Russia Trade January 2018

Russia

Russia: Exports drop in January

March 15, 2019

Merchandise exports totaled USD 29.8 billion in January, which represented a 11.2% contraction from the USD 33.6 billion sum recorded in the same month of 2018. Export growth also contrasted December’s healthy 10.2% increase and marked the first contraction since October 2016.

Meanwhile, imports contracted 1.3% year-on-year in January, a softer fall then December’s 6.8% decrease. Accordingly, the trade surplus came in at USD 13.4 billion in January, which was below the USD 16.9 billion surplus recorded in January 2018.

The trailing 12-month sum of the trade balance came in at USD 191 billion, below December’s USD 195 billion result.

The analysts FocusEconomics surveyed this month project Russia’s exports will reach USD 422 billion in 2019. Panelists expect exports to reach USD 430 billion in 2020.


Author: Angela Bouzanis, Senior Economist

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Russia Trade Chart


Russia Trade12m January 2019

Note: 12-month sum of trade balance in USD billion and annual variation of the 12-month sum of exports and imports in %.
Source: Central Bank of the Russian Federation (Bank of Russia).


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