Russia Trade Surplus Widens 50% in October

Russia's trade surplus widened by 50 percent to USD 9.83 billion in October 2017 from USD 6.56 billion in the same month a year earlier, but below market expectations of a USD 9.98 billion surplus.

Exports increased 27.1 percent to USD 31.45 billion from USD 24.75 billion in October 2016, as exports to non-CIS countries advanced 27.8 percent to USD 26.79 billion while those to CIS countries went up 23.2 percent to USD 4.66 billion. 

Imports went up at a slower 18.8 percent to USD 21.62 billion from USD 18.19 billion a year earlier. Imports from non-CIS countries climbed 19 percent to USD 19.34 billion and those from CIS countries advanced 17 percent to USD 2.28 billion. 

The trade surplus with non-CIS countries grew 57.8 percent to USD 7.45 billion from USD 4.72 billion a year ago; and with CIS countries it widened 29.8 percent to USD 2.38 billion from USD 1.83 billion.

In January to October, the trade surplus widened sharply to USD 90.24 billion from USD 69.53 billion in the same period of 2016.

Russia Trade Surplus Widens 50% in October

Joana Ferreira |
12/12/2017 1:56:45 PM