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

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. Balance of Trade in Russia averaged 9090.01 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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Calendar GMT Actual Previous Consensus Forecast (i)
2017-05-12 01:00 PM Mar $12.6B $10.17B $11.9B $11.3B
2017-06-09 01:00 PM Apr $8B $12.6B $8.5B $8.2B
2017-07-12 01:00 PM May $8.52B $8B $8.3B $9B
2017-08-11 01:00 PM Jun $8.52B $9.2B
2017-09-08 01:00 PM Jul $8.1B
2017-10-12 01:00 PM Aug $7.6B




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.

Exports increased by 27.8 percent to $28.1 billion from $22 billion in May 2016. It was the seventh straight month of gains in sales, following 2 years of decreases. Exports to non-CIS countries advanced 28.2 percent to $ 24.1 billion (from 20 percent in April) while those to CIS countries went up 25.4 percent to $4.1 billion (from 20.5 percent). 

Imports went up 35.9 percent to $19.6 billion from $14.4 billion a year earlier. It was the highest reading since December of 2015. Imports rose for the 10th month in a row after two and a half years of declines. Imports from non-CIS countries climbed 36.6 percent to $16.1 billion (from 21.4 percent in April) and those from CIS countries advanced by 31 percent to $2.2 billion (from 6.3 percent).

The trade surplus with non-CIS countries jumped by 10.4 percent to $6.7 billion while with CIS countries went up 19.2 percent to $1.8 billion.

Yekaterina Guchshina | yekaterina@tradingeconomics.com
7/12/2017 1:14:40 PM



Russia Trade Last Previous Highest Lowest Unit
Balance of Trade 8519.00 8001.00 20356.00 -185.00 USD Million [+]
Exports 28173.00 26095.00 50248.00 4100.00 USD Million [+]
Imports 19654.00 18094.00 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 1680.10 1615.22 1680.10 343.41 Tonnes [+]
Crude Oil Production 10654.00 10713.00 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 July of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
8519.00 8001.00 20356.00 -185.00 1997 - 2017 USD Million Monthly



balance of trade by Country

Last
Australia 2471.00 May/17
Brazil 7195.00 Jun/17
Canada -1085.90 May/17
China 427.70 Jun/17
Euro Area 21417.50 May/17
France -4886.00 May/17
Germany 22000.00 May/17
India -12959.90 Jun/17
Indonesia 1631.20 Jun/17
Italy 4341.51 May/17
Japan 439.91 Jun/17
Mexico -1079.20 May/17
Netherlands 4655.00 May/17
Russia 8519.00 May/17
South Korea 11400.00 Jun/17
Spain -1198829.00 Apr/17
Switzerland 2812.51 Jun/17
Turkey -7307.04 May/17
United Kingdom -3073.00 May/17
United States -46507.00 May/17