Trade in Russia

Russia has a wealth of natural resources. It is the leading producer of natural gas and the second producer of oil in the world, as well as being one of the main producers and exporters of diamonds, nickel and platinum. The main reason in support of choosing this topic was its actuality and also variety, complexity of processes and factors of economy of Russia, reflection of their influence on a condition and foreign trade development, formation of export and import of the goods.

Indicators of foreign trade of any country define level of its participation in the world trade. The higher these indicators are, the higher level of economic development of this country is, and accordingly, higher level of influence on the global economic processes occurring in the world economy. The state of the economy of the country and, first of all, production appreciably defines foreign trade volume, and also structure of export and import of the goods. The countries which share in the world trade is dominating have not only economic, but also political influence on the world trade.

Now foreign economic relations basically have former features. First of all, it concerns goods turnover structure. The basis of goods exchange operations are still the fuel and energy goods, black and nonferrous metals, fertilizers, mechanical engineering.

Foreign trade is influenced by the number of factors:

-elasticity of demand

-elasticity of supply

-rate of exchange

-economic development

-tariff policy

-size of a country

-degree of competition

-GDP

-inflation and others.

In order to compose a formula