Exports in Russia

Russia Exports

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 Exports Chart

This chart displays Exports (USD billion) for Russia from 2013 to 2022.

Russia Exports Data

2018 2019 2020 2021 2022
Merchandise Exports (USD bn) 444 420 334 494 592
Exports (G&S, ann. var. %) 5.6 0.7 -4.2 3.3 -13.9
Merchandise Exports (ann. var. %) 25.8 -5.4 -20.5 48.2 19.8

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