Trade Balance in Russia

Russia Trade Balance | Economic News & Forecasts

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  

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Russia Trade Balance Chart

Russia Trade
Note: Trade balance in USD billion.
Source: Central Bank of the Russian Federation (CBR).

Russia Facts

Value Change Date
Bond Yield6.230.13 %Dec 30
Exchange Rate62.03-0.12 %Dec 30

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