Russia Trade Balance July 2021

Russia: Merchandise exports grow at record pace in July

Merchandise exports soared 100.7% annually in July, on the heels of June’s 79.1% jump. July’s result marked the largest increase since our records began in January 1994. The upturn was underpinned by recovering foreign demand amid easing lockdown measures globally, which boosted appetite for manufacturing goods and commodities. That said, the result was flattered by the base effect. Meanwhile, merchandise imports jumped 33.2% in annual terms in July (June: +34.2% yoy).

As a result, the merchandise trade balance improved markedly from the previous month, recording a record-high of USD 23.2 billion surplus in July (June 2021: USD 18.3 billion surplus; July 2020: USD 4.9 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 129.5 billion surplus in July, compared to the USD 111.2 billion surplus in June.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest