Also, during this period, the import of precious metals, precious and semi-precious stones from Russia to the United States, and the import of some non-primary commodity categories increased the supply of rocket engines almost one and a half times.
Imports of oil, petroleum products, and mineral fuels from Russia to the United States from January to May 2021 increased by 78%, to $6.7 billion, compared to the same period last year, Free News reported on Friday, citing statistics from the US Census Bureau.
Also, during this period, the import of precious metals, precious and semi-precious stones from Russia to the United States increased almost one and a half times – to $1.6 billion, of which $1.08 billion was accounted for the supply of palladium and $ 97 million – diamonds. Imports of Russian fertilizers increased to $0.5 billion (+35%), and iron and steel – to $0.7 billion (+25%).
Imports to the United States and some non-primary commodity categories also increased. Thus, from January to May, the import of frozen crab increased from $263 million to $395 million.
The supply of rocket engines from Russia to the United States increased to $126.2 million compared to last year.
The growth in the volume of imports of Russian goods to the United States is taking place against the background of anti-Russian Western sanctions. However, an analyst of Freedom Finance stressed that “sanctions are imposed selectively; American lawmakers are trying to minimize the damage to their economy.” He believes that the increase in supplies “reflects the effect of the low base of last year” and points “to a speculative component in the growth of the cost of raw materials.” This is evidenced by the presence of such commodity indices as the Thomson Reuters/Corecommodity CRB Index or the Bloomberg Commodity Index near multi-year highs. “This also signals the unevenness of global supplies due to failures in logistics chains,” the expert noted.