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.