WRF WOULD LIKE TO THANK THE RUSSIAN TRADE DELEGATION OF THE UNITED KINGDOM FOR THE FOLLOWING FIGURES.
UK-Russia Trade in Good & Services
In accordance with British statistics in 2016 Russia took the 25th place in trade with Britain, 24th – in export and 23rd – in import. In 2016 trade turnover between the two countries has fallen down by 13,3% to 9,1 billion US dollars:
– export to Russia – 3,5 bln.USD (decreased by 10,2%);
– import from Russia – 5,6 bln.USD (fallen by 15,1%).
UK Trade in goods with Russia
(mln.USD)
| 2015 | 2016 | Change, % | |
| Turnover | 10 530,1 | 9 130,4 | -13,3 |
| Exports | 3 897,4 | 3 501,5 | -10,2 |
| Imports | 6 632,7 | 5 628,9 | -15,1 |
| including:
– non-commodity imports from Russia |
4 565,1 | 4 076,7 | -10,7 |
(mln.GBP)
| 2015 | 2016 | Change, % | |
| Turnover | 6 882,4 | 6 713,5 | -2,5 |
| Exports | 2 547,3 | 2 574,6 | +1,1 |
| Imports | 4 335,1 | 4 138,9 | -4,5 |
| including:
– non-commodity imports from Russia |
2 983,7 | 2 997,5 | +0,5 |
Source: www.uktradeinfo.com (01.03.2017)
Average rate in 2016: 1 GBP=1,36 USD
Average rate in 2015: 1 GBP=1,53 USD
UK Trade in services with Russia
(in accordance with Russian statistics)
(mln.USD)
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | January-September | January-September | |
| 2015 | 2016 | |||||||
| Turnover | 8 488,6 | 10 850,8 | 11 412,7 | 11 683,8 | 10 784,1 | 8 369,1 | 6 069,5 | 4 810,5 |
| change, +/-% | – | 27,8% | 5,2% | 2,4% | -7,7% | -22,4% | -25% | -20,8% |
| Export | 4 108,4 | 5 202,5 | 5 387,3 | 4 873,6 | 4 534,4 | 3 204,6 | 2 281,2 | 2 007,2 |
| change, +/-% | – | 26,6% | 3,6% | -9,5% | -7,0% | -29,3% | -35% | -12% |
| Import | 4 380,2 | 5 648,3 | 6 025,4 | 6 810,2 | 6 249,7 | 5 164,5 | 3 788,3 | 2 803,3 |
| change, +/-% | – | 29,0% | 6,7% | 13,0% | -8,2% | -17,4% | -15% | -26% |
| Balance | -271,8 | -445,8 | -638,1 | -1 936,6 | -1 715,3 | -1 959,9 | -1 507,1 | -796,1 |
Source: The Bank of Russia (01.03.2017)
In 9 month 2016 trade turnover in services between Britain and Russia has fallen by 20,8% to 4,8 bln.USD. Exports in services reduced by 12% to 2 bln.USD, services imports declined by 26% to 2,8 bln.USD. And the UK has a trade deficit of 796,1 mln.USD in servises with Russia.
