Subject. The article discusses the competitiveness of the Russian Federation and its place in the global economy. Objectives. We examine metrics of the trade and geographic structure of foreign trade and discover factors, conditions, tendencies of the foreign trade development. The article presents our forecast on how the baseline indicators will behave. Methods. We apply methods for systematization, comparison, structural and trend analysis. Results. We analyzed and substantiated the development of Russia’s foreign trade today. The article enlists directions of the foreign trade and depicts its geographic and commodity structure. We flag the Asian and African lines for promoting the foreign trade, emphasizing the need to expand the EEU ties, since it will have a positive effect for Russia and its key partners within the alliance. Speaking about the innovative economy, we underline the importance of non-resource export. The article provides the graphic presentation of estimated exports and imports. Conclusions and Relevance. Referring to the analysis of the Russian foreign trade indicators and their development and the respective forecast, we can infer rather an optimistic scenario. The above changes will definitely reshape the development of the global economy, since there are some objective difficulties predicting the foreign trade and the pandemic and the deteriorating global situation are a key risk.
Keywords: management accounting, budgeting, data modeling principles, automation
References:
Spartak A.N. [Perestroyka in Russian exports]. Rossiiskii vneshneekonomicheskii vestnik = Russian Foreign Economic Journal, 2017, no. 4, pp. 3–13. (In Russ.)
Spartak A.N. [Prospects for Russia's export expansion and its State support]. Rossiiskii vneshneekonomicheskii vestnik = Russian Foreign Economic Journal, 2017, no. 5, pp. 3–18. (In Russ.)
Grigoruk N.E. [Statistical aspects of dynamics and structure analysis of international trade]. Voprosy Statistiki, 2017, no. 1, pp. 54–63. (In Russ.)
Kolosova E.A. [The assessment of the current foreign trade]. Vestnik professional'nogo bukhgaltera = Bulletin of Professional Accountant, 2015, no. 7-9, pp. 91–102. (In Russ.)
Belozerova S.V., Konyashin A.A. [Statistical analysis of the structure and dynamics of export and import of the Russian Federation on the basis of data of customs statistics of foreign trade on the materials of Novorossiysk customs]. Analiz ekonomicheskikh riskov = Analysis of Economic Risks, 2013, no. 1, pp. 58–62. (In Russ.)
Kolodina N.F., Nurtaeva A.M., Lagoda M.Yu. [Statistical analysis of foreign trade of the Orenburg Oblast]. Matritsa nauchnogo poznaniya, 2017, no. 3, pp. 125–134. (In Russ.) URL: Link
Bobrova V.V. [Import substitution within the Euroasian Economic Union: Opportunities, directions and prospects]. Ekonomika i predprinimatel'stvo = Journal of Economy and Entrepreneurship, 2016, no. 9, pp. 52–55. (In Russ.)
Obolenskii V.P. [Global crisis and foreign trade of Russia]. Rossiiskii vneshneekonomicheskii vestnik = Russian Foreign Economic Journal, 2012, no. 1, pp. 4–16. URL: Link (In Russ.)
Obolenskii V.P. [Foreign economic relations of Russia: Some lessons from the global crisis]. Voprosy Ekonomiki, 2012, no. 5, pp. 87–100. (In Russ.) URL: Link
Renner A.G., Tuktamysheva L.M., Lenert A.G. [Prediction of the Orenburg Region's socioeconomic development in the WTO context]. Ekonomika i predprinimatel'stvo = Journal of Economy and Entrepreneurship, 2014, no. 12-4, pp. 193–199. (In Russ.)
