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In the past year, the Russian Federation expanded the export volume of all products, excluding agricultural raw materials and food, according to the Federal Customs Service (FTS). The main export item in 2024 remained mineral products, with exports increasing by 1.4% to $264.1 billion. Metals and products made from them ranked second, with a 6% increase to $63.7 billion. The export of agricultural products decreased by 1.1% to $42.6 billion.
In the previous year, exports of the chemical industry increased by 1.3% to $27.6 billion, while supplies of equipment and transportation increased by 2.6% to $23.4 billion. The export of wood and pulp and paper products increased by 2.6% to $10.1 billion. Textile and footwear exports abroad increased by 31.6% to $2.3 billion, while the export of leather, fur, and products thereof grew by 35.2% to $0.2 billion. The total volume of Russian exports in the past year amounted to $433.9 billion compared to $425.3 billion in 2023, as reported by the FTS.
Regarding imports to Russia in 2024, the category of agricultural products and food also ranked third at $37.7 billion, which is 7% higher than the previous year. However, despite the increase in imports, our country remains a net food exporter. The largest imports in terms of value are machinery, equipment, and vehicles, with deliveries increasing by 0.9% to $147.1 billion. This is followed by chemical industry products, the import of which decreased by 4% to $53.5 billion. Overall, in 2024, Russia imported goods worth $283 billion compared to $285.3 billion in 2023.
The total volume of foreign trade in 2024 amounted to $716.9 billion, which is 0.9% higher than the previous year. Asia became Russia's main partner - exports to Asian countries increased by 7.6%, reaching $329.2 billion. Asia also became the main supplier of products, with imports increasing by 1.9% to $191.2 billion. The most noticeable percentage increase in exports among African countries was 14.7% to $24.3 billion, and imports from that continent also showed the most significant growth - 3.5% to $3.5 billion.
In December of last year, the federal center "Agroexport" reported that by December 8, agricultural raw material and food exports amounted to $38.47 billion compared to $38.94 billion the previous year, indicating a decrease of about 1%. In 2024, food prices on the world market were extremely unstable and demonstrated divergent trends, which had a serious impact on export revenue. However, "Agroexport" expected that by the end of the year, it would be possible to overcome the lag, and by the end of 2024, agricultural exports would be at the level of 2023 when it reached $43.5 billion. In physical terms, shipments by December 8 were 10% higher than the previous year.
