Russia Balance of Trade  1997-2017 | Data | Chart | Calendar | Forecast

Russia's trade surplus widened by 42.7 percent to USD 6.612 billion in August 2017 from USD 4.633 billion in the same month a year earlier and way above market expectations of a USD 5.60 billion surplus. Exports increased 25.3 percent from the previous year to USD 28.97 billion and imports rose at a slower 21 percent to USD 22.35 billion. In January to August, the trade surplus widened sharply to USD 70.19 billion from USD 55.52 billion in the same period of 2016. Balance of Trade in Russia averaged 9065.22 USD Million from 1997 until 2017, reaching an all time high of 20356 USD Million in January of 2012 and a record low of -185 USD Million in February of 1998.

Russia Balance of Trade
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.




Russia August Trade Surplus Larger than Expected


Russia's trade surplus widened by 42.7 percent to USD 6.612 billion in August 2017 from USD 4.633 billion in the same month a year earlier and way above market expectations of a USD 5.60 billion surplus.

Exports increased 25.3 percent to USD 28.97 billion from USD 23.11 billion in August 2016, as exports to non-CIS countries advanced 26.5 percent to USD 24.88 billion while those to CIS countries went up 18.8 percent to USD 4.09 billion. 

Imports went up at a slower 21 percent to USD 22.35 billion from USD 18.48 billion a year earlier. Imports from non-CIS countries climbed 21.5 percent to USD 20.17 billion and those from CIS countries advanced 16.8 percent to USD 2.18 billion. 

The trade surplus with non-CIS countries grew 53.8 percent to USD 4.71 billion from USD 3.06 billion a year ago; and with CIS countries it widened 21.1 percent to USD 1.90 billion from USD 1.57 billion.

In January to August, the trade surplus widened sharply to USD 70.19 billion from USD 55.52 billion in the same period of 2016.

Joana Ferreira | joana.ferreira@tradingeconomics.com
10/12/2017 1:15:07 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-08-11 01:00 PM Balance of Trade $8.69B $8.52B $7.5B $9.2B
2017-09-11 01:00 PM Balance of Trade $3.97B $8.69B $7.2B $8.1B
2017-10-12 01:00 PM Balance of Trade $6.612B $3.972B $5.60B $6.2B
2017-11-10 01:00 PM Balance of Trade $6.612B $9.5B
2017-12-12 01:00 PM Balance of Trade $8.2B


Russia Trade Last Previous Highest Lowest Unit
Balance of Trade 6612.00 3972.00 20356.00 -185.00 USD Million [+]
Exports 28966.00 24742.00 50248.00 4100.00 USD Million [+]
Imports 22354.00 20770.00 32481.00 2691.00 USD Million [+]
Current Account 1200.00 2780.00 39286.00 -3774.00 USD Million [+]
Current Account to GDP 1.80 5.10 18.00 -1.40 percent [+]
External Debt 537.50 529.60 732.80 151.30 USD Billion [+]
Capital Flows 5064.87 22380.42 32844.54 -47722.55 USD Million [+]
Gold Reserves 1715.84 1680.10 1715.84 343.41 Tonnes [+]
Crude Oil Production 10543.00 10543.00 10832.00 5707.00 BBL/D/1K [+]
Remittances 5406.00 4194.00 5728.00 1359.00 USD Million [+]
Terrorism Index 5.43 6.21 7.21 5.43 [+]
Weapons Sales 6432.00 5554.00 8658.00 1478.00 USD Million [+]
Foreign Direct Investment 4646.00 20723.00 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 October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
6612.00 3972.00 20356.00 -185.00 1997 - 2017 USD Million Monthly




balance of trade by Country

Last
Australia 989.00 Aug/17
Brazil 5178.00 Sep/17
Canada -3413.40 Aug/17
China 284.67 Sep/17
Euro Area 16086.90 Aug/17
France -4514.00 Aug/17
Germany 20000.00 Aug/17
India -8984.29 Sep/17
Indonesia 1760.00 Sep/17
Italy 2769.02 Aug/17
Japan 113.64 Aug/17
Mexico -2732.00 Aug/17
Netherlands 4073.00 Aug/17
Russia 6612.00 Aug/17
South Korea 13800.00 Sep/17
Spain -2099000.00 Jul/17
Switzerland 2173.00 Aug/17
Turkey -5873.11 Aug/17
United Kingdom -5626.00 Aug/17
United States -42395.00 Aug/17