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

Russian trade surplus increased by 59 percent to $11.45 billion in January 2017 from $7.2 billion in the same month a year earlier, while below market expectations of a $13.2 billion surplus. Exports jumped 47.2 percent to $25.1 billion and imports went up 38.9 percent to $13.7 billion. 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)
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 $11.45B $11.83B $13.2B $12.1B
2017-04-11 01:00 PM Feb $11.45B $10.1B
2017-05-12 01:00 PM Mar $8B
2017-06-09 01:00 PM Apr $6.2B




Russia Trade Surplus Widens In January


Russian trade surplus increased by 59 percent to $11.45 billion in January 2017 from $7.2 billion in the same month a year earlier, while below market expectations of a $13.2 billion surplus. Exports jumped 47.2 percent to $25.1 billion and imports went up 38.9 percent to $13.7 billion.

Exports increased by 47.2 percent to $25.1 billion from $17 billion in January 2016. It was the biggest monthly increase since April 2010, as exports to non-CIS countries advanced 49.1 percent (from 10.4 percent in December) while those to CIS countries went up 34.7 percent (from -3.8 percent). 

Imports went up 38.9 percent to $13.7 billion from $9.8 billion a year earlier, marking the sixth consecutive month of gains. Imports from non-CIS countries climbed 35.8 percent (from 10.5 percent in December) and those from CIS countries advanced by 65.9 percent (from 11.5 percent).

The trade surplus with non-CIS countries jumped by 68.9 percent to 10 billion from $6 billion a year ago while with CIS countries went up 9.7 percent to $1.8 billion from $1.3 billion.

Yekaterina Guchshina | yekaterina@tradingeconomics.com
3/14/2017 1:13:17 PM



Russia Trade Last Previous Highest Lowest Unit
Balance of Trade 11445.00 11834.00 20356.00 -185.00 USD Million [+]
Exports 25121.00 31128.00 50248.00 4100.00 USD Million [+]
Imports 13676.00 19294.00 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 1615.22 1542.66 1615.22 343.41 Tonnes [+]
Crude Oil Production 10832.00 10826.00 10832.00 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 3861.00 7446.00 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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
11445.00 11834.00 20356.00 -185.00 1997 - 2017 USD Million Monthly



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