Imports in Russia

Russia Imports | Economic News & Forecasts

Russia - Imports

Export growth stays robust in September

Merchandise exports totaled USD 24.8 billion in September, which represented a healthy 24.8% expansion from the USD 21.4 billion sum recorded in the same month last year. However, growth came in slightly below August’s 28.7% increase. A solid global economy and higher commodity prices are fueling buoyant export growth, despite geopolitical uncertainties.

Meanwhile, imports contracted for the second month in a row, falling 2.9% in annual terms in September (August: -3.5% year-on-year). The fall likely reflects downbeat consumer sentiment and suggests that private consumption was weak in the month. Accordingly, the trade surplus came in at USD 18.5 billion, which was significantly above the USD 11.2 billion surplus recorded in August 2017 and marked the best reading in eight months.

The trailing 12-month sum of the trade balance testifies the external sector’s ongoing recovery after a commodity-price induced slump: In September, the trailing 12-month sum of the trade balance came in at USD 172 billion, the best reading since July 2015.

The analysts Met the why particular surveyed this month project Russia’s exports will reach USD 431 billion in 2019. Panelists expect exports to reach USD 438 billion in 2020.

Russia - Imports Data

2013  2014  2015  2016  2017  
Imports (USD billion)341  308  193  192  238  

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Russia Facts

ValueChangeDate
Bond Yield8.740.13 %Dec 14
Exchange Rate66.26-0.12 %Dec 14
Stock Market2,366-1.03 %Dec 14

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