23.9% since 2010. Russia’s top 10 exports accounted for three-quarters (75%) of the overall value of its global shipments.

Based on statistics from the International Monetary Fund’s World Economic Outlook Database, Russia’s total Gross Domestic Product amounted to $3.548 trillion in 2015.

Therefore, exports accounted for about 13.9% of total Russian economic output.

Given Russia population of 142.5 million people, the total $492.1 billion in 2014 Russian exports translates to roughly $3,454 for every person in the country.

Russia’s Top 10 Exports

The following export product groups represent the highest dollar value in Russian global shipments during 2014. Also shown is the percentage share each export category represents in terms of overall exports from Russia.

   Oil: US$288,361,702,000 (58.6% of total Russian exports)
   Iron and steel: $20,202,919,000 (4.1%)
   Gems, precious metals, coins: $11,579,099,000 (2.4%)
   Machines, engines, pumps: $8,985,440,000 (1.8%)
   Fertilizers: $8,909,523,000 (1.8%)
   Wood: $7,638,190,000 (1.6%)
   Cereals: $6,972,489,000 (1.4%)
   Aluminum: $6,298,128,000 (1.3%)
   Inorganic chemicals: $5,079,839,000 (1.0%)
   Copper: $4,873,518,000 (1%)

Karl Haushofer wrote:

Austin wrote:Russia’s Top 10 Exports

http://www.worldstopexports.com/russias-top-10-exports/2350

In 2014, exports from Russia amounted to US$492.1 billion, up 23.9% since 2010. Russia’s top 10 exports accounted for three-quarters (75%) of the overall value of its global shipments.

Based on statistics from the International Monetary Fund’s World Economic Outlook Database, Russia’s total Gross Domestic Product amounted to $3.548 trillion in 2015.

Therefore, exports accounted for about 13.9% of total Russian economic output.

Given Russia population of 142.5 million people, the total $492.1 billion in 2014 Russian exports translates to roughly $3,454 for every person in the country.

Russia’s Top 10 Exports


The following export product groups represent the highest dollar value in Russian global shipments during 2014. Also shown is the percentage share each export category represents in terms of overall exports from Russia.

   Oil: US$288,361,702,000 (58.6% of total Russian exports)
   Iron and steel: $20,202,919,000 (4.1%)
   Gems, precious metals, coins: $11,579,099,000 (2.4%)
   Machines, engines, pumps: $8,985,440,000 (1.8%)
   Fertilizers: $8,909,523,000 (1.8%)
   Wood: $7,638,190,000 (1.6%)
   Cereals: $6,972,489,000 (1.4%)
   Aluminum: $6,298,128,000 (1.3%)
   Inorganic chemicals: $5,079,839,000 (1.0%)
   Copper: $4,873,518,000 (1%)

Is natural gas included in oil exports?

sepheronx wrote:

bmtppk wrote:dear god so dense lol



US didnt add sanctions on all the people , they specifically wanted to avoid that. Only those in the inner circle /putins friends/  and 5 companies recieved it. And thats about 30 -35 people.  But...putin's buttbuddies were gonna have none of that cuz that means they cant spend the peoples' hard earned money to use it for their vacations in foreign countries( how funny, all the politicians prefer to visit foreign countries instead of vacationing in russia) or invest it into foreign banks.

So ''to make it fair'' for his friends your god and lord putin made new laws and sanctions and taxes on everyone so its very difficult to visit a foreign country ..basically just like his homies have it

Provide proof that additional taxes were added please. Cause they placed counter sanctions and a black list of politicians unwanted in Russia. Nothing about tourists. Someone here recently went to Sochi, no problem.

sepheronx wrote: HeNeArKrXeRn is the member here who recently (month or two ago) to Sochi.  Cost of flight was as expensive as to fly to India, and hotels were a bit cheaper than here with food being much cheaper and booze.  I was given numbers but it is up to him to speak about it.

Maximmm also recently went to Moscow I think.  Then there is of course this: http://russia-insider.com/en/business/impressions-moscow-point-improving-economy/ri8990

Karl Haushofer wrote:

sepheronx wrote: HeNeArKrXeRn is the member here who recently (month or two ago) to Sochi.  Cost of flight was as expensive as to fly to India, and hotels were a bit cheaper than here with food being much cheaper and booze.  I was given numbers but it is up to him to speak about it.

Maximmm also recently went to Moscow I think.  Then there is of course this: http://russia-insider.com/en/business/impressions-moscow-point-improving-economy/ri8990

It is good to hear that things are still going well (or even improving) in Moscow but what about the other parts of the country? St.Petersburgh, Kazan, Rostov-on-don, Novosibirsk, Yekaterinburg, Omsk, Vladivostok, Samara etc.?

