Russia's trade surplus widened to USD 21.17 billion in January of 2022, before the invasion of its neighbor Ukraine and West sanctions, from USD 9.03 billion in the corresponding month of the previous year. Exports surged 72 percent from a year earlier to USD 45.93 billion, boosted by sales to non-CIS (76.9 percent) and CIS countries (41.3 percent). Meanwhile, imports rose at a slower 40.1 percent to a 6-month low of USD 24.75 billion, on the back of purchases from non-CIS (40.6 percent) and CIS countries (36.3 percent). Several global brands and major companies from sectors ranging from technology to automotive and energy suspended their operations in Russia in response to the "special military operation" in its neighbor on February 24th. In March, Russia hit back at western sanctions by imposing an export ban on more than 200 products including telecoms, medical, vehicle, agricultural, and electrical equipment, until the end of 2022. source: Central Bank of Russia

Balance of Trade in Russia averaged 9680.12 USD Million from 1996 until 2022, reaching an all time high of 26720 USD Million in December of 2021 and a record low of -203 USD Million in February of 1998. This page provides - Russia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

Balance of Trade in Russia is expected to be 31000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Balance of Trade is projected to trend around 3200.00 USD Million in 2023 and -1800.00 USD Million in 2024, according to our econometric models.

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Russia Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-02-11 01:00 PM Dec $26.72B $21.056B $23B $22B
2022-03-14 01:00 PM Jan $21.17B $26.72B $23.5B
2022-07-12 01:00 PM May


Related Last Previous Unit Reference
Balance of Trade 21173.00 26720.00 USD Million Jan 2022
Current Account 58200.00 46563.00 USD Million Mar 2022
Current Account to GDP 6.80 2.40 percent of GDP Dec 2021
Imports 24754.00 30676.00 USD Million Jan 2022
Exports 45927.00 57396.00 USD Million Jan 2022
External Debt 453.50 478.20 USD Billion Mar 2022
Capital Flows 58000.00 48221.47 USD Million Mar 2022
Remittances 610.00 600.00 USD Million Dec 2021
Oil Exports 32300.00 29100.00 USD Million Dec 2021
Foreign Direct Investment 12433.00 16046.00 USD Million Dec 2021

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. 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.
Actual Previous Highest Lowest Dates Unit Frequency
21173.00 26720.00 26720.00 -203.00 1996 - 2022 USD Million Monthly

News Stream
Russia Trade Surplus Widens Sharply in January
Russia's trade surplus widened to USD 21.17 billion in January of 2022, before the invasion of its neighbor Ukraine and West sanctions, from USD 9.03 billion in the corresponding month of the previous year. Exports surged 72 percent from a year earlier to USD 45.93 billion, boosted by sales to non-CIS (76.9 percent) and CIS countries (41.3 percent). Meanwhile, imports rose at a slower 40.1 percent to a 6-month low of USD 24.75 billion, on the back of purchases from non-CIS (40.6 percent) and CIS countries (36.3 percent). Several global brands and major companies from sectors ranging from technology to automotive and energy suspended their operations in Russia in response to the "special military operation" in its neighbor on February 24th. In March, Russia hit back at western sanctions by imposing an export ban on more than 200 products including telecoms, medical, vehicle, agricultural, and electrical equipment, until the end of 2022.
2022-03-14
Russia Trade Surplus Hits Record High
Russia's trade surplus widened to a record USD 26.72 billion in December of 2021 from USD 10.82 billion in the corresponding month of the previous year. Exports surged 60 percent to USD 57.38 billion, a new high for the series, boosted by sales to non-CIS (62.2 percent) and CIS countries (46.7 percent). Meanwhile, imports rose at a softer 22.4 percent to USD 30.68 billion, driven by purchases from non-CIS (21.8 percent) and CIS countries (28.1 percent). For full year 2021, the country trade surplus widened to USD 190 billion from USD 94 billion in the previous year.
2022-02-11
Russia Trade Surplus Widens in November, Exports at Near 8-Year High
Russia's trade surplus widened to USD 21.06 billion in November of 2021 from USD 7.39 billion in the corresponding month of the previous year. Exports surged 62.4 percent to USD 48.96 billion, the highest since December 2013, boosted by sales to non-CIS (64.8 percent) and CIS countries (49.2 percent). Meanwhile, imports rose at a softer 22.6 percent to USD 27.90 billion, driven by purchases from non-CIS (21.3 percent) and CIS countries (34.4 percent).
2022-01-17