Russia's import dependence peaked since 2014 amid rising prices

Russia's dependence on imports of consumer goods for 9 months. 2021 increased to 40%, reaching a maximum since 2014. The share of imports among products decreased to 23%, while among non-food products it was 53%, the Vedomosti data department estimated according to data provided by Rosstat. In 2020, this figure was 49%, the department said.

Prices for goods imported into RUSSIA increased over the year (in November 2021 compared to November 2020) by 15%. Among mass imports with deliveries of more than $1 billion a year, palm oil has risen in price most of all (by 59%). The top 10 most expensive goods also included soybeans and MEAT (by about 30-33%). MILK rose in price by 23%, cheese - by 19%, and vegetables - by 17%, the data department of Vedomosti estimated according to the data of the Federal Customs Service (FTS), published at the end of January.

Russian producers fully provided the country with meat, vegetable oil, fish and grain 

Russia's dependence on these products is high, for example, butter - 17%, cheese - 33%, beef - 28%. Therefore, the growth of import prices for products seriously fueled inflation in Russia (more than 10% in these categories). But in general, the situation with food security has improved in recent years, and for many goods we managed to become self-sufficient (for example, grain, butter, poultry, pork and fish), the Ministry of Agriculture said.