Exports increased by 4.9 percent to an eleven-month high of $26.65 billion from $25.40 billion in November 2015. It was the first annual rise since July 2014, as exports to non-CIS countries advanced 6.4 percent (from -6.7 percent in October) while those to CIS countries fell 3 percent (from -12.3 percent). Imports went up 6.4 percent to $17.51 billion from $16.46 billion a year earlier, marking the fourth consecutive month of gains. Imports from non-CIS countries climbed 6.1 percent (from +8.7 percent in October) and those from CIS countries advanced by 9.3 percent (from +4.5 percent).
The trade surplus with non-CIS countries rose 7 percent to $7.26 billion from $6.79 billion a year ago while with CIS countries it fell 13.1 percent to $1.87 billion from $2.16 billion.
Considering the first eleven months of the year, the trade surplus shrank 42.7 percent to $78.59 billion from $137.21 billion in the same period of 2015, as exports fell 19.8 percent to $250.70 billion and imports declined at a much slower 1.9 percent to $172.11 billion.