Russia’s export of wood and paper products will decrease by 3.3% in 2020

In 2020, the proportion of wood and paper products in Russia’s export trade volume is 3.7%, an increase of 0.7%. However, the annual export volume of wood and paper products decreased by 3.3%, while the export volume increased by 1.6%.

Combined with the analysis of the Customs Department of the Russian Federation and the center for macroeconomic analysis and short term forecast of Russia, excluding seasonal factors, the decline of Russian exports has slowed down. Russia’s Center for macroeconomic analysis and short term forecast predicts that Russia’s export trade will resume growth in the first half of 2021.

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Post time: Feb-25-2021

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