Russia Trade Surplus Widens in August

Russian trade surplus increased slightly to USD 15.85 billion in August of 2014 from USD 14.17 billion a year earlier. Yet, imports recorded the highest annual loss since December of 2009.

Year-on-year, exports fell 3.7 percent to USD 40.9 billion. Sales to countries outside the Commonwealth of Independent States (CIS) increased 1 percent while shipments to the CIS countries dropped 28.2 percent.

Imports fell for the eighth straight month by 11.5 percent yoy to USD 25 billion. Purchases from non-CIS dropped 10.1 percent while those from the CIS countries shrank by 21.1 percent.

On a monthly basis, non-seasonally adjusted exports dropped 12.3 percent while imports contracted 13.5 percent.

Russia Trade Surplus Widens in August

Central Bank of Russia | Joana Taborda |
10/10/2014 12:40:42 PM