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

Russia's trade surplus narrowed by 36.3 percent to USD 3.97 billion in July 2017 from USD 6.24 billion in the same month a year earlier and way below market expectations of a USD 7.2 billion surplus. It was the smallest trade surplus since April 2003, as imports jumped 28.1 percent to USD 20.77 while exports rose at a slower 10.2 percent to USD 24.74 billion. Balance of Trade in Russia averaged 9075.15 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 July Trade Surplus Smallest in Nearly 14 Years


Russia's trade surplus narrowed by 36.3 percent to USD 3.97 billion in July 2017 from USD 6.24 billion in the same month a year earlier and way below market expectations of a USD 7.2 billion surplus. It was the smallest trade surplus since April 2003.

Imports went up 28.1 percent to USD 20.77 billion from USD 16.21 billion a year earlier. Imports from non-CIS countries climbed 28.2 percent to USD 18.57 billion and those from CIS countries advanced by 27.7 percent to USD 2.20 billion. 

Exports increased by a much slower 10.2 percent to USD 24.74 billion from USD 22.45 billion in July 2016, as exports to non-CIS countries advanced 8.2 percent to USD 20.96 billion while those to CIS countries went up 22.9 percent to USD 3.78 billion. 

The trade surplus with non-CIS countries shrank 51.1 percent to USD 2.39 billion from USD 4.89 billion a year ago while with CIS countries it widened 16.9 percent to USD 1.58 billion from USD 1.35 billion.

Joana Ferreira | joana.ferreira@tradingeconomics.com
9/11/2017 1:11:40 PM


Recent Releases

Russia Trade Surplus Widens in June
Russia's trade surplus increased by 8.1 percent to USD 8.69 billion in June 2017 from USD 8.04 billion in the same month a year earlier and above market expectations of a USD 7.5 billion surplus. Exports rose 22.8 percent to USD 29.52 billion and imports went up 30.2 percent to USD 20.83 billion.
Published on 2017-08-11

Russia Trade Surplus Widens 12.2% YoY In May
Russian trade surplus increased by 12.2 percent to $8.5 billion in May 2017 from $7.6 billion in the same month a year earlier and slightly above market expectations of a $8.3 billion surplus. Exports rose 27.8 percent to $28.1 billion and imports went up 35.9 percent to $19.6 billion.
Published on 2017-07-12

Russia Trade Surplus Below Market Expectations In April
Russian trade surplus increased by 21.1 percent to $8 billion in April 2017 from $6.6 billion in the same month a year earlier and below market expectations of a $8.5 billion surplus. Exports rose 20 percent to $26.1 billion and imports went up 19.6 percent to $18.1 billion.
Published on 2017-06-09

Russia Trade Surplus At Near 2-Year High In March
Russian trade surplus increased by 61.7 percent to $12.6 billion in March 2017 from $7.8 billion in the same month a year earlier and above market expectations of a $11.9 billion surplus. It was the largest trade surplus since June of 2015, as exports jumped 35.2 percent to $31.3 billion and imports went up 21.8 percent to $18.7 billion.
Published on 2017-05-12



Calendar GMT Actual Previous Consensus TEForecast
2017-07-12 01:00 PM Balance of Trade $8.52B $8B $8.3B $9B
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 $3.97B $7.6B
2017-11-10 01:00 PM Balance of Trade $9.5B
2017-12-12 01:00 PM Balance of Trade $8.2B


Russia Trade Last Previous Highest Lowest Unit
Balance of Trade 3970.00 8690.00 20356.00 -185.00 USD Million [+]
Exports 24742.00 29518.00 50248.00 4100.00 USD Million [+]
Imports 20770.00 20828.00 32481.00 2691.00 USD Million [+]
Current Account -300.00 23300.00 39286.00 -3774.00 USD Million [+]
Current Account to GDP 1.80 5.10 18.00 -1.40 percent [+]
External Debt 529.60 529.70 732.80 151.30 USD Billion [+]
Capital Flows 22108.98 7140.13 32844.54 -47722.55 USD Million [+]
Gold Reserves 1715.84 1680.10 1715.84 343.41 Tonnes [+]
Crude Oil Production 10543.00 10603.00 10832.00 5707.00 BBL/D/1K [+]
Remittances 5410.00 4478.00 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 21202.00 4212.00 40140.00 -3922.00 USD Million [+]

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



Russia Balance of Trade Notes

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 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3970.00 8690.00 20356.00 -185.00 1997 - 2017 USD Million Monthly



balance of trade by Country

Last
Australia 460.00 Jul/17
Brazil 5599.00 Aug/17
Canada -3040.40 Jul/17
China 419.92 Aug/17
Euro Area 23156.00 Jul/17
France -5968.00 Jul/17
Germany 19500.00 Jul/17
India -11643.96 Aug/17
Indonesia 1722.60 Aug/17
Italy 6560.39 Jul/17
Japan 418.77 Jul/17
Mexico -1522.60 Jul/17
Netherlands 4711.00 Jul/17
Russia 3970.00 Jul/17
South Korea 7013.00 Aug/17
Spain -1259000.00 Jun/17
Switzerland 3511.05 Jul/17
Turkey -8842.94 Jul/17
United Kingdom -2872.00 Jul/17
United States -43689.00 Jul/17