A labourer stands on steel bars at a port in Wuhan, capital of central China's Hubei province, August 21, 2007. The several macro-control measures taken by the central government eventually caused steel price decline in domestic markets, according to Xinhua News Agency.
Photo: Reuters
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Value Added Export
// Monitoring / foreign trade
Goods structure of export from Russia has changed considerably in the first half of 2007. The share of fuel-and-energy goods fell from 68.2 percent to 62.7 percent, as compared to the same period last year. On the contrary, the export of metals and metallurgical products increased from 12.7 percent to 15.9 percent.
Besides, the share of machines, equipment, and transport vehicles in the export grew from 4.8 percent to 5.2 percent. The overall export of goods in the first semester of 2007 reached $155.3 billion, having grown by 8.6 percent in a year. Russia’s Ministry of Economic Development and Trade said it is due to lower prices of energy resources and higher prices of metals.
Meanwhile, export of oil grew just by 3.3 percent, of oil products – by 4.5 percent, and natural gas export fell by 13.7 percent, while metals export increased by 21.8 percent. Besides, the share of exported semi-products and products with higher added value grew drastically.
Machinery export is growing as well (23.6 percent). However, its share in the overall export (5.2 percent, or $8.1 billion) is not a sign of any noticeable presence of Russian machines at the international markets.
www.kommersant.com
All the Article in Russian as of Sep. 04, 2007
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