Russia’s trade surplus widened to USD 18.49 billion in September 2018 from USD 10.24 billion in the corresponding month of the previous year, and above market consensus of a USD 17.8 billion surplus. Exports jumped 24.8 percent to USD 38.44 billion as sales to non-CIS countries climbed 28.1 percent to USD 33.82 billion and those to CIS countries went up 4.9 percent to USD 4.62 billion. Meanwhile, imports dropped 2.9 percent to USD 19.95 billion as purchases from non-CIS countries decreased 2.4 percent to USD 17.94 billion and those from CIS countries fell 7.9 percent to USD 2.01 billion. Considering January to September, the trade surplus widened sharply to USD 137.32 billion from USD 80.41 billion in the same period of 2017. Balance of Trade in Russia averaged 9231.20 USD Million from 1997 until 2018, 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 9400.00 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 9800.00 in 12 months time. In the long-term, the Russia Balance of Trade is projected to trend around 10200.00 USD Million in 2020, according to our econometric models.


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Russia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-10 01:00 PM Balance of Trade $15.56B $15.15B $15.85B $ 9.2B
2018-09-11 01:00 PM Balance of Trade $13.402B $15.555B $14.4B $11.5B
2018-10-12 01:00 PM Balance of Trade $15.797B $13.402B $15B $14.8B
2018-11-09 01:00 PM Balance of Trade $18.49B $15.797B $17.8B $15.1B
2018-12-12 01:00 PM Balance of Trade $18.49B $17.6B



Russia August Trade Surplus Larger than Expected


Russia’s trade surplus widened to USD 15.80 billion in August of 2018 from USD 6.66 billion in the corresponding month of the previous year, and above market consensus of a USD 15.0 billion surplus.

Exports jumped 28.7 percent to USD 37.44 billion in August from USD 29.08 billion a year ago, as exports to non-CIS countries climbed 30.8 percent to USD 32.69 billion and those to CIS countries went up 16.3 percent to USD 4.75 billion.

Imports fell 3.5 percent year-on-year to USD 21.64 billion, the first annual decline since July of 2016. Imports from non-CIS countries decreased 4.1 percent to USD 19.42 billion while those from CIS countries advanced 2.6 percent to USD 2.22 billion. 

The trade surplus with non-CIS countries grew 179.5 percent to USD 13.27 billion from USD 4.75 billion a year ago; and with CIS countries it widened 31.82 percent to USD 2.53 billion from USD 1.92 billion.


Agna Gabriel | agna.gabriel@tradingeconomics.com
10/12/2018 1:35:01 PM


Recent Releases

Russia July Trade Surplus Smaller than Expected
Russia's trade surplus widened sharply to USD 13.40 billion in July 2018 from USD 3.83 billion in the same month a year earlier, but still below market expectations of a USD 14.40 billion surplus.
Published on 2018-09-11

Russia June Trade Surplus Smaller than Expected
Russia's trade surplus widened by 77.6 percent to USD 15.56 billion in June 2018 from USD 8.76 billion in the same month a year earlier, but still below market expectations of a USD 15.85 billion surplus.
Published on 2018-08-10

Russia May Trade Surplus Smaller than Expected
Russia's trade surplus widened by 75.5 percent to USD 15.15 billion in May 2018 from USD 8.63 billion in the same month a year earlier, but still below market expectations of a USD 18.06 billion surplus.
Published on 2018-07-12

Russia April Trade Surplus Larger than Expected
Russia's trade surplus widened by 95.5 percent to USD 15.32 billion in April 2018 from USD 7.83 billion in the same month a year earlier, beating market expectations of a USD 14.0 billion surplus.
Published on 2018-06-11



Russia Trade Last Previous Highest Lowest Unit
Balance of Trade 18485.00 15797.00 20356.00 -203.00 USD Million [+]
Exports 38439.00 37436.00 50248.00 4100.00 USD Million [+]
Imports 19954.00 21639.00 32481.00 2525.00 USD Million [+]
Current Account 26400.00 19064.00 39286.00 -3774.00 USD Million [+]
Current Account to GDP 2.20 1.90 18.00 -1.40 percent [+]
External Debt 467.10 485.50 732.80 151.30 USD Billion [+]
Capital Flows 20971.51 32135.75 32845.00 -47722.55 USD Million [+]
Gold Reserves 1998.50 1909.80 1998.50 343.41 Tonnes [+]
Crude Oil Production 10814.00 10663.00 10832.00 5707.00 BBL/D/1K [+]
Terrorism Index 5.33 5.43 7.21 5.33 [+]
Weapons Sales 6148.00 6937.00 8658.00 1478.00 USD Million [+]
Remittances 408.00 368.00 436.00 44.00 USD Million [+]
Foreign Direct Investment 2583.00 7641.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
18485.00 15797.00 20356.00 -203.00 1997 - 2018 USD Million Monthly




Country Last
Argentina 314.00 Sep/18
Australia 3017.00 Sep/18
Brazil 6121.36 Oct/18
Canada -416.30 Sep/18
China 340.16 Oct/18
Euro Area 13141.70 Sep/18
France -5663.00 Sep/18
Germany 18395.00 Sep/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -194.00 Sep/18
Netherlands 4949.00 Sep/18
Russia 18485.00 Sep/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -2950.00 Sep/18
South Korea 6552.00 Oct/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -1869.47 Sep/18
United Kingdom -27.00 Sep/18
United States -54019.00 Sep/18


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