Russia Trade November 2018

Russia: Export growth stays strong in November

Merchandise exports totaled USD 40.5 billion in November, which represented a solid 21.0% expansion from the USD 33.4 billion sum recorded in the same month in 2017. Export growth, however, was below October’s robust 30.8% increase. Despite geopolitical uncertainties, Russia’s export growth has held up well thanks to solid overseas sales of mining and agricultural products.

Meanwhile, imports contracted 1.9% in November, recording the third fall in four months. Downbeat consumer sentiment, a weak ruble and soft domestic dynamics have weighed on import growth in recent months. Accordingly, the trade surplus came in at USD 19.0 billion in November, which was significantly above the USD 11.5 billion surplus recorded in November 2017.

The trailing 12-month sum of the trade balance testifies the external sector’s ongoing recovery after a commodity-price induced slump: In November, the trailing 12-month sum of the trade balance came in at USD 190 billion, the best reading since March 2015.

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