Russia Trade Surplus Widens In March

Russian March foreign trade surplus increased to USD 19.71 billion from USD 12.43 billion in February, boosted by a surge in exports. A year earlier, the country posted a USD 15.66 billion surplus.

Exports rose 5.4 percent year-on-year to USD 46.87 billion, mainly due to a 6.4 percent increase in sales to countries outside the Commonwealth of Independent States (CIS). In contrast, shipments to the CIS countries fell 0.5 percent on the year. Gasoline exports increased by 15.2 percent; gasoil sales rose 16 percent and shipments of fuel oil advanced 3.5 percent. 

Imports fell 5.7 percent over a year earlier to USD 27.15 billion, due to an 18.6 percent drop in imports from the CIS countries and a 3.6 percent decrease in purchases from countries outside CIS. 

On a monthly basis, exports jumped 28.3 percent and imports surged 12.6 percent. 

Considering the first quarter of 2014, exports fell 1.8 percent compared with the same period of 2013, while imports decreased at a faster 6.8 percent. 

Russia Trade Surplus Widens In March

Joana Taborda |
5/12/2014 3:31:04 PM