Russia Trade Surplus Above Expectations in September

Russia's trade surplus decreased to $7.38 billion in September 2016, from a $9.5 billion surplus a year earlier while above market expectations of $6.9 billion. Exports dropped 3 percent, the lowest decline since August 2014. Meanwhile, imports rose for the second consecutive month by 7.9 percent. Considering the first nine months of the year, the trade surplus shrank 46.6 percent to USD 63.1 billion, as exports fell 23.4 percent and imports declined 4 percent.

Exports shrank 3 percent year-on-year to USD 25.5 billion. Sales fell for the 28th straight month in a row while the least since August 2014. Imports went up 7.9 percent to USD 18.1 billion, for the second consecutive month, central bank data showed.

The trade surplus with non-CIS countries declined 24.4 percent to USD 5.7 billion while with CIS countries fell at a slower 14.3 percent to USD 1.6 billion.

Yekaterina Guchshina|
11/11/2016 1:26:05 PM