Merchandise Exports in Russia
Merchandise exports contract at a more moderate rate in November
Merchandise exports dived 16.9% over the same month last year in November, easing from October’s 23.8% year-on-year plunge, but marking the 19th consecutive month of contraction. In a similar fashion, merchandise imports fell at a softer rate of 2.3% annually in November (October: -8.8% yoy).
Meanwhile, the merchandise trade balance improved from the previous month, recording a USD 7.1 billion surplus in November (October 2020: USD 6.4 billion surplus; November 2019: USD 12.6 billion surplus). That said, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 96.7 billion surplus in November, compared to the USD 102.2 billion surplus in October and the lowest result in nearly four years.
Russia Merchandise Exports Chart
Russia Merchandise Exports Data
|Merchandise Exports (ann. var. %)||25.3||25.8||-5.4||-20.5||48.2|