Trade Balance in Russia
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
|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||7.31||0.13 %||Jul 11|
|Exchange Rate||63.80||-0.12 %||Jul 11|
|Stock Market||2,790||-1.03 %||Jul 11|
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July 18, 2019
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.
July 16, 2019
Industrial production rose 3.3% in annual terms in June, accelerating notably from May’s modest 0.9% year-on-year increase.
July 9, 2019
In June, consumer prices remained flat on a monthly basis, compared to May’s 0.3% month-on-month increase.
July 8, 2019
The consumer confidence index published by the Federal Statistics Service (Rosstat) ticked up to minus 15 points in the second quarter, from minus 16 points in the first quarter.
July 4, 2019
A third estimate of national accounts data released by Rosstat on 3 July confirmed that growth plunged to 0.5% year-on-year in the first quarter of 2019.