Trade Balance in Russia
Russia - Trade Balance
Exports drop in January
Merchandise exports totaled USD 29.8 billion in January, which represented a 11.2% contraction from the USD 33.6 billion sum recorded in the same month of 2018. Export growth also contrasted December’s healthy 10.2% increase and marked the first contraction since October 2016.
Meanwhile, imports contracted 1.3% year-on-year in January, a softer fall then December’s 6.8% decrease. Accordingly, the trade surplus came in at USD 13.4 billion in January, which was below the USD 16.9 billion surplus recorded in January 2018.
The trailing 12-month sum of the trade balance came in at USD 191 billion, below December’s USD 195 billion result.
The analysts FocusEconomics surveyed this month project Russia’s exports will reach USD 422 billion in 2019. Panelists expect exports to reach USD 430 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 | 8.41 | 0.13 % | Apr 03 |
| Exchange Rate | 65.47 | -0.12 % | Apr 03 |
| Stock Market | 2,532 | -1.03 % | Apr 03 |
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Economic News
Russia: Inflation rises in March
April 5, 2019
In March, consumer prices rose 0.3% from the previous month, broadly unchanged from the 0.4% increase recorded in February.
Russia: Consumer confidence improves mildly in Q1
April 5, 2019
The consumer confidence index published by the Federal Statistics Service (Rosstat) rose to minus 16 points in the first quarter, from minus 17 points in the final quarter of 2018.
Russia: Manufacturing PMI rises to over-two year high in March
April 1, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit jumped from 50.1 in February to 52.8 in March, the best reading since January 2017.
Russia: Economy ends 2018 on strong note
April 1, 2019
A comprehensive estimate of national accounts data released by Rosstat on 1 April revealed that growth surged in the fourth quarter.
Russia: Central Bank holds key rate in March as expected
March 22, 2019
At its 22 March meeting, the Board of Directors of the Central Bank of the Russian Federation (CBR) held the key interest rate at 7.75%, as was expected by market analysts.
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