Exports in Russia

Russia Exports (%) | Economic News & Forecasts

Russia - Exports (percent change)

Trade surplus continues narrowing as exports contract again in September

Merchandise exports totaled USD 35.0 billion in September, representing a 9.3% contraction from the USD 38.6 billion sum recorded in the same month of 2018. The contraction in September was only slightly softer than August’s 9.7% year-on-year drop.

Meanwhile, imports totaled USD 20.9 billion in September, jumping 5.6% year-on-year from September 2018’s USD 19.8 billion. Notably, September’s represented a considerable acceleration from August’s moderate 0.8% year-on-year uptick and marked the strongest growth since May 2018.

As a result, the trade surplus shrank to USD 14.1 billion in September 2019, from USD 18.8 billion in September 2018. Meanwhile, the trailing 12-month sum of the trade balance came in at USD 181 billion, below August’s USD 185 billion and marking the lowest result since September 2018.

The analysts FocusEconomics surveyed this month project Russia’s exports will reach USD 431 billion in 2020. Panelists expect exports to reach USD 441 billion in 2021.

Russia - Exports (%) Data

2013  2014  2015  2016  2017  
Exports (annual variation in %)-1.1  -4.8  -31.3  -17.5  25.3  

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