Imports in Russia
Russia - Imports (percent change)
Trade surplus shrinks on plummeting exports in February
Merchandise exports dived 19.1% year-on-year and totaled USD 28.1 in February (January: -2.6% year-on-year). February’s result marked the sharpest contraction in exports since June 2016.
Meanwhile, merchandise imports edged up 1.1% annually in February to USD 18.5 billion. February’s print represented a slowdown from the previous month’s 3.2% year-on-year increase.
As a result, the trade surplus shrank to USD 9.7 billion in February 2020, from USD 16.5 billion in February 2019. Meanwhile, the trailing 12-month sum of the trade balance fell to a 19-month low of USD 156 billion in February, from the previous month’s USD 163 billion.
FocusEconomics panelists forecast that exports will plunge 30.7% in 2020 and imports will dive 22.2%, bringing the trade surplus to USD 92.0 billion. In 2021, FocusEconomics panelists project exports will expand 17.0%, while imports will rise 11.4%, leaving the trade surplus at USD 118.0 billion.
Russia - Imports (%) Data
|Imports (annual variation in %)||-37.3||-0.8||24.5||4.3||2.5|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||6.23||0.13 %||Dec 30|
|Exchange Rate||62.03||-0.12 %||Dec 30|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
November 25, 2021
Industrial output rose 7.1% in year-on-year terms in October, which was above September's 6.9% increase.
November 17, 2021
GDP growth waned to 4.3% year-on-year in the third quarter, according to a preliminary estimate released by Rosstat on 17 November.
November 12, 2021
Merchandise exports grew 47.0% over the same month last year in September (August: +85.3% year-on-year).
November 4, 2021
Consumer prices rose 1.11% in October over the previous month, picking up from the 0.60% increase seen in September.
November 3, 2021
The IHS Markit Services Purchasing Managers’ Index (PMI) came in at 48.8 in October, down from September's 50.5.