Wednesday , December 19 2018
Breaking News
Home / International Customs / Russia / Russia-US Trade Raises 8.5% Year-on-Year Despite Sanctions : Customs Service
Russia-US Trade Raises 8.5% Year-on-Year Despite Sanctions : Customs Service

Russia-US Trade Raises 8.5% Year-on-Year Despite Sanctions : Customs Service

MOSCOW (Sputnik) – Trade between Russia and the United States increased by 8.5 per cent year-on-year in the first nine months of 2018, compared to the same period last year, and stood at $18,019 billion, according to the data published by the Russian Federal Customs Service (FTS).

According to the data, exports from Russia to the United States in the given period totalled $8,611 billion, having increased by 13.9 per cent, while imports to Russia from the United States stood at $9,408 billion, which is a 3.9-per cent increase.

US share in Russia’s total foreign trade dropped from 4 per cent last year to 3.6 per cent in January-September 2018.

Non-CIS Imports to Russia Up 7.1% to $174.8Bln in January-October

Russia’s imports from countries not part of the Commonwealth of Independent States (CIS) increased by 7.1 per cent year-on-year between January and October, totalling $174.8 billion, the Russian Federal Customs Service (FTS) said in a statement on Tuesday.

In October, imports from non-CIS countries reached $18.6 billion, growing 9.9 per cent from September.

Meanwhile, import of food products and raw materials in the same month grew by 25.3 per cent and stood at nearly $2 billion. Import of chemicals went up by 17.3 per cent to $3.5 billion, and that of machinery by 6 per cent to $9.4 billion, according to the statement.