Russia’s trade surplus widened to USD 18.7 billion in October of 2018 from USD 10.1 billion in the corresponding month of the previous year, and well above market expectations of a USD 17.9 billion surplus. Exports jumped 30.8 percent to USD 41.3 billion in October from USD 31.6 billion a year ago, as exports to non-CIS countries climbed 33.7 percent to USD 35.9 billion and those to CIS countries went up 14.4 percent to USD 5.43 billion. Imports increased at a much softer 0.5 percent year-on-year to USD 21.62 billion, rebounding from a 2.9 percent drop in the prior month. Imports from non-CIS countries edged up 0.2 percent to USD 19.29 billion and those from CIS countries rose 3 percent to USD 2.32 billion. Balance of Trade in Russia averaged 9271.17 USD Million from 1997 until 2018, reaching an all time high of 20356 USD Million in January of 2012 and a record low of -203 USD Million in February of 1998.

Balance of Trade in Russia is expected to be 15200.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Russia to stand at 9800.00 in 12 months time. In the long-term, the Russia Balance of Trade is projected to trend around 10900.00 USD Million in 2020, according to our econometric models.

Russia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-11 01:00 PM Balance of Trade $13.402B $15.555B $14.4B $11.5B
2018-10-12 01:00 PM Balance of Trade $15.797B $13.402B $15B $14.8B
2018-11-09 01:00 PM Balance of Trade $18.49B $15.797B $17.8B $15.1B
2018-12-12 01:00 PM Balance of Trade $19.7B $18.49B $17.9B $17.6B
2019-01-09 01:00 PM Balance of Trade $19.7B
2019-02-08 01:00 PM Balance of Trade $ 15.2B
2019-03-14 01:00 PM Balance of Trade



Russia August Trade Surplus Larger than Expected



Russia’s trade surplus widened to USD 15.80 billion in August of 2018 from USD 6.66 billion in the corresponding month of the previous year, and above market consensus of a USD 15.0 billion surplus.

Exports jumped 28.7 percent to USD 37.44 billion in August from USD 29.08 billion a year ago, as exports to non-CIS countries climbed 30.8 percent to USD 32.69 billion and those to CIS countries went up 16.3 percent to USD 4.75 billion.

Imports fell 3.5 percent year-on-year to USD 21.64 billion, the first annual decline since July of 2016. Imports from non-CIS countries decreased 4.1 percent to USD 19.42 billion while those from CIS countries advanced 2.6 percent to USD 2.22 billion. 

The trade surplus with non-CIS countries grew 179.5 percent to USD 13.27 billion from USD 4.75 billion a year ago; and with CIS countries it widened 31.82 percent to USD 2.53 billion from USD 1.92 billion.


Agna Gabriel | agna.gabriel@tradingeconomics.com
10/12/2018 1:35:01 PM



Russia Trade Last Previous Highest Lowest Unit
Balance of Trade 19697.00 18485.00 20356.00 -203.00 USD Million [+]
Current Account 26400.00 19064.00 39286.00 -3774.00 USD Million [+]
Current Account to GDP 2.20 1.90 18.00 -1.40 percent [+]
Imports 21618.00 19954.00 32481.00 2525.00 USD Million [+]
Exports 41315.00 38439.00 50248.00 4100.00 USD Million [+]
External Debt 467.10 485.50 732.80 151.30 USD Billion [+]
Capital Flows 20971.51 32135.75 32845.00 -47722.55 USD Million [+]
Gold Reserves 1998.50 1909.80 1998.50 343.41 Tonnes [+]
Crude Oil Production 10811.00 10814.00 10832.00 5707.00 BBL/D/1K [+]
Terrorism Index 5.33 5.43 7.21 5.33 [+]
Weapons Sales 6148.00 6937.00 8658.00 1478.00 USD Million [+]
Remittances 408.00 368.00 436.00 44.00 USD Million [+]
Foreign Direct Investment 2583.00 7641.00 40140.00 -3922.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Russia Balance of Trade

Russia has been running regular trade surpluses since 1998 primarily due to high exports of commodities like crude oil and natural gas. In 2015, trade surplus narrowed significantly, led by the plunge in oil prices and sanctions imposed by Europe and US over Ukraine crisis. In 2015, the biggest trade surpluses were recorded with: Netherlands, Turkey, Italy and Japan. The biggest trade deficits were recorded with: China, the United States and France. This page provides - Russia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Balance of Trade - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
19697.00 18485.00 20356.00 -203.00 1997 - 2018 USD Million Monthly




Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -16670.00 Nov/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4850.00 Oct/18
Russia 19697.00 Oct/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18


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