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  Tuesday, December 10, 2019
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In the first quarter of 2005, Russia's GDP reached more than 4 trillion rubles
In the first quarter of 2005, Russia's GDP reached more than 4 trillion rubles, or about $12.77 billion, according to data published by the Federal State Statistics Service (Rosstat) Monday. The GDP deflator for the first quarter 2005 amounted to 119%, compared to prices in the first quarter of 2004. Foreign trade turnover between January and April reached $106.9 billion and increased 34.9% compared with the same period last year. Russia's exports grew by 39.9% and reached $72.7 billion, while imports increased by 25.3% to $34.2 billion. The country has maintained its foreign trade surplus at $38.6 billion. Between January and April, it amounted to $24.7 billion. Rosstat also published data on the export of major commodities in the first four months of this year. Fuel and energy exports grew by 45.9% to $42.6 billion, against the same period last year. Steel and steel-product exports increased by 42.9% to $12.08 billion. Chemical industry product exports went up by 28.9% to $4.54 billion. And timber, pulp and paper exports grew by 21.1% to $2.657 billion. Machinery, equipment and transport vehicles are among the major import commodities, having grown by 31.4% to $10.88 billion, as are foodstuffs, up 21.2% to $10.88 billion and chemical products, up 33.7% to $4.598 billion.
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