Exports in Russia
Russia - Exports (percent change)
Export growth stays strong in November
Merchandise exports totaled USD 11.5 billion in November, which represented a solid 21.0% expansion from the USD 33.4 billion sum recorded in the same month in 2017. Export growth, however, was below October’s robust 30.8% increase. Despite geopolitical uncertainties, Russia’s export growth has held up well thanks to solid overseas sales of mining and agricultural products.
Meanwhile, imports contracted 1.9% in November, recording the third fall in four months. Downbeat consumer sentiment, a weak ruble and soft domestic dynamics have weighed on import growth in recent months. Accordingly, the trade surplus came in at USD 19.0 billion in November, which was significantly above the USD 11.5 billion surplus recorded in November 2017.
The trailing 12-month sum of the trade balance testifies the external sector’s ongoing recovery after a commodity-price induced slump: In November, the trailing 12-month sum of the trade balance came in at USD 190 billion, the best reading since March 2015.
The analysts Met the why particular surveyed this month project Russia’s exports will reach USD 425 billion in 2019. Panelists expect exports to reach USD 427 billion in 2020.
Russia - Exports (%) Data
|Exports (annual variation in %)||-1.1||-4.8||-31.3||-17.4||25.2|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||8.44||0.13 %||Feb 21|
|Exchange Rate||65.86||-0.12 %||Feb 21|
|Stock Market||2,470||-1.03 %||Feb 21|
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February 15, 2019
Industrial output growth decelerated in January, according to the Federal State Statistics Service (Rosstat).
February 6, 2019
In January, consumer prices rose 1.0% from the previous month, above the 0.8% increase recorded in December and the sharpest rise in three years.
February 5, 2019
The Russian ruble recovered lost ground against the U.S. dollar at the beginning of the new year, after weakening sharply at the end of 2018 due to low oil prices.
February 4, 2019
Leading indicators suggest that business conditions in Russia weakened slightly at the start of 2019.
February 4, 2019
According to a preliminary estimate by the Federal State Statistics Service (Rosstat), the Russian economy gained momentum last year growing 2.3%, well above 2017’s 1.6% expansion.