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

Russian trade surplus increased by 61.7 percent to $12.6 billion in March 2017 from $7.8 billion in the same month a year earlier and above market expectations of a $11.9 billion surplus. It was the largest trade surplus since June of 2015, as exports jumped 35.2 percent to $31.3 billion and imports went up 21.8 percent to $18.7 billion. Balance of Trade in Russia averaged 9090.01 USD Million from 1997 until 2017, 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)
2017-03-14 01:00 PM Jan $11.45B $11.83B $13.2B $12.1B
2017-04-11 01:00 PM Feb $10.17B $11.45B $10.5B $10.1B
2017-05-12 01:00 PM Mar $12.6B $10.17B $11.9B $11.3B
2017-06-09 01:00 PM Apr $12.6B $8.2B
2017-07-12 01:00 PM May $9.5B
2017-08-11 01:00 PM Jun $9.6B




Russia Trade Surplus At Near 2-Year High In March


Russian trade surplus increased by 61.7 percent to $12.6 billion in March 2017 from $7.8 billion in the same month a year earlier and above market expectations of a $11.9 billion surplus. It was the largest trade surplus since June of 2015, as exports jumped 35.2 percent to $31.3 billion and imports went up 21.8 percent to $18.7 billion.

Exports increased by 35.2 percent to $31.3 billion from $23.1 billion in March 2016. Exports to non-CIS countries advanced 37.2 percent to $ 27.3 billion (from 28.5 percent in February) while those to CIS countries went up 23 percent to $4 billion (from 24.6 percent). 

Imports went up 21.8 percent to $18.7 billion from $15.4 billion a year earlier. Imports from non-CIS countries climbed 20.1 percent to $16.6 billion (from 18.8 percent in February) and those from CIS countries advanced by 36.6 percent to $2.1 billion (from 42.2 percent).

The trade surplus with non-CIS countries jumped by 76.2 percent to $10.7 billion while with CIS countries went up 10.7 percent to $1.9 billion.

According to more detailed data from Russian Customs Statistics, trade surplus went up by 59.2 percent year-on-year to $13.9 billion. Exports surged by 34.6 percent to $31.6 billion and imports rose by 20 percent to $17.7 billion. 

Exports rose mainly for: fuels and energy products (46.8 percent to $19 billion) followed by metals (37.8 percent to $3.8 billion); chemical products (18.8 percent to $2.4 billion); foodstuffs and raw materials (40.8 percent to $2 billion) and machinery and equipment (1.2 percent to $1.7 billion).

Imports went up for: machinery and equipment (21.5 percent to $8.1 billion) followed by chemical products (22.7 percent to $3.5 billion); foodstuffs and raw materials (15.9 percent to $2.4 billion); textiles and footwear (26 percent to $1.1 billion) and metals (30.3 percent to  $1.2 billion).


Yekaterina Guchshina | yekaterina@tradingeconomics.com
5/12/2017 1:25:47 PM



Russia Trade Last Previous Highest Lowest Unit
Balance of Trade 12598.00 10171.00 20356.00 -185.00 USD Million [+]
Exports 31328.00 25753.00 50248.00 4100.00 USD Million [+]
Imports 18730.00 15582.00 32481.00 2691.00 USD Million [+]
Current Account 22800.00 10124.00 39286.00 -3774.00 USD Million [+]
Current Account to GDP 1.80 5.10 18.00 -1.40 percent [+]
External Debt 529.70 518.70 732.80 151.30 USD Billion [+]
Capital Flows 7140.13 2894.31 32844.54 -47722.55 USD Million [+]
Gold Reserves 1615.22 1542.66 1615.22 343.41 Tonnes [+]
Crude Oil Production 10733.00 10830.00 10832.00 5707.00 BBL/D/1K [+]
Remittances 5410.00 4478.00 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 21202.00 4212.00 40140.00 -3922.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
12598.00 10171.00 20356.00 -185.00 1997 - 2017 USD Million Monthly



balance of trade by Country

Last
Australia 3107.00 Mar/17
Brazil 6969.00 Apr/17
Canada -134.70 Mar/17
China 380.48 Apr/17
Euro Area 30899.90 Mar/17
France -5353.00 Mar/17
Germany 25385.00 Mar/17
India -13249.19 Apr/17
Indonesia 1238.30 Apr/17
Italy 5418.04 Mar/17
Japan 481.75 Apr/17
Mexico -183.00 Mar/17
Netherlands 6719.00 Mar/17
Russia 12598.00 Mar/17
South Korea 13254.00 Apr/17
Spain -2606000.00 Feb/17
Switzerland 1968.00 Apr/17
Turkey -4492.00 Mar/17
United Kingdom -4900.00 Mar/17
United States -43706.00 Mar/17