Karl Haushofer wrote:It is good to hear that things are still going well (or even improving) in Moscow but what about the other parts of the country? St.Petersburgh, Kazan, Rostov-on-don, Novosibirsk, Yekaterinburg, Omsk, Vladivostok, Samara etc.?

Ivan the Colorado wrote:

Karl Haushofer wrote:

sepheronx wrote: HeNeArKrXeRn is the member here who recently (month or two ago) to Sochi.  Cost of flight was as expensive as to fly to India, and hotels were a bit cheaper than here with food being much cheaper and booze.  I was given numbers but it is up to him to speak about it.

Maximmm also recently went to Moscow I think.  Then there is of course this: http://russia-insider.com/en/business/impressions-moscow-point-improving-economy/ri8990

It is good to hear that things are still going well (or even improving) in Moscow but what about the other parts of the country? St.Petersburgh, Kazan, Rostov-on-don, Novosibirsk, Yekaterinburg, Omsk, Vladivostok, Samara etc.?

They are also improving. I visited Nizhniy Novogorod as well as Moskva two months ago. I have been going to Russia constantly every summer. Gorky has changed and improved so much over the last 15 or so years and will continue to do so especially with the World Cup around the corner.

zg18 wrote:

Karl Haushofer wrote:It is good to hear that things are still going well (or even improving) in Moscow but what about the other parts of the country? St.Petersburgh, Kazan, Rostov-on-don, Novosibirsk, Yekaterinburg, Omsk, Vladivostok, Samara etc.?

If you are interested  , i strongly recommend Russian section of Skyscrapercity.forum

http://www.skyscrapercity.com/forumdisplay.php?f=345

Lot of construction going on across the country.

Karl Haushofer wrote:

Ivan the Colorado wrote:

Karl Haushofer wrote:

sepheronx wrote: HeNeArKrXeRn is the member here who recently (month or two ago) to Sochi.  Cost of flight was as expensive as to fly to India, and hotels were a bit cheaper than here with food being much cheaper and booze.  I was given numbers but it is up to him to speak about it.

Maximmm also recently went to Moscow I think.  Then there is of course this: http://russia-insider.com/en/business/impressions-moscow-point-improving-economy/ri8990

It is good to hear that things are still going well (or even improving) in Moscow but what about the other parts of the country? St.Petersburgh, Kazan, Rostov-on-don, Novosibirsk, Yekaterinburg, Omsk, Vladivostok, Samara etc.?

They are also improving. I visited Nizhniy Novogorod as well as Moskva two months ago. I have been going to Russia constantly every summer. Gorky has changed and improved so much over the last 15 or so years and will continue to do so especially with the World Cup around the corner.

I can believe that it looks better now than it looked 15 years ago. However, sustained improvements to infrastructure require economic growth. Russia must go back to growth sooner or later or otherwise the infrastructure will start to decline because money will run out.

Austin wrote:Russia’s Top 10 Exports

http://www.worldstopexports.com/russias-top-10-exports/2350

In 2014, exports from Russia amounted to US$492.1 billion, up 23.9% since 2010. Russia’s top 10 exports accounted for three-quarters (75%) of the overall value of its global shipments.

Based on statistics from the International Monetary Fund’s World Economic Outlook Database, Russia’s total Gross Domestic Product amounted to $3.548 trillion in 2015.

Therefore, exports accounted for about 13.9% of total Russian economic output.

Given Russia population of 142.5 million people, the total $492.1 billion in 2014 Russian exports translates to roughly $3,454 for every person in the country.

Russia’s Top 10 Exports

The following export product groups represent the highest dollar value in Russian global shipments during 2014. Also shown is the percentage share each export category represents in terms of overall exports from Russia.

   Oil: US$288,361,702,000 (58.6% of total Russian exports)
   Iron and steel: $20,202,919,000 (4.1%)
   Gems, precious metals, coins: $11,579,099,000 (2.4%)
   Machines, engines, pumps: $8,985,440,000 (1.8%)
   Fertilizers: $8,909,523,000 (1.8%)
   Wood: $7,638,190,000 (1.6%)
   Cereals: $6,972,489,000 (1.4%)
   Aluminum: $6,298,128,000 (1.3%)
   Inorganic chemicals: $5,079,839,000 (1.0%)
   Copper: $4,873,518,000 (1%)

zg18 wrote:

Karl Haushofer wrote:It is good to hear that things are still going well (or even improving) in Moscow but what about the other parts of the country? St.Petersburgh, Kazan, Rostov-on-don, Novosibirsk, Yekaterinburg, Omsk, Vladivostok, Samara etc.?

