Soaring imports: boon or bane?
Machinery and clothes jumped around 60%, chemical products 34% and food more than 12%.
Analysts attribute the rise to growing consumer affluence and the country's booming investment climate.
Vladimir Bragin, a macroeconomist from Trust Bank is not optimistic about the news.
“For economy in general, it’s not a good sign because when consumption goes not supported by internal production it is a clear sign of overheating of economy. If things develop this way, I think in two or three years we’ll have 0% net exports just because of growing imports,” he says.