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

Russia's trade surplus decreased sharply to USD 6.8 billion in April 2016, from a USD 14.5 billion surplus a year earlier and below market expectations of USD 8.8 billion. It was the lowest reading since April 2009, as exports fell 28.8 percent while imports went down shrank 6.5 percent. Considering the first four months of the year, the trade surplus shrank 51.5 percent to USD 29.11 billion from USD 60.06 billion in the same period of 2015. Balance of Trade in Russia averaged 9126.16 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
6750.00 7712.00 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 July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-04-11 01:00 PM Feb $7.35B $7.29B $7.2B $ 7.1B
2016-05-12 01:00 PM Mar $7.7B $7.35B $ 8.5B $ 8.1B
2016-06-10 01:00 PM Apr $6.8B $7.7B $ 8.8B $ 8.9B
2016-07-11 01:00 PM May $6.8B $ 10.0B
2016-08-11 01:00 PM Jun $ 10.3B
2016-09-12 01:00 PM Jul $ 9.8B

Russia Trade Surplus Narrows to 7-Year Low


Russia's trade surplus decreased sharply to USD 6.8 billion in April 2016, from a USD 14.5 billion surplus a year earlier and below market expectations of USD 8.8 billion. It was the lowest reading since April 2009, as exports fell 28.8 percent while imports went down shrank 6.5 percent.

Exports fell 28.8 percent to USD 21.86 billion from USD 30.70 billion a year earlier while imports decreased at a slower 6.5 percent to USD 15.11 billion from USD 16.16 billion, central bank data showed. 

The trade surplus with non-CIS countries declined by 55.2 percent year-on-year to USD 5.41 billion and trade surplus with CIS countries fell by 45.2 percent to USD 1.34 billion.

Considering the first four months of the year, the trade surplus shrank 51.5 percent to USD 29.11 billion from USD 60.06 billion in the same period of 2015. Exports fell 32.1 percent while imports contracted 12.9 percent.

Joana Ferreira | joana.ferreira@tradingeconomics.com
6/10/2016 3:37:29 PM

Russia Trade Last Previous Highest Lowest Unit
Balance of Trade 6750.00 7712.00 20356.00 -185.00 USD Million [+]
Exports 21860.00 22989.00 50248.00 4100.00 USD Million [+]
Imports 15108.00 15277.00 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 1460.39 1414.54 1460.39 343.41 Tonnes [+]
Crude Oil Production 10485.00 10485.00 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 [+]
Weapons Sales 5483.00 5468.00 8695.00 1478.00 USD Million [+]
Foreign Direct Investment 3723.00 -428.00 40140.00 -3922.00 USD Million [+]




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Tanzania 100.80 Mar/16
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