Russia July Trade Surplus Smallest in Nearly 14 Years

Russia's trade surplus narrowed by 36.3 percent to USD 3.97 billion in July 2017 from USD 6.24 billion in the same month a year earlier and way below market expectations of a USD 7.2 billion surplus. It was the smallest trade surplus since April 2003.

Imports went up 28.1 percent to USD 20.77 billion from USD 16.21 billion a year earlier. Imports from non-CIS countries climbed 28.2 percent to USD 18.57 billion and those from CIS countries advanced by 27.7 percent to USD 2.20 billion. 

Exports increased by a much slower 10.2 percent to USD 24.74 billion from USD 22.45 billion in July 2016, as exports to non-CIS countries advanced 8.2 percent to USD 20.96 billion while those to CIS countries went up 22.9 percent to USD 3.78 billion. 

The trade surplus with non-CIS countries shrank 51.1 percent to USD 2.39 billion from USD 4.89 billion a year ago while with CIS countries it widened 16.9 percent to USD 1.58 billion from USD 1.35 billion.

Russia July Trade Surplus Smallest in Nearly 14 Years

Joana Ferreira |
9/11/2017 1:11:40 PM