UK sector trade in goods with Russia in 2015-2016
Imports
| HS code | 2015 | 2016 | |||||
| mln. GBP | Share, % | mln. GBP | Share, %, ↑ | Change,
+/-mln.GBP |
Change,
+/-% |
||
| Total imports | 4 335,1 | 100 | 4 138,9 | 100 | -196,2 | -4,5 | |
| 27 | Mineral products | 3 121,3 | 72,0 | 2 394,1 | 57,8 | -727,2 | -23,3 |
| 71 | Precious or semi-precious stones, precious metals, imitation jewellery; coin | 90,8 | 2,1 | 622,1 | 15,0 | +531,3 | +585,1 |
| 84-92 | Vehicles, equipment, machines | 336,7 | 7,8 | 301,6 | 7,3 | -35,1 | -10,4 |
| 28-40 | Chemical products industry | 282,3 | 6,5 | 254,9 | 6,2 | -27,4 | -9,7 |
| 72-83 | Metals and its products | 174,6 | 4,0 | 229,1 | 5,5 | +54,5 | +31,2 |
| 44-49 | Woods and its products, paper products | 121,3 | 2,8 | 136,8 | 3,3 | +15,5 | +12,8 |
| 1-24 | Food products, agricultural raw materials apart of textile | 116 | 2,7 | 107,5 | 2,6 | -8,5 | -7,3 |
| 68-70 | Products from stone, ceramics, glass | 3,2 | 0,1 | 9,0 | 0,2 | +5,8 | +181,3 |
| 50-67 | Textile, shoes | 1,9 | 0,04 | 3,1 | 0,08 | +1,2 | +63,2 |
| 41-43 | Leather raw materials, furs and its products | 1,9 | 0,04 | 1,6 | 0,04 | -0,3 | -15,8 |
Source: UKtradeinfo
Exports
| HS code | 2015 | 2016 | |||||
| mln. GBP | Share, % | mln. GBP | Share, % | Change,
+/-mln.GBP. |
Change,
+/-% |
||
| Total exports | 2 547,3 | 100,0 | 2 574,6 | 100,0 | +27,3 | +1,1 | |
| 84-92 | Vehicles, equipment, machines | 1 484,5 | 58,3 | 1 492,7 | 58,0 | +8,2 | +0,6 |
| 28-40 | Chemical products industry | 626,3 | 24,6 | 579,8 | 22,5 | -46,5 | -7,4 |
| 1-24 | Food products, agricultural raw materials apart of textile | 79,7 | 3,1 | 103,1 | 4,0 | +23,4 | +29,4 |
| 50-67 | Textile, shoes | 111,6 | 4,4 | 72,8 | 2,8 | -38,8 | -34,8 |
| 72-83 | Metals and its products | 62,4 | 2,5 | 59,1 | 2,3 | -3,3 | -5,3 |
| 44-49 | Wood and its products, paper products | 49,3 | 1,9 | 48,9 | 1,9 | -0,4 | -0,8 |
| 27 | Mineral products | 19,6 | 0,8 | 23,4 | 0,9 | +3,8 | +19,4 |
| 68-70 | Products from stone, ceramics, glass | 14,4 | 0,6 | 15,4 | 0,6 | +1,0 | +6,9 |
| 71 | Precious or semi-precious stones, precious metals, imitation jewellery; coin | 7,5 | 0,3 | 4,8 | 0,2 | -2,7 | -36,0 |
| 41-43 | Leather raw materials, furs and its products | 5,3 | 0,2 | 4,0 | 0,2 | -1,3 | -24,5 |
Source: UKtradeinfo
UK sector trade in services with Russia in 2014-2015
| Imports | Exports | ||||||
| Types of services | 2014 | 2015 | 2014/15, % | Types of services | 2014 | 2015 | 2014/15, % |
| mln GBP | mln GBP | mln
GBP |
mln GBP | ||||
| Other business services | 180 | 223 | +23,9 | Financial | 930 | 1 052 | +13,1 |
| Transport | 110 | 142 | +29,1 | Other business services | 358 | 1 039 | +190,2 |
| Financial | 99 | 97 | -2,0 | Travel | 337 | 181 | -46,3 |
| Travel | 151 | 90 | -40,4 | Telecommunication, computer, information | 214 | 146 | -31,8 |
| Telecommunication, computer, information | 49 | 53 | +8,2 | Government | 125 | 132 | +5,6 |
| Government | 104 | 48 | -53,8 | Transport | 103 | 91 | -11,7 |
| Intellectual property | – | 11 | 0 | Intellectual property | 124 | 88 | -29,0 |
| Construction | 4 | – | 0 | Construction | 266 | 26 | -90,2 |
| Insurance, pension | – | – | – | Personal, cultural | 17 | 25 | +47,1 |
| Personal, cultural | – | – | – | Insurance, pension | 56 | 24 | -57,1 |
| TOTAL | 700 | 667 | -4.7 | TOTAL | 2 559 | 2 824 | +10.4 |
Source: Pink Book 2017
