Russia’s trade surplus shrank to USD 11.22 billion in July of 2019 from USD 13.12 billion in the corresponding month of the previous year. It is the lowest trade surplus since October of 2017, as exports fell for the fourth straight month by 2.6 percent year-on-year to USD 33.44 billion. Shipments dropped to non-CIS countries (-5.1 percent) while those to CIS countries rose 13.2 percent. Meanwhile, imports rose 4.7 percent to USD 22.22 billion, boosted by purchases from both non-CIS countries (+4.1 percent) and CIS countries (+9.9 percent). Balance of Trade in Russia averaged 9459.66 USD Million from 1997 until 2019, 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 14800.00 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 14400.00 in 12 months time. In the long-term, the Russia Balance of Trade is projected to trend around 18600.00 USD Million in 2020, according to our econometric models.

Russia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-11 01:00 PM Balance of Trade Apr $13.71B $15.54B $15.7B $17.1B
2019-07-12 01:00 PM Balance of Trade May $11.82B $13.71B $15.7B
2019-08-09 01:00 PM Balance of Trade Jun $12.51B $11.82B $12.5B $13.0B
2019-09-11 01:00 PM Balance of Trade Jul $11.22B $12.51B $11B $12B
2019-10-11 01:00 PM Balance of Trade Aug $11.22B $18.9B
2019-11-11 01:00 PM Balance of Trade Sep $14.8B
2019-12-11 01:00 PM Balance of Trade Oct $22.1B


Russia Trade Last Previous Highest Lowest Unit
Balance of Trade 11224.00 12508.00 20356.00 -203.00 USD Million [+]
Current Account 12100.00 33692.00 39286.00 -3774.00 USD Million [+]
Current Account to GDP 7.00 2.10 18.00 -1.40 percent [+]
Imports 22218.00 19968.00 32481.00 2525.00 USD Million [+]
Exports 33442.00 32476.00 50248.00 4100.00 USD Million [+]
External Debt 482.40 467.80 732.80 151.30 USD Billion [+]
Capital Flows 31354.85 32711.99 32845.00 -47789.81 USD Million [+]
Gold Reserves 2219.18 2206.99 2219.18 343.41 Tonnes [+]
Crude Oil Production 10709.00 10835.00 11051.00 5707.00 BBL/D/1K [+]
Terrorism Index 5.23 5.33 7.21 5.23 [+]
Weapons Sales 6409.00 5741.00 8690.00 1477.00 USD Million [+]
Remittances 375.00 317.00 436.00 44.00 USD Million [+]
Foreign Direct Investment 10206.00 1506.00 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
11224.00 12508.00 20356.00 -203.00 1997 - 2019 USD Million Monthly




Country Last Previous
Argentina 951.00 Jul/19
Australia 7268.00 Jul/19
Brazil 3280.00 Aug/19
Canada -1124.40 Jul/19
China 348.30 Aug/19
Euro Area 24789.70 Jul/19
France -4607.00 Jul/19
Germany 21449.00 Jul/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 7630.87 Jul/19
Japan -136.30 Aug/19
Mexico -1117.00 Jul/19
Netherlands 4127.00 Jul/19
Russia 11224.00 Jul/19
Saudi Arabia 131636.00 Mar/19
Singapore 3787.85 Aug/19
South Africa -2880.82 Jul/19
South Korea 1723.00 Aug/19
Spain -1532700.00 Jun/19
Switzerland 1152.71 Aug/19
Turkey -3191.93 Jul/19
United Kingdom -219.00 Jul/19
United States -53989.00 Jul/19


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