Exports shrank 17.5 percent year-on-year to USD 22.5 billion while imports decreased 4.1 percent to USD 16 billion, central bank data showed.
The trade surplus with non-CIS countries declined 41.6 percent to USD 51 billion while with CIS countries fell at a slower 24 percent to USD 1.3 billion.
According to more detailed data from Russian Customs Statistics, trade surplus went down by 45.7 percent year-on-year to USD 57.7 billion in January-July 2016. Exports decreased by 27.1 percent to USD 152.5 billion. Imports fell 7.7 percent to USD 94.8 billion.
Exports to non-CIS countries decreased by 38.4 percent to USD 112.7 billion. The biggest drop was reported for: fuels and energy products (- 34.4 percent) followed by metals (-22.3 percent); chemical products (- 28 percent) and machinery and equipment (-6.4 percent). In contrast, shipments of foodstuffs and raw materials rose by 7.3 percent. Exports to CIS countries dropped by 23.7 percent to USD 19.8 billion with all categories reporting declines: fuels and energy products (-36 percent); machinery and equipment (-18.3 percent); chemical products (-5.3 percent); metals (-16.3 percent) and foodstuffs and raw materials (-8.1 percent).
Imports from non-CIS countries declined 6.4 percent to USD 84.5 billion. The biggest drop was reported for: machinery and equipment (-5.1 percent), followed by chemical products (-3.7 percent); foodstuffs and raw materials (-10.2 percent); textiles and footwear (-7.3 percent); metals (-11.4 percent). Purchases from CIS countries went down by 14.8 to USD 10.2 billion led by chemical products (-21.4 percent) and metals (-8.8 percent). In contrast, purchases rose for machinery and equipment (+0.7 percent) and foodstuffs and raw materials (+9.2 percent).
The main trade partners in January-July of 2016 were: China (-6.8 percent year-on-year to 33.6 billion USD trade turnover); Germany (-21.4 percent year-on-year to 21.4 billion USD); the Netherlands (-33.1 percent year-on-year to 18.3 billion USD); Italy (-44.8 percent year-on-year to 10.8 billion USD); the USA (down by 21.8 percent to 7 billion USD); Turkey (-40.3 percent to 8.6 billion USD); Japan (-33.5 percent to 8.6 billion USD)