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Russian Exports in the Sphere of Services is Growing
17.10.2018 14:23
Russian Exports in the Sphere of Services is Growing

Exports in the sphere of services have reached a volume of 30.9 billion dollars in the first half of 2018, showing the highest indicator since 2014. As compared to last year, the exports grew by 14.4%.

      The bulk of the exported services traditionally fall to the sphere of exports: tourism, construction and information services. All these spheres jointly account for 59% of total exports.

      Besides, a historical trend was disrupted in the first six months of this year: for the first time in the entire history, exports in the high-tech sector exceeded imports. During this period the volume of exports in the field of IT-services has amounted to 2.55 billion dollars, and that of imports - to 2.52 billion dollars.

      This is due to the fact that Russian IT companies have begun to promote their services and products abroad in a more active manner, as well as to import substitution.

      Read More Articles about Business in Russia


Author: Anna Dorozhkina

Tags: Russian business Russian companies    

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