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
|Trade Balance (USD billion)||148||90.2||115||194||163|
5 years of economic forecasts for more than 30 economic indicators.
Russia Trade Balance Chart
Source: Central Bank of the Russian Federation (CBR).
|Bond Yield||6.23||0.13 %||Dec 30|
|Exchange Rate||62.03||-0.12 %||Dec 30|
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November 17, 2020
Industrial production dived 5.9% year-on-year in October (September: -3.6% yoy).
November 12, 2020
According to a preliminary estimate released by Rosstat on 12 November, GDP contracted 3.6% in annual terms in the third quarter.
November 11, 2020
Merchandise exports fell 14.1% year-on-year in September (August: -32.5% year-on-year).
November 6, 2020
Consumer prices increased 0.43% over the previous month in October, swinging from the 0.07% drop logged in September.
November 5, 2020
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