Bashkiria's foreign trade turnover decreased by 10.9% and amounted to 4.88 billion dollars

UFA, 12 February 2020. /Bashinform News Agency, Galina Bakhshieva/ translated by Tatiana Aksyutina/.

Last year, Bashkiria's foreign trade turnover amounted to $ 4.88 billion, which is 10.9% less than in 2018. The republic's export decreased by 7.3% compared to -9.5% in the Volga Federal District as a whole, the State Committee for Foreign Economic Relations RB reported, citing data from the Federal Customs Service.

The lion's share of Bashkiria's exports, or 53.6%, was accounted for fuel and energy products. Engineering products constituted 20.4% of exports, chemical products, and rubber - 15.4%, food products, and raw materials - 2.7%, metals, and metal products 2.4%.

"It is important to mark that the export of non-primary non-energy goods of Bashkiria, compared to 2018, increased by 2.3% and reached $ 2.01 billion. At the same time, the export of non-primary non-energy goods of the Volga Federal District decreased by 5.2%," said a spokesman for the department Ilgizar Sanyarov.

The top ten counterparties included China, Latvia, Belarus, Kazakhstan, Malta, Finland, the Netherlands, India, Germany, Turkey. Trade with these countries amounted to 3.23 billion dollars. They account for 75% of the total republican foreign trade turnover.

In Russia as a whole, expert forecasts about a slowdown in the growth rate of goods turnover in 2019 after eight years of growth have come true. Russian exports decreased by 6%. It was primarily due to a decrease in demand and world prices for many goods essential for Russian exports, including oil, gas, and oil products, as well as increased domestic consumption and imports.

At the same time, non-primary non-energy exports of Russia increased by 0.3% last year.