Russia Trade Surplus Narrows to 7-Year Low

Russia's trade surplus decreased sharply to USD 6.8 billion in April 2016, from a USD 14.5 billion surplus a year earlier and below market expectations of USD 8.8 billion. It was the lowest reading since April 2009, as exports fell 28.8 percent while imports went down shrank 6.5 percent.

Exports fell 28.8 percent to USD 21.86 billion from USD 30.70 billion a year earlier while imports decreased at a slower 6.5 percent to USD 15.11 billion from USD 16.16 billion, central bank data showed. 

The trade surplus with non-CIS countries declined by 55.2 percent year-on-year to USD 5.41 billion and trade surplus with CIS countries fell by 45.2 percent to USD 1.34 billion.

Considering the first four months of the year, the trade surplus shrank 51.5 percent to USD 29.11 billion from USD 60.06 billion in the same period of 2015. Exports fell 32.1 percent while imports contracted 12.9 percent.

Russia Trade Surplus Narrows to 7-Year Low

Joana Ferreira |
6/10/2016 3:37:29 PM