Russia Balance of Trade

Russia recorded a trade surplus of 18280 USD Million in May of 2014. Balance of Trade in Russia averaged 8837.64 USD Million from 1997 until 2014, 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.

   
 
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Russia Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
18280.00 19840.00 20356.00 -185.00 1997 - 2014 USD Million Monthly
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 provides - Russia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.


Russia Trade Surplus Narrows in May


Russian trade surplus narrowed 7.8 percent over the previous month to USD 18.28 billion in May of 2014, as exports fell for the first time in three months. Compared with the same month of 2013, the trade surplus widened 25 percent, due to a surge in exports to the Commonwealth of Independent States countries.

On a monthly basis, unadjusted exports decreased 6.7 percent and imports fell 5.9 percent.

Year-on-year, exports increased 8 percent to USD 44.28 billion. Sales to countries outside the Commonwealth of Independent States (CIS) increased 5.7 percent year-on-year, lower than a 7 percent rise in the previous two months. Shipments to the CIS countries jumped 22.5 percent, the highest annual increase since November of 2011. 

Imports fell 1.4 percent year-on-year to USD 26 billion. Purchases from non-CIS countries rose for the first time this year by an annual 2 percent while imports from the CIS countries fell at a faster 22.1 percent.

In the first three months of 2014, Russian exports fell 1.6 percent over a year earlier while imports decreased at a faster 5.4 percent. 

The Central Bank of the Russian Federation | Joana Taborda | joana.taborda@tradingeconomics.com
7/11/2014 11:51:47 AM


Recent Releases

Russia Trade Surplus at 2-Year High
Russian trade surplus increased to USD 19.8 billion in April of 2014 from USD 19.7 billion in the previous month and USD 14.2 billion a year earlier. It is the highest surplus since February of 2012 as exports grew at its fastest annual pace in twenty five months. Published on 2014-06-11

Russia Trade Surplus Widens In March
Russian March foreign trade surplus increased to USD 19.71 billion from USD 12.43 billion in February, boosted by a surge in exports. A year earlier, the country posted a USD 15.66 billion surplus. Published on 2014-05-12


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-04-11 10:50 AM Russia
Balance of Trade
Feb 2014 $ 12.43B $ 18.9B $ 16B
2014-05-09 08:00 AM Russia
Balance of Trade
Mar 2014 $ 20.02B $ 12.43B $ 13.5B
2014-06-11 12:15 PM Russia
Balance of Trade
Apr 2014 $ 19.8B $ 19.7B $ 17.4B $ 15.5B
2014-07-11 10:30 AM Russia
Balance of Trade
May 2014 $ 18.28B $ 19.8B $ 18.7B $ 18.4B
2014-08-11 12:00 PM Russia
Balance of Trade
Jun 2014 $ 18.28B $ 18.7B


Trade Last Previous Highest Lowest Unit
Balance of Trade 18280.00 19840.00 20356.00 -185.00 USD Million [+]
Exports 44277.00 47453.00 50248.00 4100.00 USD Million [+]
Imports 25997.00 27617.00 32388.00 2691.00 USD Million [+]
Current Account 17100.00 27089.00 39494.00 -3637.00 USD Million [+]
Current Account to GDP 1.56 3.60 18.00 -1.40 Percent [+]
External Debt 720.90 723.90 732.00 545.40 USD Billion [+]
Capital Flows -21414.00 -4182.00 3031.00 -34209.00 USD Million [+]
Gold Reserves 1040.71 1035.21 1040.71 343.41 Tonnes [+]
Crude Oil Production 10103.00 10106.00 10165.00 5707.00 BBL/D/1K [+]





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