Russia Balance of Trade  1997-2016 | Data | Chart | Calendar | Forecast

Russia's trade surplus decreased to $7.38 billion in September 2016, from a $9.5 billion surplus a year earlier while above market expectations of $6.9 billion. Exports dropped 3 percent, the lowest decline since August 2014. Meanwhile, imports rose for the second consecutive month by 7.9 percent. Considering the first nine months of the year, the trade surplus shrank 46.6 percent to USD 63.1 billion, as exports fell 23.4 percent and imports declined 4 percent. Balance of Trade in Russia averaged 9078.97 USD Million from 1997 until 2016, reaching an all time high of 20356.00 USD Million in January of 2012 and a record low of -185.00 USD Million in February of 1998.

Russia Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-09 01:00 PM Jul $6.5B $8.1B $ 6.1B $ 6.5B
2016-10-12 01:00 PM Aug $4.9B $6.5B $7.2B $ 3.6B
2016-11-11 01:00 PM Sep $7.38B $4.9B $6.9B $ 6.1B
2016-12-12 01:00 PM Oct $7.38B $8.2B $ 6.7B
2017-01-16 01:00 PM Nov
2017-02-10 01:00 PM Dec




Russia Trade Surplus Above Expectations in September


Russia's trade surplus decreased to $7.38 billion in September 2016, from a $9.5 billion surplus a year earlier while above market expectations of $6.9 billion. Exports dropped 3 percent, the lowest decline since August 2014. Meanwhile, imports rose for the second consecutive month by 7.9 percent. Considering the first nine months of the year, the trade surplus shrank 46.6 percent to USD 63.1 billion, as exports fell 23.4 percent and imports declined 4 percent.

Exports shrank 3 percent year-on-year to USD 25.5 billion. Sales fell for the 28th straight month in a row while the least since August 2014. Imports went up 7.9 percent to USD 18.1 billion, for the second consecutive month, central bank data showed.

The trade surplus with non-CIS countries declined 24.4 percent to USD 5.7 billion while with CIS countries fell at a slower 14.3 percent to USD 1.6 billion.

Yekaterina Guchshina| yekaterina@tradingeconomics.com
11/11/2016 1:26:05 PM



Russia Trade Last Previous Highest Lowest Unit
Balance of Trade 7383.00 4926.00 20356.00 -185.00 USD Million [+]
Exports 25037.00 23301.00 50248.00 4100.00 USD Million [+]
Imports 17654.00 18375.00 32481.00 2691.00 USD Million [+]
Current Account 1900.00 1459.00 39286.00 -3637.00 USD Million [+]
Current Account to GDP 5.10 3.10 18.00 -1.40 percent [+]
External Debt 516.10 521.50 732.80 151.30 USD Billion [+]
Capital Flows 4000.00 1663.99 32844.54 -47722.55 USD Million [+]
Gold Reserves 1542.66 1498.74 1542.66 343.41 Tonnes [+]
Crude Oil Production 10316.00 10254.00 10522.00 5707.00 BBL/D/1K [+]
Remittances 4637.00 3837.00 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 7115.00 -385.00 40140.00 -3922.00 USD Million [+]



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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
7383.00 4926.00 20356.00 -185.00 1997 - 2016 USD Million Monthly



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