Analysis of Russian Trade Relations with Shanghai Cooperation Organization

Abstract

The subject of the study are the trade relations of Russia with the countries of the Shanghai Cooperation Organization (SCO) for goods and product groups of the Foreign Economic Activity Commodity Nomenclature (FEACN)of the Federal Customs Service of the Russian Federation. The aim of the paper is to identify clusters of countries, goods and commodity groups for imports to Russia and Russian exports. The article reveals the causes of SCO formation and recognizes its role in development of international trade cooperation. The study revealed match of clusters of SCO countries in terms of imports to Russia and Russian exports-India, China, Kazakhstan and Kyrgyzstan. Among the goods and commodity groups of imports to Russia there prevail: nuclear reactors, boilers, equipment and mechanical devices; organic chemical compounds; ores, slag and ash. Wide FEACN of Russian exports was revealed-mineral fuel, oil and products of their distillation; bituminous substances; mineral waxes; wood and products thereof; ferrous metals and others. Unlike imports the hierarchy of Russian exports in terms of goods and commodity groups is not stable.