Trade Balance in Russia

Russia Trade Balance | Economic News & Forecasts

Russia - Trade Balance

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 - Trade Balance Data

2013  2014  2015  2016  2017  
Trade Balance (USD billion)181  189  148  90.3  115  

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Russia Trade Balance Chart

Russia Trade
Note: Trade balance in USD billion.
Source: Central Bank of the Russian Federation (CBR).

Russia Facts

Bond Yield8.700.13 %Nov 29
Exchange Rate66.94-0.12 %Nov 29
Stock Market2,399-1.03 %Nov 29

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