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Russia's foreign trade turnover totaled $121 billion in the first half of 2004
Russia's foreign trade turnover totaled, according to the Central Bank's data, $121 billion in the first half of 2004, 25% more than in the same period of 2003, the Russian Federal State Statistics Service said on Monday. In particular, exports and imports totaled $78.6 billion and $42.3 billion respectively, 25.2% and 24.7% more than in January-June 2003. Moreover, external surplus amounted to $36.3 billion against $28.9 billion in the first six months of 2003. According to customs statistic data, in the first half of 2004 fuel and energy exports totaled $41.5 billion (14.6% growth), in particular, crude oil exports amounted to $21.6 billion (21.7%). Exports of metals and metalware reached $13.6 billion (59.9%), machinery, equipment and transport means - $6.5 billion (21.4%), chemical goods - %5.3 billion (22.4%), timber and pulp and paper products - $3.4 billion (22.2%). Meanwhile, in January-June 2004 imports of machinery, equipment and transport means totaled $13.2 billion (44.4% increase as compared to the first half of 2003), food and agricultural products - $6.3 billion (12.2%), and chemical goods - $5.4 billion (25.8%). The European Union accounted for 40.1% of Russia's foreign trade turnover in the first six months of 2004. In particular, turnover with Germany amounted to $10.4 billion (20.7% growth as compared to January-June 2003), $7.4 billion with the Netherlands (65% growth), $5 billion with Italy (4.5% decrease). $3.8 billion with Finland (24.7% growth), $3.2 billion with Great Britain (16.4% growth), $2.8 billion with France (6.3% growth) and $1.4 billion with Sweden (37.9% growth). Members of the Commonwealth of Independent States (CIS) accounted for 18.7% of Russia's foreign trade turnover in the first half of 2004. Turnover with Belarus totaled $7.6 billion (33.8% growth as compared to the first six months of 2003), $7.4 billion with Ukraine (40.2% growth), $3.7 billion with Kazakhstan (44.5% growth), $164 million with Kyrgyzstan (50.1% growth) and $115 million with Tajikistan (45.8% growth).
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