Russia Balance of Trade 1997-2014 | Data | Chart | Calendar | Forecast

Russia recorded a trade surplus of 13957 USD Million in June of 2014. Balance of Trade in Russia averaged 8846.75 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
13957.00 18280.00 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. Content for - Russia Balance of Trade - was last refreshed on Wednesday, August 20, 2014.


Russia Trade Surplus Deteriorates Sharply in June


Russian trade surplus narrowed 24 percent to USD 13.97 billion in June of 2014 from USD 18.28 billion reported in previous month as exports decreased 8 percent and imports grew 3 percent.

On a monthly basis, sales to countries outside the Commonwealth of Independent States (CIS) decreased 6.6 percent while shipments to the CIS countries fell 15 percent. Shipments to countries outside CIS account for around 85 percent of Russia's total exports. 

Year-on-year, trade surplus declined 2.6 percent. Exports fell 2.6 percent to USD 40.74 billion in June. Sales to countries outside the Commonwealth of Independent States (CIS) decreased 3.6 percent while shipments to the CIS countries jumped 1.6 percent.  Imports declined 5.2 percent to USD 26.79 billion. Purchases from non-CIS dropped 2.1 percent while from the CIS countries shrank by 17.2 percent.

Central Bank of Russia | anna@tradingeconomics.com
8/11/2014 4:58:26 PM


Recent Releases

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. Published on 2014-07-11

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


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 01:00 PM Russia
Balance of Trade
Jun 2014 $ 13.96B $ 18.28B $ 16.3B $ 16.7B


Trade Last Previous Highest Lowest Unit
Balance of Trade 13957.00 18280.00 20356.00 -185.00 USD Million [+]
Exports 40745.00 44277.00 50248.00 4100.00 USD Million [+]
Imports 26788.00 25997.00 32486.00 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 10083.00 10103.00 10131.00 5707.00 BBL/D/1K [+]





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