Russia Trade April 2018


Russia: Export growth gains steam in April

June 8, 2018

Merchandise exports totaled USD 36.2 billion in April, which represented a robust 38.9% expansion from the USD 26.1 billion sum recorded in the same month of the previous year. April’s growth was a sharp acceleration from March’s 17.8% increase. Export growth was the fastest in over a year and was supported by higher commodity prices and a solid global economy.

Meanwhile, imports grew 14.6% in annual terms in April and came in at USD 20.9 billion (April 2017: USD 18.3 billion), moderating from March’s 15.2% expansion. The trade surplus hit USD 15.3 billion, which was well above the USD 7.8 billion surplus recorded in April 2017.

April’s strong performance led to the highest trailing 12-month sum of the trade balance in over two years; it rose to USD 132 billion from March’s USD 125 billion.

The analysts FocusEconomics surveyed this month project Russia’s exports will reach USD 392 billion in 2018. Panelists expect exports to reach USD 410 billion in 2019.


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Russia Trade Chart

Russia Trade12m April 2018

Note: 12-month sum of trade balance in USD billion and annual variation of the 12-month sum of exports and imports in %.
Source: Federal State Statistics Service (Rosstat) and Ministry of Economic Development.

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