Russia Trade Balance


Exports moderate in March

In March, exports added 13.4% over the same month last year to reach USD 49.5 billion. The rise was lower than the 14.7% expansion registered in February and marked, in fact, the slowest increase in exports since January 2011. Meanwhile, imports rose 5.8% to reach USD 28.5 billion, down from February's 15.6% increase. As a result of the deceleration in imports, the trade surplus widened from USD 19.8 billion in February to USD 21.0 billion in March. Despite the monthly slowdown, exports are expected to benefit from the continued pick-up in prices for Ural oil

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