Russia September Trade Surplus Larger than Expected

Russia's trade surplus widened by 37.1 percent to USD 10.22 billion in September 2017 from USD 7.46 billion in the same month a year earlier and way above market expectations of a USD 9.0 billion surplus.

Exports increased 20.7 percent to USD 30.65 billion from USD 25.39 billion in September 2016, as exports to non-CIS countries advanced 20.1 percent to USD 26.25 billion while those to CIS countries went up 24.6 percent to USD 4.40 billion. 

Imports went up at a slower 13.9 percent to USD 20.43 billion from USD 17.93 billion a year earlier. Imports from non-CIS countries climbed 13.1 percent to USD 18.21 billion and those from CIS countries advanced 21 percent to USD 2.21 billion. 

The trade surplus with non-CIS countries grew 39.7 percent to USD 8.03 billion from USD 5.75 billion a year ago; and with CIS countries it widened 28.5 percent to USD 2.19 billion from USD 1.70 billion.

In January to September, the trade surplus widened sharply to USD 80.41 billion from USD 62.98 billion in the same period of 2016.

Russia September Trade Surplus Larger than Expected

Joana Ferreira |
11/10/2017 1:20:51 PM