Preface

This section presents indicators of the Balance of Payment of the Russian Federation which reflect all external economic transactions (trade, economic, and financial) with countries of the world for a definite period, contain foreign trade statistics, foreign trade prices.

Information on foreign trade is represented according to the balance of payment methodology. It includes:

data of the Federal Customs Service obtained on the basis of custom freight declarations of participants of foreign trade activity including data for the Republic of Belarus;

volumes of exports (imports) of commodities which do not cross the custom border of the Russian Federation ( fish and sea products, caught and shipped in neutral waters, fuel and goods, purchased by Russian( foreign) transportation means in Russian (foreign) ports, collected on the basis of forms of federal statistical observation of the Federal State Statistics Service (Rosstat);

additional computations of Bank of Russia to foreign trade statistics which are compiled according to the balance of payment methodology and include estimates of value of goods removed abroad (imported) by individuals within the approved free of duty quote and simplified (privilege) order and other elements of additional computations.

Balance of Payment - statistical system which reflects all economic transactions between residents of the country with residents of the other country (non-residents) which have been undertaken during a specified period of time.

The basic classification categories recorded by the Balance of Payment are the current account, capital account and financial instruments.

Current account comprises indicators of export and import of commodities and services; incomes received from abroad and paid abroad; current transfers to and from abroad.

Data on exports is given at the franco border prices (FOB) taking into account expenses on insurance and transportation of commodities to the land boundary or to the port of shipment of the country-exporter.

Data on imports is also given at franco border prices (FOB) taking but exclude expenses on insurance and transportation of commodities to the boundary of the country-exporter.

Capital account presents transactions with capital transfers and non-production non-financial assets.

Financial account presents indicators of transaction with financial claims of residents to non-residents and liabilities of residents against non-residents.

External trade - trade between countries which consists of removal (export) and importation (import) of commodities.

Export - removal of commodities from the custom territory of the Russian Federation without liabilities to get them back. Export includes removal from a country of domestically produced commodities and re-export of commodities. Domestically produced commodities include also those of foreign origin imported to a country and significantly reprocessed and as a result changed their qualitative and technical characteristics. Goods of foreign origin imported to a country and crossed the custom territory of the Russian Federation and then removed abroad from the country without payment or return of custom dues, taxes and application of embargo or economic restrictions are related to re-exported commodities.

Recording of export of commodities is carried out in FOB prices or franco-border of the country-exporter.

Import - importation of commodities to the custom territory of the Russian Federation without liabilities to get them removed back. Import includes imported commodities for consumption in the economy of a country, imported to the territory of a state according to a re-import regime. Re-imported commodities are those moved out from the custom territory of the Russian Federation and then moved in this territory without payment or return of custom dues, taxes and application of embargo or economic restrictions.

Recording of import is carried out in franco-border prices of the country-importer (CIF), i.e. prices of commodities include expenditures on the insurance and transportation to the border of the importing country.

Custom statistics of foreign trade is formed by all commodities (including values, but excluding currency values in circulation) exports and imports of which increase or decrease material resources of the country and do not include goods which do not cross the custom border of the Russian Federation (fish and sea products, caught and shipped in neutral waters, fuel and goods, purchased by Russian (foreign) transportation means in foreign (Russian) ports as well as imports (exports) of goods by individuals within approved a free of duty quote, or which cross the custom border in privilege order.

External trade turnover - a sum of export and import.

Foreign trade balance (netting) is a difference between export and import. A positive balance means that export exceeds import while a negative balance (sign "-" put down) means that import exceeds export.

Average export (import) prices are a ratio of a total value of exported (imported) commodities to their quantity.

Tables 26. 1-26. 2, contain data presented by the Bank of Russia; in tables 26. 3, 26. 4, 26. 6, 26. 7, 26. 8, 26. 10, 26. 11, 26. 13, 26. 14, 26. 16, 26. 17, 26. 19, 26.20, 26.22, 26.23, 26.25 - data of Federal Customs Service including foreign trade with the Republic of Belarus, in tables 26. 5, 26. 9, 26. 12, 26. 15, 26. 18, 26.21, 26.24 - data of Federal Customs Service of Russia.