Russia August Trade Surplus Larger than Expected

Russia's trade surplus widened by 42.7 percent to USD 6.612 billion in August 2017 from USD 4.633 billion in the same month a year earlier and way above market expectations of a USD 5.60 billion surplus.

Exports increased 25.3 percent to USD 28.97 billion from USD 23.11 billion in August 2016, as exports to non-CIS countries advanced 26.5 percent to USD 24.88 billion while those to CIS countries went up 18.8 percent to USD 4.09 billion. 

Imports went up at a slower 21 percent to USD 22.35 billion from USD 18.48 billion a year earlier. Imports from non-CIS countries climbed 21.5 percent to USD 20.17 billion and those from CIS countries advanced 16.8 percent to USD 2.18 billion. 

The trade surplus with non-CIS countries grew 53.8 percent to USD 4.71 billion from USD 3.06 billion a year ago; and with CIS countries it widened 21.1 percent to USD 1.90 billion from USD 1.57 billion.

In January to August, the trade surplus widened sharply to USD 70.19 billion from USD 55.52 billion in the same period of 2016.

Russia August Trade Surplus Larger than Expected

Joana Ferreira |
10/12/2017 1:15:07 PM