TopicsTopics

Stay Connected

Follow ERS on Twitter
Subscribe to RSS feeds
Subscribe to ERS e-Newsletters.aspx
Listen to ERS podcasts
Read ERS blogs at USDA

Russia’s Growing Agricultural Imports: Causes and Outlook

by William Liefert, Olga Liefert, and Mathew Shane

Outlook No. (WRS-0904) 22 pp, May 2009

During the 2000s, Russian agricultural imports have grown considerably, from $7 billion in 2000 to $33 billion in 2008. This import growth has made Russia the second largest agricultural importer among emerging markets, after China. The main reasons for the import rise are macroeconomic—high growth in Russian gross domestic product, which increases consumer income and purchasing power, and real appreciation of the ruble, which makes imports less expensive vis-à-vis domestically produced goods. The economic crisis that hit Russia (and the world) in autumn 2008 makes the outlook for Russia’s agricultural imports uncertain in the short term. However, the Russian economy is expected to stabilize within a year or two, at which time agricultural imports should continue to grow, although at a lower rate than in past years.

Keywords: Trade, imports, exports, U.S. agricultural trade, Russia, Russian agriculture, Russian agricultural trade, exchange rates

In this publication...

Need help with PDFs?

Last updated: Monday, May 28, 2012

For more information contact: William Liefert, Olga Liefert, and Mathew Shane