Foreign trade turnover in the Siberian Federal district in 1 quarter of 2020 amounted to 9.6 billion US dollars
For the 1st quarter of 2020 foreign trade activity of the participants of foreign economic activities of the Siberian Federal district (SFD) compared to the same period of 2019 was characterized by lower values of trade and exports and increased imports. Thus in trade with the far abroad countries the value of exports declined and imports increased, while with CIS countries exports and imports decreased.
Foreign trade turnover in the Siberian Federal district for the 1st quarter of 2020 amounted to 9.6 billion U.S. dollars and compared with the 1st quarter of 2019 has decreased by 16.1%. About 75% of our trade is for export (7.2 billion U.S. dollars), more than 25% for imports (2.4 billion US dollars).
The share of CIS countries in the trade turnover of the Siberian Federal district remains the leader and is 88.6%, the share of CIS countries – 11.4 per cent. Compared to the 1st quarter of 2019 turnover with far-abroad countries has decreased by 15.3%, with CIS countries – by 21.6%.
Among the countries – major trading partners still include China (19% of cost volume of the foreign operations district), Netherlands (7%), Germany and Japan (6%), Republic of Korea, Taiwan (China), France and Kazakhstan (5%), the USA and Turkey (4.5%), Poland (2%).
Compared to the 1st quarter of 2019 the turnover of the SFO with China decreased by 12.5%, with the Netherlands – 40.9%, Germany – by 36.2%, from Poland – by 34.2%, with the Republic of Korea – by 25.7%, Japan – 20.9%, with Taiwan – 3.8%. Thus in trade with France’s foreign trade turnover increased 2.7 times, from Turkey – on 42,0%, with the United States – by 28.4%, Kazakhstan – 3.2%.
For the 1st quarter of 2020 in comparison with the same period of 2019 value of exports of the Siberian Federal district decreased by 2.3 billion US dollars (24.3%).
In the commodity structure of exports was dominated by fuel and energy products (mainly coal, petroleum products and coke from coal) – 48% of the value of exports, metals and products from them (mainly aluminium, ferrous metals and articles thereof, copper) – 23,8%, wood and pulp and paper products (mostly timber processed and unprocessed) – 11.3%, and engineering products (mostly machinery and mechanical appliances, electrical machinery and equipment and parts of railway locomotives and rolling stock) is 5.3%, products of the chemical industry – 4,7%, foodstuffs – by 3.7%.
Compared to the 1st quarter of 2019, the value of exports of energy products decreased by 26.8%, metals and products from them – by 35.3%, wood and pulp and paper products – by 10.7%, engineering products – by 3.1%.
The export of chemical products in value terms increased by 9.4%, food products and agricultural raw materials – 7.2%.
In the current period compared to the 1st quarter of 2019 value of imports of SFO increased by 463,3 million U.S. dollars (23.4%).
For the 1st quarter of 2020 in the commodity structure of import of STU the share of engineering products was 53.4% of the total value of imports, chemical products – by 22.9%, metals and products from them – 8,5%, food products – 5,1%, textiles, textile products and shoes by 3.2%.
Compared to the 1st quarter of 2019, an increase in cost volume of import of machine-building products 1.6 times, metals and products from them – 47,1%, food products – by 15.9%.
The import of chemical products in terms of volume decreased by 15.1%, textiles, textile products and footwear – by 16.8%.