Russia Balance of Trade  1997-2017 | Data | Chart | Calendar | Forecast

Russian trade surplus increased by 4.7 percent to $11.83 billion in December 2016 from $11.3 billion in the same month a year earlier, well above market expectations of a $9.85 billion surplus. Exports rose 8.3 percent, the second consecutive monthly increase since July 2014; and imports went up 10.6 percent, the fifth month in a row of growth. Considering the full 2016, the trade surplus shrank 39.1 percent to $90.4 billion from $148.5 billion in 2015, as exports fell 17.5 percent and imports declined at a much slower 0.8 percent. Balance of Trade in Russia averaged 9065.87 USD Million from 1997 until 2016, reaching an all time high of 20356 USD Million in January of 2012 and a record low of -185 USD Million in February of 1998.

Russia Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-12-12 01:00 PM Oct $6.6B $7.38B $8.2B $ 6.7B
2017-01-16 01:00 PM Nov $9.1B $6.6B $7.6B $6.8B
2017-02-10 01:00 PM Dec $11.83B $9.1B $9.85B $9.2B
2017-03-14 01:00 PM Jan $11.83B $6.0B
2017-04-11 01:00 PM Feb $6.9B
2017-05-12 01:00 PM Mar $7.8B




Russia Trade Surplus Widens 4.7% YoY In December


Russian trade surplus increased by 4.7 percent to $11.83 billion in December 2016 from $11.3 billion in the same month a year earlier, well above market expectations of a $9.85 billion surplus. Exports rose 8.3 percent, the second consecutive monthly increase since July 2014; and imports went up 10.6 percent, the fifth month in a row of growth. Considering the full 2016, the trade surplus shrank 39.1 percent to $90.4 billion from $148.5 billion in 2015, as exports fell 17.5 percent and imports declined at a much slower 0.8 percent.

Exports increased by 8.3 percent to $31.1 billion from $28.7 billion in December 2015. It was the highest level since March 2015 and second annual rise since July 2014, as exports to non-CIS countries advanced 10.4 percent (from 6.4 percent in November) while those to CIS countries fell 3.8 percent (from -3 percent). Imports went up 10.6 percent to $19.3 billion from $17.4 billion a year earlier, marking the fifth consecutive month of gains. Imports from non-CIS countries climbed 10.5 percent (from 6.1 percent in November) and those from CIS countries advanced by 11.5 percent (from 9.3 percent).

The trade surplus with non-CIS countries rose 10.1 percent to $9.8 billion from $8.9 billion a year ago while with CIS countries it fell 15.2 percent to $2.1 billion from $2.4 billion.

Considering the full 2016, the trade surplus shrank 39.1 percent to $118.3 billion from $148.5 billion in the same period of 2015, as exports fell 17.5 percent to $281.8 billion and imports declined at a much slower 0.8 percent to $191.4 billion.

Yekaterina Guchshina | yekaterina@tradingeconomics.com
2/10/2017 1:15:43 PM



Russia Trade Last Previous Highest Lowest Unit
Balance of Trade 11834.00 9137.00 20356.00 -185.00 USD Million [+]
Exports 31128.00 26648.00 50248.00 4100.00 USD Million [+]
Imports 19294.00 17511.00 32481.00 2691.00 USD Million [+]
Current Account 7800.00 404.00 39286.00 -3774.00 USD Million [+]
Current Account to GDP 1.80 5.10 18.00 -1.40 percent [+]
External Debt 518.70 519.40 732.80 151.30 USD Billion [+]
Capital Flows 2894.31 840.99 32844.54 -47722.55 USD Million [+]
Gold Reserves 1542.66 1498.74 1542.66 343.41 Tonnes [+]
Crude Oil Production 10826.00 10729.00 10826.00 5707.00 BBL/D/1K [+]
Remittances 4478.00 4637.00 5728.00 1359.00 USD Million [+]
Terrorism Index 5.43 6.21 7.21 5.43 [+]
Weapons Sales 5483.00 5468.00 8695.00 1478.00 USD Million [+]
Foreign Direct Investment 7115.00 -385.00 40140.00 -3922.00 USD Million [+]



Russia Balance of Trade Notes

Russia has been running regular trade surpluses since 1998 primarily due to high exports of commodities like crude oil and natural gas. In 2015, trade surplus narrowed significantly, led by the plunge in oil prices and sanctions imposed by Europe and US over Ukraine crisis. In 2015, the biggest trade surpluses were recorded with: Netherlands, Turkey, Italy and Japan. The biggest trade deficits were recorded with: China, the United States and France. This page provides - Russia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Balance of Trade - actual data, historical chart and calendar of releases - was last updated on February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
11834.00 9137.00 20356.00 -185.00 1997 - 2016 USD Million Monthly



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Madagascar 20810.00 Dec/16
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Malaysia 8720.00 Dec/16
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Mexico 28.00 Dec/16
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Monaco -104.50 Jun/16
Mongolia 151.40 Jan/17
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Morocco -16689.00 Dec/16
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Myanmar -303.20 May/16
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Netherlands 5494.00 Dec/16
New Caledonia -7307.00 Oct/16
New Zealand -41.38 Dec/16
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Niger -108402.00 Sep/16
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North Korea -476.67 Dec/15
Norway 25045.75 Jan/17
Oman 90.00 Sep/16
Pakistan -309673.00 Jan/17
Palestine -372.00 Dec/16
Panama -1009640.52 Dec/16
Papua New Guinea 3223.00 Jun/16
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Peru 1023.00 Dec/16
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Sweden 1000.00 Dec/16
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