Russia Trade March 2018

Russia

Russia: Exports growth stalls in March

May 27, 2019

Merchandise exports totaled USD 37.0 billion in March, which represented a 0.9% expansion from the USD 36.7 billion sum recorded in the same month of 2018. The result represented a notably slowdown compared with February’s 8.6% increase.

Meanwhile, imports contracted 3.2% year-on-year in March, a slightly smaller drop then February’s 4.2% decrease. Imports totaled USD 21.0 billion, below March 2018’s USD 21.6 billion. A weak domestic economy has caused import demand to shrivel in recent months. Accordingly, the trade surplus came in at USD 16.1 billion in March, which was above the USD 15.0 billion surplus recorded in February 2018.

The trailing 12-month sum of the trade balance came in at USD 196 billion, above February’s USD 195 billion result.

The analysts FocusEconomics surveyed this month project Russia’s exports will reach USD 430 billion in 2019. Panelists expect exports to reach USD 449 billion in 2020.


Author: Angela Bouzanis, Lead Economist

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Russia Trade12m March 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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