Russia Trade June 2017


Russia: Trade recovery continues in June

August 11, 2017

Merchandise exports totaled USD 29.5 billion in June, which represented a robust 22.8% increase compared with the USD 24.0 billion observed in the same month last year. However, the expansion was below May’s notable 27.8% increase.

Imports increased 30.2% annually in June (May: +35.9% year-on-year) to reach a total of USD 20.8 billion, reflecting the healthier state of domestic demand. The trade surplus came in at USD 8.7 billion, which was larger than the USD 8.0 billion surplus seen in June 2016.

The gradual recovery of Russia’s external sector is more visible in the trailing 12-month sum of the trade surplus, which amounted to a 13-month high of USD 105.2 billion in June.

The analysts we surveyed this month project Russia’s exports to reach USD 318 billion in 2017. Going forward, panelists expect exports to reach USD 333 billion in 2018.

Author: Angela Bouzanis, Senior Economist

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Russia Trade Chart

Russia Trade12m June 2017

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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