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
|Trade Balance (USD billion)||181||189||148||90.2||115|
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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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.
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.
January 10, 2020
In December, consumer prices rose 0.4% over the previous month, up slightly from November’s 0.3% climb.
January 2, 2020
The IHS Markit Russia Services Business Activity Index came in at 53.1 in December, down from November’s 55.6.
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.