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

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 while imports went up at a slower 18.8 percent to USD 21.62 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. Balance of Trade in Russia averaged 9072.92 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
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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.

Joana Ferreira | joana.ferreira@tradingeconomics.com
12/12/2017 1:56:45 PM



Calendar GMT Actual Previous Consensus TEForecast
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 $10.22B $6.61B $9.00B $9.5B
2017-12-12 01:00 PM Balance of Trade $9.83B $10.22B $9.975B $8.2B
2018-01-16 01:00 PM Balance of Trade $9.83B
2018-02-10 01:00 PM Balance of Trade
2018-03-14 01:00 PM Balance of Trade


Russia Trade Last Previous Highest Lowest Unit
Balance of Trade 9832.00 10222.00 20356.00 -185.00 USD Million [+]
Exports 30925.00 30647.00 50248.00 4100.00 USD Million [+]
Imports 21671.00 20425.00 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 10507.00 10546.00 10832.00 5707.00 BBL/D/1K [+]
Terrorism Index 5.33 5.43 7.21 5.33 [+]
Weapons Sales 6432.00 5554.00 8658.00 1478.00 USD Million [+]
Remittances 5406.00 4194.00 5728.00 1359.00 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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
9832.00 10222.00 20356.00 -185.00 1997 - 2017 USD Million Monthly




balance of trade by Country
Country Last
Australia 105.00 Oct/17
Brazil 3545.75 Nov/17
Canada -1474.50 Oct/17
China 402.10 Nov/17
Euro Area 26364.90 Sep/17
France -4956.00 Oct/17
Germany 18900.00 Oct/17
India -14018.80 Oct/17
Indonesia 895.00 Oct/17
Italy 3989.78 Sep/17
Japan 285.36 Oct/17
Mexico -2066.00 Oct/17
Netherlands 6258.00 Sep/17
Russia 9832.00 Oct/17
South Korea 7800.00 Nov/17
Spain -2147708.00 Oct/17
Switzerland 2333.39 Oct/17
Turkey -7324.23 Oct/17
United Kingdom -1405.00 Oct/17
United States -48731.00 Oct/17