Russia Trade Surplus Below Expectations In October

Russia's trade surplus decreased to $6.6 billion in October 2016, from a $10 billion surplus a year earlier and well below market expectations of $8.2 billion. Exports dropped 7.6 percent, while imports rose for the third consecutive month by 8.2 percent. Considering the first ten months of the year, the trade surplus shrank 45.7 percent to $69.7 billion, as exports fell 22 percent and imports declined at a slower 2.7 percent.

Exports shrank 7.6 percent year-on-year to $24.9 billion. Sales fell for the 29th straight month. Imports went up 8.2 percent to  $18.3 billion, for the third consecutive month, central bank data showed.

The trade surplus with non-CIS countries declined 48.7 percent to $4.8 billion while with CIS countries fell at a slower 31.2 percent to $1.8 billion.

Yekaterina Guchshina |
12/12/2016 1:17:11 PM