Exports in Russia
Russia - Exports
Exports drop in January
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.
Russia - Exports Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Exports (USD billion) | 522 | 497 | 341 | 282 | 353 |
Russia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 8.28 | 0.13 % | Mar 20 |
| Exchange Rate | 64.32 | -0.12 % | Mar 20 |
| Stock Market | 2,504 | -1.03 % | Mar 20 |
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Economic News
Russia: Industrial production growth jumps to almost two-year high in February
March 18, 2019
Industrial output growth gained steam in February, according to the Federal State Statistics Service (Rosstat).
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.
Russia: Inflation accelerates in February
March 6, 2019
In February, consumer prices rose 0.4% from the previous month, below the 1.0% increase recorded in January, which had marked the sharpest rise in three years.
Russia: Manufacturing PMI slips again in February
March 1, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit dipped from 50.9 in January to 50.1 in February, marking the third consecutive monthly drop and the weakest reading since September 2018.
Russia: Export growth halves in December
February 25, 2019
Merchandise exports totaled USD 41.4 billion in December, which represented a 10.2% expansion from the USD 37.5 billion sum recorded in the same month of 2017.
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