Russia's trade surplus widened to USD 18.86 billion in December 2018 from USD 13.39 billion in the same period of the previous year. Exports increased 10.2 percent to USD 41.36 billion as sales to non-CIS countries climbed 13.5 percent to USD 36.40 billion while those to CIS countries fell 9.1 percent to USD 4.96 billion. Meanwhile, imports declined for the second month running by 6.8 percent to USD 22.50 billion as purchases from non-CIS countries dropped 7.6 percent to USD 20.13 billion and those from CIS countries edged up 0.1 percent to USD 2.37 billion. Considering 2018 full year, the trade surplus widened sharply to USD 194.95 billion from USD 115.42 billion in 2017. Balance of Trade in Russia averaged 9344.59 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 11000.00 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 10900.00 USD Million in 2020, according to our econometric models.

Russia Balance of Trade
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
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 $19.7B $18.49B $17.9B $17.6B
2019-01-18 01:00 PM Balance of Trade $18.98B $19.7B $15.1B
2019-02-11 01:00 PM Balance of Trade $18.86B $18.98B $19.25B $19.1B
2019-03-14 01:00 PM Balance of Trade $18.86B
2019-04-11 01:00 PM Balance of Trade
2019-05-17 01:00 PM Balance of Trade



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



Russia Trade Last Previous Highest Lowest Unit
Balance of Trade 18856.00 18984.00 20356.00 -203.00 USD Million [+]
Current Account 38800.00 27664.00 39286.00 -3774.00 USD Million [+]
Current Account to GDP 2.20 1.90 18.00 -1.40 percent [+]
Imports 22501.00 21476.00 32481.00 2525.00 USD Million [+]
Exports 41357.00 40460.00 50248.00 4100.00 USD Million [+]
External Debt 453.70 467.10 732.80 151.30 USD Billion [+]
Capital Flows 29324.93 20584.25 32845.00 -47722.55 USD Million [+]
Gold Reserves 2113.00 2113.00 2113.00 343.41 Tonnes [+]
Crude Oil Production 11014.00 10964.00 11014.00 5707.00 BBL/D/1K [+]
Terrorism Index 5.23 5.33 7.21 5.23 [+]
Weapons Sales 6148.00 6937.00 8658.00 1478.00 USD Million [+]
Remittances 309.00 408.00 436.00 44.00 USD Million [+]
Foreign Direct Investment -4245.00 2310.00 40140.00 -4245.00 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
18856.00 18984.00 20356.00 -203.00 1997 - 2018 USD Million Monthly




Country Last Previous
Argentina 1369.00 Dec/18
Australia 3681.00 Dec/18
Brazil 2190.00 Jan/19
Canada -2060.10 Nov/18
China 391.60 Jan/19
Euro Area 16990.70 Dec/18
France -4653.00 Dec/18
Germany 13900.00 Dec/18
India -14730.00 Jan/19
Indonesia -1159.50 Jan/19
Italy 3658.00 Dec/18
Japan -55.29 Dec/18
Mexico 1836.32 Dec/18
Netherlands 3572.00 Dec/18
Russia 18856.00 Dec/18
Saudi Arabia 184673.00 Sep/18
Singapore 2415.21 Jan/19
South Africa 17167.41 Dec/18
South Korea 1336.00 Jan/19
Spain -2568800.00 Nov/18
Switzerland 1787.14 Dec/18
Turkey -2674.41 Dec/18
United Kingdom -3229.00 Dec/18
United States -49313.00 Nov/18


Related

Latest