Trade Balance in Russia
Russia - Trade Balance
Trade surplus continues narrowing as exports slump and imports soar in October
Merchandise exports totaled USD 36.1 billion in October 2019, representing a 12.6% contraction from the USD 41.3 billion sum recorded in the same month of 2018. October’s result came on the heels of a slightly softer 9.3% fall in September and marked the sharpest contraction since July 2016.
Meanwhile, imports totaled USD 23.7 billion in October, jumping 10.2% year-on-year from October 2018’s USD 21.5 billion. October’s print represented a considerable acceleration from September’s 5.6% year-on-year increase and marked the strongest growth since April 2018.
As a result, the trade surplus shrank to USD 12.4 billion in October 2019, from USD 19.8 billion in October 2018. Meanwhile, the trailing 12-month sum of the trade balance came in at USD 173 billion, below September’s USD 182 billion and marking the lowest result in over the year.
The analysts we surveyed this month project Russia’s exports to total USD 422 billion in 2020. Going forward, panelists expect exports to reach USD 441 billion in 2021.
Russia - Trade Balance Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | 181 | 189 | 148 | 90.2 | 115 |
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 |
Sample Report
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.
Economic News
-
Russia: Industrial production picks up pace in December
January 23, 2020
Industrial output rose 2.1% year-on-year in December, accelerating from November’s meagre 0.3% increase which had marked the weakest result since December 2017.
-
Russia: Consumer confidence remains firmly entrenched in negative territory in Q4
January 17, 2020
The fourth-quarter consumer confidence index published by the Federal Statistics Service (Rosstat) on 17 January was stable at the third quarter’s minus 13 points.
-
Russia: Inflation falls to 17-month low in December
January 10, 2020
In December, consumer prices rose 0.4% over the previous month, up slightly from November’s 0.3% climb.
-
Russia: Services PMI drops in December, while manufacturing PMI gains some ground
January 2, 2020
The IHS Markit Russia Services Business Activity Index came in at 53.1 in December, down from November’s 55.6.
-
Russia: Growth accelerates in Q3 on firmer domestic demand
December 30, 2019
Annual growth accelerated to 1.7% in the third quarter of 2019, as revealed by the third estimate of national accounts data released by Rosstat on 30 December.
© Copyright: 2020 | Russia Trade Balance | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
