Trade Balance in Russia

Russia Trade Balance | Economic News & Forecasts

Russia - Trade Balance

Export growth soars in July

Merchandise exports totaled USD 34.4 billion in July, which represented a strong 39.5% expansion from the USD 24.7 billion sum recorded in the same month last year. Moreover, growth came in above June’s already robust 23.8% expansion. A healthy global economy and higher commodity prices are fueling buoyant export growth.

Meanwhile, imports grew 0.9% in annual terms in July, slightly below June’s subdued 1.1% increase and marking the slowest expansion since July 2016. The trade surplus came in at USD 13.4 billion, which was significantly above the USD 3.8 billion surplus recorded in July 2017.

The trailing 12-month sum of the trade balance further testifies the strength of the external sector’s ongoing recovery: In July, the trailing 12-month sum of the trade balance hit an over two-and-a-half-year high, rising to USD 156 billion from June’s USD 146 billion.

The analysts Met the why particular surveyed this month project Russia’s exports will reach USD 115 billion in 2018. Panelists expect exports to reach USD 420 billion in 2019.

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

ValueChangeDate
Bond Yield8.780.13 %Sep 20
Exchange Rate67.01-0.12 %Sep 20
Stock Market2,111-1.03 %Sep 20

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