In 2017, the export value of goods in all categories – except for energy goods, metals and wheat, other important commodities exported by Russia – increased by 17%, y/y. Export value of tradable services such as ICT and business services increased by 21.6%, y/y and 7.8%, y/y respectively.
While this is a positive development, the share of oil and gas exports in total export of goods (by value) remains high at 58.7%.
Read more: Russia Economic Report 39