Russia Balance of Trade  1997-2016 | Data | Chart | Calendar | Forecast

Russia's trade surplus decreased to USD 8.1 billion in June 2016, from a USD 13.8 billion surplus a year earlier while above market expectations of USD 7.46 billion. It was the biggest trade surplus since December last year, as exports and imports dropped at a slower 19.8 percent and 1.4 percent, respectively. Considering the first six months of the year, the trade surplus shrank 49.9 percent to USD 44.7 billion from USD 89.3 billion in the same period of 2015. Balance of Trade in Russia averaged 9119.32 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. Balance of Trade in Russia is reported by the Central Bank of Russia.

Russia Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
8114.00 7530.00 20356.00 -185.00 1997 - 2016 USD Million Monthly
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 August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-10 01:00 PM Apr $6.8B $7.7B $ 8.8B $ 8.9B
2016-07-12 01:00 PM May $7.5B $6.8B $7.2B $ 7.4B
2016-08-11 01:00 PM Jun $8.1B $7.5B $7.46B $ 7.3B
2016-09-09 01:00 PM Jul $8.1B $ 6.5B
2016-10-12 01:00 PM Aug $ 3.6B
2016-11-11 01:00 PM Sep $ 6.1B

Russia Trade Surplus at 6-Month High in June


Russia's trade surplus decreased to USD 8.1 billion in June 2016, from a USD 13.8 billion surplus a year earlier while above market expectations of USD 7.46 billion. It was the biggest trade surplus since December last year, as exports and imports dropped at a slower 19.8 percent and 1.4 percent, respectively. Considering the first six months of the year, the trade surplus shrank 49.9 percent to USD 44.7 billion from USD 89.3 billion in the same period of 2015.

Exports shrank 19.8 percent year-on-year to USD 24.1 billion while imports decreased 1.4 percent to USD 15.99 billion, central bank data showed. 

The trade surplus with CIS countries fell at a faster 44.7 percent to USD 6.5 billion and with non-CIS countries declined 22.1 percent to USD 1.6 billion.

According to more detailed data from Russian Customs Statistics, trade surplus went down by 47 percent year-on-year to USD 50.5 billion in January-June 2016. Exports decreased by 28.7 percent to USD 130.4 billion. Imports fell 8.9 percent to USD 79.9 billion.

Exports to non-CIS countries decreased by 29.2 percent to USD 159.3 billion. The biggest drop was reported for: fuels and energy products (- 35.5 percent) followed by metals (-24.4 percent); chemical products (- 28.3 percent) and machinery and equipment (-16.4 percent). In contrast, shipments of foodstuffs and raw materials rose by 8.7 percent. Exports to CIS countries dropped by 24.4 percent to USD 22.5 billion with all categories reporting declines: fuels and energy products (-36.1 percent); machinery and equipment (-35.8 percent); chemical products (-5.6 percent); metals (-17.8 percent) and foodstuffs and raw materials (-8.6 percent).  

Imports from non-CIS countries declined 7.7 percent to USD 70.7 billion. The biggest drop was reported for: machinery and equipment (-8.2 percent), followed by chemical products (-2.9 percent); foodstuffs and raw materials (-8.7 percent); textiles and footwear (-8.6 percent); metals (-11.3 percent). Purchases from CIS countries went down by 15.3 to USD 8.5 billion led by chemical products (-22.1 percent) and metals (-9.7 percent). In contrast, purchases rose for machinery and equipment (+ 2.9 percent) and foodstuffs and raw materials (+14.4 percent).

The main trade partners in 2015 were: China (28.3 billion USD trade turnover); Germany (18.2 billion USD); the Netherlands (15.5 billion USD); Italy (9.2 billion USD); the United States (8.8 billion USD); Turkey (7.4 billion USD); Japan (7.3 billion USD) and South Korea (6.6 billion USD).

Yekaterina Guchshina | yekaterina@tradingeconomics.com
8/11/2016 2:42:07 PM

Russia Trade Last Previous Highest Lowest Unit
Balance of Trade 8114.00 7530.00 20356.00 -185.00 USD Million [+]
Exports 23500.00 24110.00 50248.00 4100.00 USD Million [+]
Imports 16246.00 15996.00 32486.00 2691.00 USD Million [+]
Current Account 3344.00 12556.00 39286.00 -3637.00 USD Million [+]
Current Account to GDP 3.10 1.70 18.00 -1.40 percent [+]
External Debt 521.50 520.20 732.80 151.30 USD Billion [+]
Capital Flows 9025.96 17078.00 32843.00 -43071.00 USD Million [+]
Gold Reserves 1460.39 1414.54 1460.39 343.41 Tonnes [+]
Crude Oil Production 10440.00 10450.00 10522.00 5707.00 BBL/D/1K [+]
Remittances 3837.00 4863.00 5728.00 1359.00 USD Million [+]
Terrorism Index 6.21 6.64 7.21 6.04 [+]
Weapons Sales 5483.00 5468.00 8695.00 1478.00 USD Million [+]
Foreign Direct Investment -280.00 5081.00 40140.00 -3922.00 USD Million [+]




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Netherlands 4902.00 Jun/16
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