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All news / Bank of Russia: Export growth slows down as imports recover

  • 24 Oct 2022, 10:21

In the third quarter of 2022, the value of exports of goods and services significantly slowed down annual growth compared to the second quarter, the press service of the Central Bank told.

This was due to a slowdown in world prices for many commodities. The physical volume of exports declined due to increased external restrictions and weakening global demand.

The dynamics of imports of goods and services improved in the third quarter. This was facilitated by the reorientation of companies to alternative suppliers, the activation of parallel imports and the strengthening of the ruble.