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). source: Central Bank of Russia

Balance of Trade in Russia averaged 9585.96 USD Million from 1996 until 2021, reaching an all time high of 23191 USD Million in July 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 January of 2022.

Balance of Trade in Russia is expected to be 19900.00 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 21200.00 USD Million in 2023, according to our econometric models.

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Russia Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-12-10 01:00 PM Oct $19.778B $20.001B
2022-01-17 01:00 PM Nov $21.056B $19.778B $19.5B
2022-02-11 01:00 PM Dec $21.056B $ 19.1B


Related Last Previous Unit Reference
Balance of Trade 21056.00 19778.00 USD Million Nov/21
Current Account 41800.00 36901.00 USD Million Dec/21
Current Account to GDP 2.40 4.00 percent of GDP Dec/20
Imports 27901.00 26801.00 USD Million Nov/21
Exports 48957.00 46579.00 USD Million Nov/21
External Debt 489.20 471.40 USD Billion Sep/21
Capital Flows 33687.74 17498.23 USD Million Sep/21
Foreign Direct Investment 17070.00 6170.00 USD Million Sep/21
Oil Exports 29100.00 24500.00 USD Million Sep/21
Remittances 740.00 628.00 USD Million Jun/21

News Stream
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
Russia Trade Surplus Widens Significantly in October
Russia's trade surplus widened to USD 19.8 billion in September of 2021 from USD 6.7 billion in the corresponding month of the previous year. Exports surged 62.8 percent to USD 46.6 billion, whilst imports rose at a softer 22.5 percent to USD 26.8 billion.
2021-12-10
Russia Trade Surplus Widens Sharply in August
Russia's trade surplus widened to USD 17.1 billion in August of 2021 from USD 3.3 billion in the corresponding month of the previous year. Exports surged 85.3 percent to USD 43.2 billion, the third-highest level recorded, boosted by sales to non-CIS (94.4 percent) and CIS countries (43.2 percent). Meanwhile, imports rose at a softer 30.6 percent to USD 26 billion, driven by purchases from non-CIS (31.3 percent) and CIS countries (25 percent).
2021-10-12

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.