Exports in Russia
Russia - Exports
Exports rebound in February
Merchandise exports totaled USD 34.0 billion in February, which represented a 8.6% expansion from the USD 21.4 billion sum recorded in the same month of 2018. The result contrasted January’s 11.4% contraction, which had marked the first fall since October 2016, and likely partly reflected solid oil exports.
Meanwhile, imports contracted 3.9% year-on-year in February, a larger drop then January’s 1.1% decrease. A weak domestic economy has caused import demand to shrivel in recent months. Accordingly, the trade surplus came in at USD 15.7 billion in February, which was above the USD 12.2 billion surplus recorded in February 2018.
The trailing 12-month sum of the trade balance came in at USD 195 billion, above January’s USD 191 billion result.
The analysts Met the why particular surveyed this month project Russia’s exports will reach USD 423 billion in 2019. Panelists expect exports to reach USD 435 billion in 2020.
Russia - Exports Data
|Exports (USD billion)||522||497||341||282||353|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||8.17||0.13 %||May 13|
|Exchange Rate||65.23||-0.12 %||May 13|
|Stock Market||2,509||-1.03 %||May 13|
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April 30, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit eased from 52.8 in March, the best reading since January 2017, to 51.8 in April.
April 26, 2019
At its 26 April meeting, the Board of Directors of the Central Bank of the Russian Federation (CBR) held the key interest rate at 7.75%, as was expected by market analysts.
April 15, 2019
Industrial output growth plunged in March, according to the Federal State Statistics Service (Rosstat).
April 11, 2019
Merchandise exports totaled USD 34.0 billion in February, which represented a 8.6% expansion from the USD 21.4 billion sum recorded in the same month of 2018.
April 8, 2019
In April, consumer prices rose 0.3% from the previous month, matching March’s increase.