Trade Balance in Russia

Russia Trade Balance | Economic News & Forecasts

Russia - Trade Balance

Trade surplus falls to 18-month low as exports tumble in May

Merchandise exports totaled USD 31.6 billion in May, which represented a notable 13.5% contraction from the USD 36.5 billion sum recorded in the same month of 2018. The result marked the strongest contraction since July 2016 and followed a considerably softer 0.9% decrease April.

Meanwhile, imports totaled USD 19.8 billion in May, falling 7.4% year-on-year from May 2018’s USD 21.3 billion. The result contrasted April’s 4.6% increase and marked the largest contraction in over three years. Accordingly, the trade surplus moderated to USD 11.8 billion in May, an 18-month low, which was below the USD 15.2 billion surplus recorded in May 2018.

The trailing 12-month sum of the trade balance came in at USD 193 billion, below April’s USD 196 billion result.

The analysts FocusEconomics surveyed this month project Russia’s exports will reach USD 429 billion in 2019. Panelists expect exports to reach USD 443 billion in 2020.

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

Bond Yield7.310.13 %Jul 11
Exchange Rate63.80-0.12 %Jul 11
Stock Market2,790-1.03 %Jul 11

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