Russia June Trade Surplus Smaller than Expected

Russia's trade surplus widened by 77.6 percent to USD 15.56 billion in June 2018 from USD 8.76 billion in the same month a year earlier, but still below market expectations of a USD 15.85 billion surplus.

Exports jumped 23.8 percent to USD 36.57 billion in June from USD 29.54 billion a year ago, as exports to non-CIS countries climbed 27 percent to USD 31.87 billion and those to CIS countries went up 5.7 percent to USD 4.70 billion. 

Imports went up at a softer 1.1 percent to USD 21.02 billion from USD 20.78 billion a year earlier. Imports from non-CIS countries increased 0.7 percent to USD 18.68 billion and those from CIS countries advanced 4.7 percent to USD 2.33 billion. 

The trade surplus with non-CIS countries grew 101.6 percent to USD 13.19 billion from USD 6.54 billion a year ago; and with CIS countries it widened 6.7 percent to USD 2.36 billion from USD 2.22 billion.

Considering January-June, the trade surplus widened to USD 90.64 billion from USD 59.68 billion in the same period of 2017.

Russia June Trade Surplus Smaller than Expected

Joana Ferreira |
8/10/2018 1:13:25 PM