USA is among the five largest trading partners of Russia


The volume of Russian-American trade is falling much slower than overall indicators of Russia’s foreign trade. Accordingly, the U.S. share as a trade partner Russia is growing. This is evidenced by published on the eve of the data of the Federal customs service (FCS) in January—April 2016.

If you compare the first four months of the current year with the same period in 2015, the external trade turnover of Russia has fallen in dollar terms by exactly 25% to $133,6 billion Trade is with the United States declined “only” by 20% to $5,47 billion or 4.1% of the total Russian trade.

A year earlier, the volume of trade with the United States was higher ($6,82 billion), but the proportion of overseas partner — lower (3.8 per cent). Thus, States for the year rose from seventh to fifth place among major trade partners of Russia outside the CIS, ahead of Japan and Turkey and came close to Italy.

Despite the continuing the third year of the Ukrainian crisis, during this time, there is a certain trend in which the importance of the US as a trading partner is growing steadily, despite the decline in total turnover. So, for all of 2013, Russian-American trade amounted (according to the FCS) of $27.7 billion or 3.3% of Russia’s foreign trade. In 2014, the figure rose to $29.2 billion, while the share — to 3.7%. Finally, in 2015, bilateral trade fell to $20.9 billion, while the US share has grown again — already to 3.9%.

For its part, the US Department of Commerce publishes similar data on trade with Russia: in January-April of 2016 it was $5,92 billion, compared to $8,57 billion for the same period in 2015 (down 31%). At the same time, Russia none of the indicators (import/export, trade balance) is not included in the top 15 largest partners States.

According to the Agency Bloomberg, the growth of the US share in Russian trade is particularly noticeable on the background of reduction of trade turnover with the countries of Europe that also have a policy of sanctions against Moscow. Only for the first four months of 2016, Russia’s trade with the EU fell from $in comparison with 81.65 billion a year ago to $of 58.22 billion (the EU’s share decreased from 45.8% to 43.6%).

“While the EU bears the burden of trade wars (sanctions and counter-sanctions undermine trade with Russia is about $112 billion), American Corporation engaged in long-term investment in Russia receive their share of the market”, — the newspaper writes, reminding that Washington was the driving force behind anti-Russian sanctions. In these circumstances, the United States as a trading partner has never been so important for Russia as it is now, writes Bloomberg.

The publication cites a few examples of the expansion of American corporations. So, in early June, Boeing opened a training and research centre in the Russian SKOLKOVO, a year ago agreed to supply the Russian carrier Volga-Dnepr 20 Boeing 747-8. The amount of the transaction is estimated at $7.4 billion, or $370 million per plane.

In the context of counter-sanctions against food from countries of the West, the us agricultural group Cargill increases investment in Russian production. In February, they announced their readiness to invest 1.74 billion rubles in the construction of a plant for production of feed additives in the Tyumen region.

Finally, the economic crisis has led to the fact that the Russians were more likely to eat in fast food chains: in the first half of 2015, revenues of the three largest chains (McDonald’s, KFC and Burger King) grew by 15% compared to 7% of the overall market. Against this background, the American owners of the first two chains (Burger King works on the principle of the franchise) I plan to continue to expand its presence in Russia. So, McDonald’s intends in 2016 to open at least 60 new restaurants (vs 59 last year).

As stated by American investor Jim Rogers in the St. Petersburg international economic forum, one of the most promising sectors of the Russian economy in the next five to ten years will remain agriculture. “In a few years Russia will be removed, if not all, most of the sanctions. Your country will be in better shape,” he added.