Russia Balance of Trade

Russia recorded a trade surplus of 12429 USD Million in February of 2014. Balance of Trade in Russia is reported by the Central Bank of Russia. Balance of Trade in Russia averaged 8656.97 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. 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. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
12429.00 18855.00 20356.00 -185.00 16066.83 | 2014/03 1997 - 2014 USD Million Monthly

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Russia Balance of Trade
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-17 12:30 PM Russia
Balance of Trade
Nov 2013 USD 16.55B USD 12.71B (R) USD 13.85B USD 15.3B
2014-02-11 01:30 PM Russia
Balance of Trade
Dec 2013 USD 15.8B USD 16.55B USD 14.2B USD 14.9B
2014-03-11 11:00 AM Russia
Balance of Trade
Jan 2014 USD 17.69B USD 15.8B USD 14.5B
2014-04-11 10:50 AM Russia
Balance of Trade
Feb 2014 USD 12.43B USD 18.9B USD 16B
2014-05-11 11:00 AM Russia
Balance of Trade
Mar 2014 USD 12.43B USD 16.1B
2014-06-11 11:00 AM Russia
Balance of Trade
Apr 2014 USD 16B
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Trade Last Previous Highest Lowest Forecast Unit
Current Account 27600.00 2014-02-15 8883.00 39494.00 -3637.00 16564.68 2014-06-30 USD Million [+]
Current Account to GDP 4.80 2012-12-31 5.50 18.00 -1.40 4.20 2013-12-31 Percent [+]
Capital Flows -4182.00 2013-11-15 3031.00 3031.00 -34209.00 USD Million [+]
Crude Oil Production 10050.00 2013-10-15 10082.00 10082.00 5707.00 Thousands Barrels per Day [+]
External Debt 723.90 2014-03-31 732.00 732.00 545.40 758.37 2014-03-31 USD Billion [+]
Balance of Trade 12429.00 2014-02-15 18855.00 20356.00 -185.00 16066.83 2014-03-31 USD Million [+]
Exports 36534.00 2014-02-15 39460.00 50248.00 4100.00 38712.05 2014-03-31 USD Million [+]
Imports 24105.00 2014-02-15 20605.00 33359.00 2691.00 25716.42 2014-03-31 USD Million [+]
[+]


Russia Trade Surplus Narrows Sharply in February

Russian trade surplus decreased 34 percent in February of 2014 over the previous month to USD 12.43 billion, mainly due to a sharp fall in exports to countries outside the Commonwealth of Independent States. Compared with the same month last year, the surplus narrowed 18.5 percent.

Exports fell 12.7 percent year-on-year to USD 36.534 billion. On a monthly basis, sales contracted for the second straight month by 7.4 percent, after February’s 19.7 percent fall.  

Year-on-year, sales to countries outside the Commonwealth of Independent States decreased 14.3 percent while exports to the Commonwealth of Independent States shrank at a slower 2.8 percent. 

On a monthly basis, sales to non-CIS countries decreased 9 percent, but those to CIS countries rose 2.9 percent. Gasoline exports fell by 23.1 percent as domestic demand increased, but gasoil and fuel oil exports rose by 2.7 percent and by 0.2 percent, respectively.

Imports amounted to USD 24.1 billion, down by 9.4 percent year-on-year, but up by 17 percent on a monthly basis.  

Considering the first two months of 2014 together, aluminium and nickel exports to countries outside the Commonwealth of Independent States declined in volume terms, while copper exports rose.

Wheat exports surged 358 percent in volume terms, mainly due to sales to non-CIS countries. Shipments of red meat and poultry decreased by 15 percent and 11.7 percent, respectively.

Joana Taborda | joana.taborda@tradingeconomics.com
4/11/2014 11:54:41 AM

RECENT RELEASES

Russia Trade Surplus Up to 2-Year High
In the first month of 2014, Russian trade surplus widened to USD 18.86 billion, up from USD 15.8 billion a month earlier and USD 17.21 billion in the same month last year, as imports dropped to the lowest value in three years. Published on 2014-03-14

Russia Trade Surplus Narrows in December
In December of 2013, Russian trade surplus decreased to USD 15.79 billion, as imports surged to a new record high. In November, the surplus had widened to a 10-month high. Published on 2014-02-11


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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