Russia May Trade Surplus Smaller than Expected

Russia's trade surplus widened by 75.5 percent to USD 15.15 billion in May 2018 from USD 8.63 billion in the same month a year earlier, but still below market expectations of a USD 18.06 billion surplus.

Exports jumped 29.2 percent to USD 36.51 billion in May from USD 28.26 billion a year ago, as exports to non-CIS countries climbed 31.5 percent to USD 31.83 billion and those to CIS countries went up 15.6 percent to USD 4.68 billion. 

Imports went up at a softer 8.8 percent to USD 21.36 billion from USD 19.63 billion a year earlier. Imports from non-CIS countries increased 9.2 percent to USD 19.03 billion and those from CIS countries advanced 6.2 percent to USD 2.33 billion. 

The trade surplus with non-CIS countries grew 88.9 percent to USD 12.80 billion from USD 6.78 billion a year ago; and with CIS countries it widened 26.8 percent to USD 2.35 billion from USD 1.85 billion.

Considering January-May, the trade surplus widened to USD 75.09 billion from USD 50.92 billion in the same period of 2017.

Russia May Trade Surplus Smaller than Expected

Joana Ferreira |
7/12/2018 1:19:03 PM