Trade Balance in Russia
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
|Trade Balance (USD billion)||181||189||148||90.3||115|
5 years of economic forecasts for more than 30 economic indicators.
Russia Trade Balance Chart
Source: Central Bank of the Russian Federation (CBR).
|Bond Yield||8.70||0.13 %||Nov 29|
|Exchange Rate||66.94||-0.12 %||Nov 29|
|Stock Market||2,399||-1.03 %||Nov 29|
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November 22, 2018
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.
November 13, 2018
A preliminary estimate of national accounts data released by Rosstat on 11 November revealed that the economic recovery lost steam in the third quarter, following a sharp acceleration in the second quarter.
November 7, 2018
In October, consumer prices rose 0.4% from the previous month, above the 0.2% growth recorded in September.
November 5, 2018
Business conditions in Russia’s manufacturing and services sectors improved in October.
October 26, 2018
At its 26 October meeting, the Board of Directors of the Central Bank of the Russian Federation (CBR) decided to leave the key interest rate unchanged at 7.50%, matching market analysts’ expectations.