Exports in Russia

Russia Exports | Economic News & Forecasts

Russia - Exports

Export growth moderates in June

Merchandise exports totaled USD 36.6 billion in June, which represented a solid 23.8% expansion from the USD 29.5 billion sum recorded in the same month last year. Higher commodity prices and a solid global economy are helping support buoyant export growth. That said, growth in June was still below May’s robust 29.2%.

Meanwhile, imports grew 1.1% in annual terms in June, well below May’s 8.8% and marking the slowest expansion since July 2016. The trade surplus came in at USD 15.6 billion, which was significantly above the USD 8.8 billion surplus recorded in June 2017.

The ongoing recovery of Russia’s external sector is more clearly seen when examining the trailing 12-month sum of the trade balance: In June, the trailing 12-month sum of the trade balance hit an over two-year high, rising to USD 146 billion from May’s USD 111 billion.

Russia Exports Forecast

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

2013  2014  2015  2016  2017  
Exports (USD billion)522  497  341  282  353  

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Russia Facts

Bond Yield7.880.13 %Aug 07
Exchange Rate63.50-0.12 %Aug 07
Stock Market2,312-1.03 %Aug 07

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