Trade Balance in Russia
Russia - Trade Balance
Export growth accelerates in October
Merchandise exports totaled USD 41.3 billion in October, which represented a robust 30.8% expansion from the USD 31.6 billion sum recorded in the same month in 2017. Export growth came in above September’s 25.6% increase. Despite geopolitical uncertainties, Russia’s export growth has held up well thanks to solid overseas sales of metals, food and agricultural products.
Meanwhile, imports rebounded to a 0.5% expansion, contrasting the 3.8% fall recorded in September. Downbeat consumer sentiment, a weak ruble and soft domestic dynamics have weighed on import growth in recent months. Accordingly, the trade surplus came in at USD 19.7 billion in October, which was significantly above the USD 10.1 billion surplus recorded in October 2017 and marked the best reading since April 2014.
The trailing 12-month sum of the trade balance testifies the external sector’s ongoing recovery after a commodity-price induced slump: In October, the trailing 12-month sum of the trade balance came in at USD 182 billion, the best reading since March 2015.
The analysts FocusEconomics surveyed this month project Russia’s exports will reach USD 431 billion in 2019. Panelists expect exports to reach USD 438 billion in 2020.
Russia - Trade Balance Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | 181 | 189 | 148 | 90.3 | 115 |
Russia Trade Balance Chart
Source: Central Bank of the Russian Federation (CBR).
Russia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 8.23 | 0.13 % | Jan 16 |
| Exchange Rate | 67.08 | -0.12 % | Jan 16 |
| Stock Market | 2,435 | -1.03 % | Jan 16 |
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Russia: Inflation jumps to 18-month high in December
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Russia: Rosstat revises Q3 growth up slightly
December 29, 2018
A comprehensive estimate of national accounts data released by Rosstat on 29 December revealed that the Russian economy grew 1.5% over the same period of the previous year in the third quarter of 2018, slightly above the preliminary reading of a 1.3% expansion.
Russia: Export growth accelerates in October
December 22, 2018
Merchandise exports totaled USD 41.3 billion in October, which represented a robust 30.8% expansion from the USD 31.6 billion sum recorded in the same month in 2017.
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