Russia April Trade Surplus Larger than Expected

Russia's trade surplus widened by 95.5 percent to USD 15.32 billion in April 2018 from USD 7.83 billion in the same month a year earlier, beating market expectations of a USD 14.0 billion surplus.

Exports jumped 38.9 percent to USD 36.25 billion in April from USD 26.10 billion a year ago, as exports to non-CIS countries climbed 41.6 percent to USD 31.52 billion and those to CIS countries went up 23.4 percent to USD 4.72 billion. 

Imports went up at a softer 14.6 percent to USD 20.93 billion from USD 18.26 billion a year earlier. Imports from non-CIS countries increased 14.4 percent to USD 18.65 billion and those from CIS countries advanced 16.1 percent to USD 2.28 billion. 

The trade surplus with non-CIS countries grew 115.6 percent to USD 12.87 billion from USD 5.97 billion a year ago; and with CIS countries it widened 31 percent to USD 2.44 billion from USD 1.86 billion.

Considering January-April, the trade surplus widened to USD 59.50 billion from USD 42.32 billion in the same period of 2017.

Russia April Trade Surplus Larger than Expected

Joana Ferreira |
6/11/2018 8:17:01 AM