Russia Trade Surplus Shrinks in November

Russian trade surplus narrowed 21.4 percent year-on-year to USD 13.4 billion in November of 2014, as exports declined the most in five years.

Year-on-year, exports shrank 21.7 percent to USD 36.65 billion, the lowest value in nine months. November decline is the biggest since September of 2009 when sales contracted an annual 33.4 percent. Shipments to countries outside the Commonwealth of Independent States (CIS) dropped 20.9 percent while sales to the CIS countries – Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, Ukraine and Uzbekistan - fell 26.1 percent.

Imports declined 21.8 percent to USD 23.3 billion, the lowest since January. Purchases from the non-CIS countries fell 19.6 percent while those from the CIS countries dropped 35.9 percent. 

In October of 2014, Russia posted a revised USD 14.2 billion surplus.

Russia Trade Surplus Shrinks in November

Central Bank of Russia | Joana Taborda |
1/16/2015 6:30:09 PM