The State, Trends and Prospects of Russian-African Trade

Abstract

Russia ranks 14th in African imports, and the growth rate in the bilateral trade of the two countries has exceeded that of Asia for the last 20 years. Russian-African trade is diversified neither geographically nor in the composition of exports and imports and is characterized by an imbalance, with exports exceeding imports significantly. Exports are dominated by cereals, mineral fuels and closed group products. Promising directions are: expansion of technology exports, supply of machinery and equipment, direct import of coffee, cocoa. Trade expansion is constrained by high trade surpluses with Africa, international payments and logistics.