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

Russia's trade surplus narrowed to USD 7.35 billion in February of 2016, from a USD 13.97 billion surplus a year earlier. Exports shrank 31.4 percent and imports decreased at a slower 19.9 percent. Balance of Trade in Russia averaged 9142.64 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
7353.00 7297.00 20356.00 -185.00 1997 - 2016 USD Million Monthly
Russia runs regular trade surpluses primarily due to high exports of commodities like crude oil and natural gas. In 2013, the biggest trade surpluses were recorded with: Netherlands, Italy, Turkey and Poland. 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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-11 01:00 PM Dec $10.98B $9.1B $ 10B $ 9.3B
2016-03-11 01:00 PM Jan $7.9B $10.98B $ 9.75B $ 11.0B
2016-04-11 01:00 PM Feb $7.35B $7.29B $7.2B $ 7.1B
2016-05-12 01:00 PM Mar $7.35B $ 8.5B $ 8.1B
2016-06-10 01:00 PM Apr $ 9.7B
2016-07-11 01:00 PM May 6.8B

Russia Trade Surplus Down 47% in February


Russia's trade surplus narrowed to USD 7.35 billion in February of 2016, from a USD 13.97 billion surplus a year earlier. Exports shrank 31.4 percent and imports decreased at a slower 19.9 percent.

Exports fell 31.3 percent year-on-year to USD 20.17 billion while imports decreased 16.8 percent to USD 12.8 billion, central bank data showed. 

The trade surplus with non-CIS countries declined 47 percent to USD 5.8 billion (-56.3 percent year-on-year in January) and trade surplus with CIS countries fell 47.6 percent to USD 1.5 billion (-36.3 percent year-on-year in January).

According to more detailed data from Russian Customs Statistics, trade surplus went down by 51.4 percent year-on-year to USD 8.0 billion in February 2015. Exports decreased by 31.2 percent to USD 20.1 billion while imports fell by 17.4 percent to USD 12 billion. 

Exports to non-CIS countries decreased to USD 17.6 billion. The biggest drop was reported for: fuels and energy products (by 40 percent to USD 10.2 billion) followed by metals (by 30.2 percent to USD 1.9 billion); chemical products (by 12 percent to USD 1.5 billion), machinery and equipment (by 9.5 percent to USD 1.3 billion) and foodstuffs and raw materials (by 30.8 percent to USD 1.1 billion). Exports to CIS countries declined to USD 2.5 billion: fuels and energy products (by 43.5 percent to USD 1.0 billion); machinery and equipment (by 60.1 percent to USD 0.26 billion); chemical products (by 16 percent to USD  0.37 billion); metals (by 27 percent to USD 0.26 billion) and foodstuffs and raw materials (by 5.4 percent to USD 0.3 billion).  

Imports from non-CIS countries declined by 16.6 percent to USD 10.9 billion. The biggest drop was reported for: machinery and equipment (by 23 percent to 4.8 billion) followed by chemical products (by 14 percent to USD 2.1 billion); textiles and footwear (by 12 percent to USD 0.9 billion); metals (by 14 percent to USD 0.6 billion). Purchases from CIS countries went down to USD by 20 percent to 1.1 billion led by machinery and equipment (by 12.0 percent to USD 0.25 billion); foodstuffs and raw materials (by 20 percent to USD 0.23 billion); chemical products (by 16 percent to USD 0.18 billion) and metals (by 8.7 percent to USD 0.13 billion).

The biggest trade surpluses in February were recorded with the Netherlands (USD 2.1 billion); Turkey (USD 0.8 billion) Italy (USD 0.5 billion) and Belgium (USD 0.4 billion). The largest trade deficits were recorded with China (USD 0.9 billion trade gap) and Indonesia (USD 0.2 billion gap). 

Yekaterina Guchshina | yekaterina@tradingeconomics.com
4/11/2016 2:17:35 PM

Russia Trade Last Previous Highest Lowest Unit
Balance of Trade 7353.00 7297.00 20356.00 -185.00 USD Million [+]
Exports 22067.00 20171.00 50248.00 4100.00 USD Million [+]
Imports 15217.00 12818.00 32486.00 2691.00 USD Million [+]
Current Account 11700.00 13000.00 39286.00 -3637.00 USD Million [+]
Current Account to GDP 3.10 1.70 18.00 -1.40 percent [+]
External Debt 516.10 515.30 732.80 515.30 USD Billion [+]
Capital Flows 17078.00 12344.00 32843.00 -43071.00 USD Million [+]
Gold Reserves 1414.54 1352.21 1414.54 343.41 Tonnes [+]
Crude Oil Production 10485.00 10407.00 10485.00 5707.00 BBL/D/1K [+]
Remittances 4863.00 4226.00 5728.00 1359.00 USD Million [+]
Terrorism Index 6.21 6.64 7.21 6.04 [+]
Foreign Direct Investment 52.00 -564.00 40140.00 -3922.00 USD Million [+]




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