Russia Trade Surplus Narrows in October

According to the numbers published by the Central Bank of Russia, the trade balance (set at $14.5 billion) decreased by 15.4% when compared with September and by 12.5% when compared with October 2011.

Russian exports remained unchanged when compared with the same month last year but increased by 4.6% in comparison with September of 2012. This was mainly due to an increase of 5.6% on exports to the Commonwealth of Independent States. The exports to non-CIS countries increased 1.1% on an annual basis but experienced a decline of 1% when compared with last month. Russia reported a total export of goods worth of $46 billion.

Russia imports increased sharply when compared to October 2011 (17.2%) and when compared to September 2012 (7.3%). The increase was equal to CIS countries and non-CIS countries. Russia reported a total import of goods worth of $31.6 billion.

Nuno Fontes |
12/13/2012 11:40:13 AM