Latest reading: In July, the trade balance was USD +2.1 billion, following a USD +2.5 billion reading in the prior...
Merchandise Trade Balance in Russia
The merchandise trade balance in Russia averaged USD 160.0 billion in the decade to 2024. The 2024 reading was USD 133.0 billion. For more information on trade, visit our dedicated page.
Russia Trade Chart
Note: This chart displays Trade Balance (USD billion) for Russia from 2024 to 2014.
Source: Macrobond.
Russia Trade Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | 93.4 | 193.1 | 315.6 | 121.7 | 133.4 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Russian trade projections for the next ten years from a panel of 12 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable trade forecast available for Russian trade.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Russian trade projections.
Want to get access to the full dataset of Russian trade forecasts? Send an email to info@focus-economics.com.
Latest Global Trade News
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Peru: Merchandise trade surplus narrows in July -
China: Merchandise exports increase in August Latest reading: Merchandise exports increased 4.4% year-on-year in August (July: +7.2% year-on-year). The figure marked the softest expansion since February... -
Taiwan: Merchandise exports continue to surge in August Latest reading: Merchandise exports soared 34.1% over the same month last year in August, on the heels of July’s 42.0%... -
Vietnam: Merchandise exports increase in August Latest reading: Merchandise exports growth cooled to 14.8% in year-on-year terms in August from July’s 16.7% increase as front-loading activities... -
Korea: Merchandise exports rise at a slower rate in August Latest reading: Merchandise exports increased 1.3% year on year in August (July: +5.8% yoy). This was less than half market... -
Philippines: Merchandise exports grow at a more moderate pace in July Latest reading: Merchandise exports jumped 17.3% in annual terms in July (June: +26.9% year-on-year). Meanwhile, merchandise imports expanded 2.3% on... -
Thailand: Merchandise exports growth slows in July Latest reading: Merchandise exports climbed 9.6% year on year in July, on the heels of June’s 16.0% upturn. The figure...