Russian equipment exports fall 39.1% in H1; imports down 53.2%
MOSCOW. Aug 6 (Interfax) - The decline in Russian exports of machinery and equipment is starting to show signs of slowing.
Russia exported machinery and equipment in the first half of 2009 worth $5.933 billion, down 39.1% year-on-year but marginally better than the decline of 40.8% recorded in January-May. Imports to Russia were down 53.2% to $29.707 billion in the first half year-on-year compared with 53.1% in January-May.
Countries outside the CIS accounted for 94.6% of Russian machinery imports totaling $28.113 billion and received 67.4% of Russian machinery exports totaling $4 billion. The corresponding percentages in January-May were 94.8% and 67.4%.