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In reply to the discussion: Ukraine's Poroshenko signs EU accord [View all]Benton D Struckcheon
(2,347 posts)But their economies are in way better shape than Russia's. It's not even close.
Look at this list of exports, according to the site I listed in my previous:
Crude Petroleum (37%), Refined Petroleum (17%), Petroleum Gas (13%), Coal Briquettes (2.6%), and Raw Aluminium (1.5%)
List of imports:
Cars (6.9%), Packaged Medicaments (3.6%), Vehicle Parts (2.8%), Computers (1.8%), and Broadcasting Equipment (1.6%)
Third world countries have that profile, not advanced industrial nations.
The US, for comparison:
Exports:
Refined Petroleum (6.3%), Cars (3.5%), Packaged Medicaments (2.5%), Vehicle Parts (2.4%), and Planes, Helicopters, and/or Spacecraft (2.3%)
Imports:
Crude Petroleum (15%), Cars (6.1%), Computers (4.1%), Refined Petroleum (4.1%), and Vehicle Parts (2.5%)
The thing to note is not just the products list, although that looks bad enough for Russia. If you take all of the exports of the US and add up the percentages, the top 5 don't come close to the percentage of Russia's dependence on its first in the list: crude petroleum exports. The US's exports are not only all processed products of some sort, there's also no overwhelming dependency on any one of them.
Russia's a primitive supply region. It has no future.