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.