Russia Balance of Trade

Russia recorded a trade surplus of 16112 USD Million in March of 2013. Balance of Trade in Russia is reported by the Central Bank of Russia. Historically, from 1997 until 2013, Russia Balance of Trade averaged 8457.39 USD Million reaching an all time high of 20647 USD Million in December of 2011 and a record low of -185 USD Million in February of 1998. Russia runs regular trade surpluses primarily due to exports of commodities. Russia main exports are oil and natural gas (58 percent of total exports), nickel, palladium, iron and chemical products. Others include: cars, military equipment and timber. Russia imports food, ground transports, pharmaceuticals and textile and footwear. Main trading partners are: China (7 percent of total exports and 10 percent of imports), Germany (7 percent of exports and 8 percent of imports) and Italy. This page includes a chart with historical data for Russia Balance of Trade.

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Russia Balance of Trade
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Russia Trade Surplus Narrows in February
Nuno Fontes | nuno@tradingeconomics.com  |  4/10/2013 3:14:08 PM


In February of 2013, the Russian trade surplus fell to $13.74 billion from $17.74 billion in January of 2012 according to a release from the Central Bank of Russia.

Compared to the previous month, exports increased from $39.04 billion to $40.00 billion and imports grew from $21.30 billion to $26.27 billion in the second month of 2013.

Compared to the same month in the previous year, exports decreased 11.4 percent while imports expanded 5.4 percent. In February of 2013, trade surplus fell from $20.25 billion a year earlier.

ARCHIVE
Russia Trade Surplus Widens in January
In January of 2013, the Russian trade surplus rose to $18.69 billion from $17.13 billion in December of 2012 according to a release from the Central Bank of Russia. 2013-03-05

Russia Trade Surplus Narrows in October
According to the numbers published by the Central Bank of Russia, the trade balance (set at $14.5 billion) decreased by 15.4% when compared with September and by 12.5% when compared with October 2011. 2012-12-13

Russia Trade Surplus Widens in December
Russia December of 2012 trade surplus rose to $17.1 billion from $15.36 billion in November according to a release from the Central Bank of Russia. 2013-02-12




Balance of Trade | Notes

The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and occurs when value of exports is higher than that of imports; a negative balance of trade is known as a trade deficit or a trade gap.






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