Russia Balance of Trade 1997-2015 | Data | Chart | Calendar | Forecast

Russia recorded a trade surplus of 13600 USD Million in March of 2015. Balance of Trade in Russia averaged 9044.80 USD Million from 1997 until 2015, 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.

     Forecast  
Russia Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
13600.00 13597.00 20356.00 -185.00 1997 - 2015 USD Million Monthly
Russia runs regular trade surpluses primarily due to high exports of commodities like crude oil and natural gas. In 2013, the biggest trade surpluses were recorded with: Netherlands, Italy, Turkey and Poland. 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. Content for - Russia Balance of Trade - was last refreshed on Saturday, April 25, 2015.


Russia Trade Surplus Widens in February


Russian trade surplus increased for the first time in four months year-on-year to USD 13.6 billion in February of 2015 from USD 12.5 billion a year earlier as the contraction in exports and imports slowed.

Year-on-year, exports fell 19.9 percent (-30.5 percent in the previous month) to USD 29.16 billion. Imports shrank 35.4 percent (-40.7 percent in January) to USD 15.6 billion. 

Exports have been on a downward trend since the beginning of 2014 due to the ruble depreciation – the currency lost more than 80 percent against the USD last year. However, it gained more than 12 percent against the greenback since the beginning of 2015, as high-yield assets are attracting investors. In December last year, the central bank increased the benchmark interest rate to 17 percent to limit ruble depreciation but has since lowered it twice, now standing at 14 percent.

From January to February, exports rose a non-seasonally adjusted 6 percent while imports surged 25 percent.

Central Bank of Russia | Joana Taborda | joana.taborda@tradingeconomics.com
4/10/2015 11:45:44 AM


Recent Releases

Russia Trade Surplus Narrows in January
Russian trade surplus decreased to USD 15 billion in the first month of 2015 from a USD 18.7 billion surplus a year earlier as exports posted the biggest drop in more than five years. Published on 2015-03-13

Russia Trade Surplus at 3-Month Low
Russian trade surplus shrank 24 percent to USD 12.93 billion in December of 2014 after declining 25 percent a month earlier. Published on 2015-02-11


Calendar GMT Event Actual Previous Consensus Forecast (i)
2015-02-11 09:30 AM
Balance of Trade  Dec
$ 12.93B $ 13.4B $ 9.9B $ 14.6B
2015-03-13 01:00 PM
Balance of Trade  Jan
$15.0B $ 12.93B $ 14.50B $ 13B
2015-04-10 10:30 AM
Balance of Trade  Feb
$13.6B $15.0B $ 12.65B $ 11.7B
2015-05-12 10:30 AM
Balance of Trade  Mar
$13.6B $ 12.2B
2015-06-12 10:30 AM
Balance of Trade  Apr
$ 11.9B
2015-07-13 10:30 AM
Balance of Trade  May
$ 11.7B


Russia Trade Last Previous Highest Lowest Unit
Balance of Trade 13600.00 13597.00 20356.00 -185.00 USD Million [+]
Exports 29200.00 29159.00 50248.00 4100.00 USD Million [+]
Imports 15600.00 15562.00 32486.00 2691.00 USD Million [+]
Current Account 23542.00 15389.00 39286.00 -3637.00 USD Million [+]
Current Account to GDP 1.56 3.60 18.00 -1.40 percent [+]
External Debt 559.40 597.30 732.80 545.40 USD Billion [+]
Capital Flows -43071.00 -10260.00 3031.00 -43071.00 USD Million [+]
Gold Reserves 1208.18 1149.83 1208.18 343.41 Tonnes [+]
Crude Oil Production 10197.00 10173.00 10197.00 5707.00 BBL/D/1K [+]
Foreign Direct Investment -1.14 12131.00 40147.00 -1.14 Million USD [+]
Remittances 5081.00 4790.00 5728.00 1359.00 Million USD [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1256.00 Feb/15 -1003.00 2251.00 -3884.00 AUD Million [+]
Brazil 458.00 Mar/15 -2841.76 5659.37 -4058.14 USD Million [+]
Canada -984.00 Feb/15 -1475.00 8524.80 -2902.90 CAD Million [+]
China 30.81 Mar/15 606.19 606.19 -319.71 USD Hundred Million [+]
Euro Area 20300.00 Feb/15 7600.00 24009.80 -16638.00 EUR Million [+]
France -3449.00 Feb/15 -3710.00 2674.00 -7086.00 EUR Million [+]
Germany 19174.00 Feb/15 15900.00 23500.00 -535.91 EUR Million [+]
India -11790.00 Mar/15 -6847.00 258.90 -20210.90 USD Million [+]
Indonesia 1131.60 Mar/15 662.70 4641.92 -2329.13 USD Million [+]
Italy 3537.91 Feb/15 232.00 6923.00 -6389.30 EUR Million [+]
Japan 229.26 Mar/15 -425.00 1608.67 -2795.04 JPY Billion [+]
Mexico 558.30 Feb/15 -3248.00 1710.25 -3292.30 USD Million [+]
Netherlands 6009.00 Feb/15 4657.10 6009.00 -907.60 EUR Million [+]
Russia 13600.00 Mar/15 13597.00 20356.00 -185.00 USD Million [+]
South Korea 8380.51 Mar/15 7706.30 8380.51 -4043.45 USD Million [+]
Spain -2037200.00 Feb/15 -2596200.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 2525.00 Mar/15 2316.16 3894.91 -1478.68 CHF million [+]
Turkey -4655.64 Feb/15 -4320.27 24.51 -10453.06 USD Million [+]
United Kingdom -2859.00 Feb/15 -1536.00 2946.00 -5397.00 GBP Million [+]
United States -35444.00 Feb/15 -42676.00 1946.00 -67823.00 USD Million [+]