Russia Trade Surplus Widens 12.2% YoY In May


Russian trade surplus increased by 12.2 percent to $8.5 billion in May 2017 from $7.6 billion in the same month a year earlier and slightly above market expectations of a $8.3 billion surplus. Exports rose 27.8 percent to $28.1 billion and imports went up 35.9 percent to $19.6 billion.

Exports increased by 27.8 percent to $28.1 billion from $22 billion in May 2016. It was the seventh straight month of gains in sales, following 2 years of decreases. Exports to non-CIS countries advanced 28.2 percent to $ 24.1 billion (from 20 percent in April) while those to CIS countries went up 25.4 percent to $4.1 billion (from 20.5 percent). 

Imports went up 35.9 percent to $19.6 billion from $14.4 billion a year earlier. It was the highest reading since December of 2015. Imports rose for the 10th month in a row after two and a half years of declines. Imports from non-CIS countries climbed 36.6 percent to $16.1 billion (from 21.4 percent in April) and those from CIS countries advanced by 31 percent to $2.2 billion (from 6.3 percent).

The trade surplus with non-CIS countries jumped by 10.4 percent to $6.7 billion while with CIS countries went up 19.2 percent to $1.8 billion.

Yekaterina Guchshina | yekaterina@tradingeconomics.com
7/12/2017 1:14:40 PM