Russia: Merchandise exports rise at a milder rate in September
Merchandise exports grew 47.0% over the same month last year in September (August: +85.3% year-on-year). September’s reading marked the weakest softest since March. Meanwhile, merchandise imports climbed 24.8% on an annual basis in September (August: +30.6% yoy), marking the weakest result since February 2021.
As a result, the merchandise trade balance improved from the previous month, recording a USD 20.0 billion surplus in September (August 2021: USD 17.1 billion surplus; September 2020: USD 10.5 billion surplus). Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a USD 149.2 billion surplus in September, compared to the USD 139.7 billion surplus in August.