Russia Trade Surplus Below Market Expectations In April


Russian trade surplus increased by 21.1 percent to $8 billion in April 2017 from $6.6 billion in the same month a year earlier and below market expectations of a $8.5 billion surplus. Exports rose 20 percent to $26.1 billion and imports went up 19.6 percent to $18.1 billion.

Exports increased by 20 percent to $26.1 billion from $21.7 billion in April 2016. Exports to non-CIS countries advanced 20 percent to $ 22.2 billion (from 37.2 percent in March) while those to CIS countries went up 20.5 percent to $3.8 billion (from 23 percent). 

Imports went up 19.6 percent to $18.1 billion from $15.1 billion a year earlier. Imports from non-CIS countries climbed 21.4 percent to $16.1 billion (from 20.1 percent in March) and those from CIS countries advanced by 6.3 percent to $1.9 billion (from 36.6 percent).

The trade surplus with non-CIS countries jumped by 76.2 percent to $10.7 billion while with CIS countries went up 10.7 percent to $1.9 billion.

According to more detailed data from Russian Customs Statistics, trade surplus went up by 16 percent year-on-year to $8.7 billion. Exports surged by 17.5 percent to $25.8 billion and imports rose by 18.3 percent to $17.1 billion. 

Exports rose mainly for: mineral products (31.1 percent to $16.4 billion) followed by metals (19.2 percent to $2.7 billion); chemical products (12.3 percent to $1.9 billion); foodstuffs and raw materials (6.2 percent to $1.5 billion) and wood, pulp and paper products (3.7 percent to $0.9 billion).

Imports went up for: machinery and equipment (24.7 percent to $8.4 billion) followed by chemical products (9 percent to $3.1 billion); foodstuffs and raw materials (11.7 percent to $2.2 billion); textiles and footwear (17.5 percent to $0.8 billion) and metals (38.9 percent to  $1.1 billion).


Yekaterina Guchshina | yekaterina@tradingeconomics.com
6/9/2017 1:26:02 PM