Observations on the Value of Russia's Overseas Commerce with Great Britain during the Second Half of the Eighteenth Century

In a previous publication I demonstrated the enormous value of Russia's overseas commodity exports to Great Britain's industrial development during the second half of the eighteenth century. Yet when value is determined only by sheer volume of commodities, the determination, even when supported by impressive shipping data, might not be as convincing as a determination of value based on other factors, for example, on money value. Scholars continue to argue over specific aspects of Anglo-Russian trade, over the accuracy of British commercial records, and over the degree of British involvement in Russian overseas commerce. This article addresses these issues and suggests that historians should not forget to look at the broad trends in the value of that trade when they debate specific aspects of the commercial relations between the two nations. Moreover, it seems to me that value comprehended in English pounds sterling or Russian rubles would further demonstrate the significance of Russia's overseas commodity trade to Great Britain, since such a demonstration would rest, as it were, on a surer foundation.