Trade Balance in Russia
Russia - Trade Balance
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 - Trade Balance Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | 148 | 90.2 | 115 | 194 | 163 |
Russia Trade Balance Chart
Source: Central Bank of the Russian Federation (CBR).
Russia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 6.23 | 0.13 % | Dec 30 |
| Exchange Rate | 62.03 | -0.12 % | Dec 30 |
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