Russia Trade Surplus Narrows to 14-Month Low

In October of 2013, Russian trade surplus decreased to USD 13.19 billion, the lowest value since August last year. Russian exports have been hurt by lower demand and a fall in commodities’ prices.

Exports dropped in October to USD 43.96 billion (-1.3 percent over the previous month and -5.5 percent compare with the same month last year). While shipments to the Commonwealth of Independent States rose for the first time in 2013 (up by 0.9 percent yoy), sales to non-CIS countries decreased 6.8 percent.

Imports amounted to USD 30.7 million, a 4.3 percent drop compared with a year ago, but a 6.7 percent rise over the previous month.

In the first 10 months of the year, Russia exported less quantity of copper (-10.4 percent yoy) and its value dropped by 12.6 percent yoy. The quantity of aluminum exported declined by 1.13 percent yoy, and its value decreased 3.14 percent. The amount of nickel exported rose 2.4 percent yoy, but its value fell 6.2 percent. Most of the exports go to countries outside the Commonwealth of Independent States. 

Russia Trade Surplus Narrows to 14-Month Low

Joana Taborda |
12/12/2013 2:49:49 PM