Trade Balance in Russia
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
|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||8.78||0.13 %||Sep 20|
|Exchange Rate||67.01||-0.12 %||Sep 20|
|Stock Market||2,111||-1.03 %||Sep 20|
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September 13, 2018
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.
September 12, 2018
A second estimate of national accounts data released by Rosstat on 11 September shows that the economic recovery gained further steam in the first quarter, following a sharp slowdown at the end of last year.
September 3, 2018
The Russian ruble tumbled in August, falling to the lowest levels seen in over two years.
September 3, 2018
Business conditions in Russia’s manufacturing sector improved somewhat in August.
August 27, 2018
Industrial output growth gained steam in July, according to the Federal State Statistics Service (Rosstat).