Russian Trade Surplus Narrows in May


Russia's trade surplus fell 13.3 percent year-on-year to $15 billion in May but was up from $14.23 billion in the previous month. Both exports and imports were down compared to May of 2012.

In May, exports decreased 8.9 percent yoy to $41.4 billion, amid falling fuel prices and weaker demand from major partners. Russian shipments have been contracting in annual basis since November of 2012. Sales to countries outside the Commonwealth of Independent States fell 3.8 percent to $37.6 billion. 

Imports decreased to $26.4 billion from $28.2 billion a year earlier. Purchases from non-CIS countries fell 5 percent to $22.9 billion.

Russian Trade Surplus Narrows in May


Nuno Fontes | nuno@tradingeconomics.com
7/11/2013 2:19:39 PM