Russia July Trade Surplus Smaller than Expected

Russia's trade surplus widened sharply to USD 13.40 billion in July 2018 from USD 3.83 billion in the same month a year earlier, but still below market expectations of a USD 14.40 billion surplus.

Exports jumped 39.5 percent to USD 34.43 billion in July from USD 24.68 billion a year ago, as exports to non-CIS countries climbed 42.5 percent to USD 29.83 billion and those to CIS countries went up 22.7 percent to USD 4.60 billion. 

Imports went up at a much softer 0.9 percent to USD 21.03 billion from USD 20.85 billion a year earlier. Imports from non-CIS countries increased 0.9 percent to USD 18.85 billion and those from CIS countries advanced 0.3 percent to USD 2.18 billion. 

The trade surplus with non-CIS countries grew 385.8 percent to USD 10.99 billion from USD 2.26 billion a year ago; and with CIS countries it widened 53.7 percent to USD 2.42 billion from USD 1.57 billion.

Considering January-July, the trade surplus widened to USD 104.04 billion from USD 63.51 billion in the same period of 2017.

Russia July Trade Surplus Smaller than Expected

Joana Ferreira |
9/11/2018 1:12:29 PM