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.

Year-on-year, exports shrank 24.1 percent to USD 37.6 billion, following a 21.7 percent drop in November. Shipments to countries outside the Commonwealth of Independent States (CIS) dropped 23.5 percent while sales to the CIS countries – Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, Ukraine and Uzbekistan - fell 27.1 percent.

Imports declined 24 percent to USD 24.7 billion. Purchases from the non-CIS countries fell 21.9 percent while those from the CIS countries dropped 39.2 percent. 

In November of 2014, Russia posted a USD 13.6 billion surplus. 

Considering last three months of 2014, exports shrank 17.4 percent year-on-year while imports decreased at a faster 19.4 percent.

Russia Trade Surplus at 3-Month Low

Central Bank of Russia | Joana Taborda |
2/11/2015 1:16:12 PM