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Title of the article Foreign Trade of Russia and Its Far East with ASEAN: Comparative Analysis of Dynamics and Structure
Pages 49-62
Author Dyomina Yana ValeryevnaDyomina Yana Valeryevna
candidate of sciences (economics), senior research fellow
Economic Research Institute FEB RAS
153, Tikhookeanskaya Street, Khabarovsk, Russia, 680042
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ORCID: 0000-0001-5208-7273
Abstract The author analyzes the dynamics and structure of foreign trade of Russia and its Far East with member states of the Association of Southeast Asian Nations. The Association isn’t a key economic partner of the Russian Federation or Far East, on average, for the period from 2012 to 2021, ASEAN share in the total turnover of the Far East did not exceed 2%, in Russia’s – 3%. The study also showed that both Russian and Far Eastern exports mostly consisted of fuel and ferrous metals. A more diversified exports structure was characteristic at the beginning and middle of the study period for Vietnam and Indonesia. Supplies of high-tech products (airplanes, helicopters, ships, weapons and ammunition, optical devices, etc.) were provided mainly through state military contracts. At the same time, Russian import was more technologically complex than the Far Eastern one, with prevailing of electrical machinery and equipment. In general, imports from ASEAN were dominated by household and office equipment, appliances, cell phones, food products, rubber, ships. Due to the current COVID-19 pandemic, in 2021 Russia has begun to export vaccines («Sputnik V» and «Sputnik Light»), but this phenomenon is temporary and cannot radically change the commodity structure of supplies. In order to «refine» both Russian and Far Eastern exports, it is necessary to take into account ASEAN states programs for «green» technologies; however, this is a long-term goal.
Code 339.5+339.9
DOI 10.14530/reg.2022.2.49
Keywords foreign trade ♦ export ♦ import ♦ Far East ♦ Russia ♦ ASEAN ♦ COVID-19 pandemic
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For citation Dyomina Ya.V. Foreign Trade of Russia and Its Far East with ASEAN: Comparative Analysis of Dynamics and Structure. Regionalistica [Regionalistics]. 2022. Vol. 9. No. 2. Pp. 49–62. (In Russian)
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