Exports in Russia
Russia - Exports
Export growth soars in July
Merchandise exports totaled USD 34.4 billion in July, which represented a strong 39.5% expansion from the USD 24.7 billion sum recorded in the same month last year. Moreover, growth came in above June’s already robust 23.8% expansion. A healthy global economy and higher commodity prices are fueling buoyant export growth.
Meanwhile, imports grew 0.9% in annual terms in July, slightly below June’s subdued 1.1% increase and marking the slowest expansion since July 2016. The trade surplus came in at USD 13.4 billion, which was significantly above the USD 3.8 billion surplus recorded in July 2017.
The trailing 12-month sum of the trade balance further testifies the strength of the external sector’s ongoing recovery: In July, the trailing 12-month sum of the trade balance hit an over two-and-a-half-year high, rising to USD 156 billion from June’s USD 146 billion.
The analysts Met the why particular surveyed this month project Russia’s exports will reach USD 115 billion in 2018. Panelists expect exports to reach USD 420 billion in 2019.
Russia - Exports Data
|Exports (USD billion)||522||497||341||282||353|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||8.56||0.13 %||Oct 16|
|Exchange Rate||65.75||-0.12 %||Oct 16|
|Stock Market||2,417||-1.03 %||Oct 16|
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October 1, 2018
Business conditions in Russia’s manufacturing sector improved in September.
September 26, 2018
Industrial output growth lost steam in August, according to the Federal State Statistics Service (Rosstat).
September 14, 2018
At its 14 September meeting, the Board of Directors of the Central Bank of the Russian Federation (CBR) increased the key interest rate to 7.50% from 7.25%, surprising market analysts who had expected the rate to remain unchanged.
September 13, 2018
Merchandise exports totaled USD 34.4 billion in July, which represented a strong 39.5% expansion from the USD 24.7 billion sum recorded in the same month last year.
September 12, 2018
A second estimate of national accounts data released by Rosstat on 11 September shows that the economic recovery gained further steam in the first quarter, following a sharp slowdown at the end of last year.