If you are interested  , i strongly recommend Russian section of Skyscrapercity.forum

http://www.skyscrapercity.com/forumdisplay.php?f=345

Lot of construction going on across the country.

sepheronx wrote:If you don't like Russia or well, anything revolving around it, why bother being in this forums then?  All you are doing is trolling and not providing any clear cut evidence of anything.  So may I suggest you leave?  We have other real Russians who live in Russia on this forums, so we don't really need you.

VLADIMIR, August 17. /TASS/. Russia’s GDP decline may equal to 3.5-4% in 2015, which exceeds the forecast by the Economic Development Ministry, Presidential aide Andrei Belousov said on Monday.

"Judging by what was happening in the second quarter I think the decline may be around 3.5-4%," he said.

Earlier Russian Economic Development Minister Alexey Ulyukayev said the economic situation in Russia should get better in the third quarter while GDP drop will not exceed 2.6-2.8% at year-end 2015. However, according to Ulyukayev, the Ministry is most likely to review its macroeconomic forecast for this year as the country’s GDP dropped 4.6% in the second quarter, exceeding forecast /4.4%/. "We most probably will review the whole forecast for 2015, including of GDP though it’s going to be a slight correction," he said.

Belousov said 4% GDP growth is needed for Russian economy to come out of recession. However, "now if we do not change the structure /of the economy - TASS/ we’ll reach 1-2% growth in 2016," he added.


"We have conditions for stabilizing the situation in the third quarter and facing growth, there will be no head-on recovery, it will be different in different sectors while property construction, car sector and railway machinery raise most concern now," Presidential aide said.

According to Belousov, consumption in Russia is stabilizing, which means decline in retail will cease. However, he is "less optimistic" on investment in Russia.

Presidential aide also touched upon the issue of federal budget deficit. "According to our estimates, revenues base of federal budget totals, and will total over the long term, around 16-17% of GDP," he said. At the same time there are revenues, which cannot be reduced: on defense sphere /7% of GDP/ and social policy /5-6%/. "The remaining 5% may be allocated to reduction of dependency on oil and gas revenues but this will mean we will have to reduce financing of education, economy and everything else," he said.

The remaining 5% of GDP is not enough for financing the key budget items, Belousov said, as 2% of GDP is spent on education, science and culture, 4% - on economy while state spending equals to 1%. "We have 5% while we need 7%," he said, adding that Russia should therefore either increase deficit, or cut budget, or increase burden on business.

Presidential aide does consider reasonable to increase progressive personal income tax. "This will not happen till 2019 as a decision was made not to increase tax burden," he said.

VLADIMIR, August 17. /TASS/. Russia’s GDP decline may equal to 3.5-4% in 2015, which exceeds the forecast by the Economic Development Ministry, Presidential aide Andrei Belousov said on Monday.

"Judging by what was happening in the second quarter I think the decline may be around 3.5-4%," he said.

Earlier Russian Economic Development Minister Alexey Ulyukayev said the economic situation in Russia should get better in the third quarter while GDP drop will not exceed 2.6-2.8% at year-end 2015. However, according to Ulyukayev, the Ministry is most likely to review its macroeconomic forecast for this year as the country’s GDP dropped 4.6% in the second quarter, exceeding forecast /4.4%/. "We most probably will review the whole forecast for 2015, including of GDP though it’s going to be a slight correction," he said.

Belousov said 4% GDP growth is needed for Russian economy to come out of recession. However, "now if we do not change the structure /of the economy - TASS/ we’ll reach 1-2% growth in 2016," he added.


"We have conditions for stabilizing the situation in the third quarter and facing growth, there will be no head-on recovery, it will be different in different sectors while property construction, car sector and railway machinery raise most concern now," Presidential aide said.

According to Belousov, consumption in Russia is stabilizing, which means decline in retail will cease. However, he is "less optimistic" on investment in Russia.

Presidential aide also touched upon the issue of federal budget deficit. "According to our estimates, revenues base of federal budget totals, and will total over the long term, around 16-17% of GDP," he said. At the same time there are revenues, which cannot be reduced: on defense sphere /7% of GDP/ and social policy /5-6%/. "The remaining 5% may be allocated to reduction of dependency on oil and gas revenues but this will mean we will have to reduce financing of education, economy and everything else," he said.

The remaining 5% of GDP is not enough for financing the key budget items, Belousov said, as 2% of GDP is spent on education, science and culture, 4% - on economy while state spending equals to 1%. "We have 5% while we need 7%," he said, adding that Russia should therefore either increase deficit, or cut budget, or increase burden on business.

Presidential aide does consider reasonable to increase progressive personal income tax. "This will not happen till 2019 as a decision was made not to increase tax burden," he said.