THE STRUCTURE OF RUSSIAN FOREIGN-TRADE IN TRANSITION

This paper intends to develop further an analysis of Russian external developments in transition. It first presents the macro and sectoral d ata of Russian foreign trade with third-party countries in terms of bo th USD-basis and ruble-basis foreign trade prices. Then, clarifying th e key problems inherent in Russian foreign trade statistics, this pape r shows the remarkable change in Russian dependence on foreign trade i n 1992 and 1993. It also observes the foreign trade data in relation w ith the national income and product accounts (NIPA), and input-output accounts. Lastly, this paper presents a Leontief's ''skyline'' chart a nalysis of Russian foreign trade, using Russian and Ukrainian input-ou tput tables, in order to develop a comparative analysis of the Russian economy.