Russia Current Account2022 Data - 2023 Forecast - 1994-2021 Historical - Calendar

Russia’s current account surplus widened to USD 58.2 billion in Q1 of 2022 from USD 22.5 billion in the same period last year, a preliminary estimate showed. It was the largest current account surplus since available records began in 1994, as the goods and services account widened to USD 66.3 billion from USD 25.8 billion a year ago, with exports jumping 50 percent and imports rising at a slower 14 percent. On the other hand, the aggregated primary and secondary income accounts recorded a deficit of USD 8.1 billion, widening from the USD 3.3 billion gap the prior year, as payables increased by 55 percent and receivables rose at a softer 36 percent.

Russia's current account surplus widened to USD 41.8 billion in the Q4 of 2021 from USD 7 billion in the same period last year, a preliminary estimate showed. It was the largest current account surplus since available records began in 1994, as the goods surplus jumped to USD 63.4 billion from USD 25 billion a year ago, with exports jumping 57.2% to USD 148.7 billion, boosted by sales of oil (86.7%), oil products (74.5%) and natural gas (131.1%). Imports, however, advanced at a slower 22.4% to USD 85.3 billion. Meanwhile, the services gap went up to USD 7.4 billion from USD 5.2 billion in Q4 2020 and the primary income shortfall increased to USD 13 billion from USD 11.5 billion. The secondary income deficit fell slightly to USD 1.2 billion from 1.5 billion a year ago. In 2021, Russia posted a record current account surplus of USD 120.3 billion, determined by the twofold widening of trade balance surplus to USD 185.9 billion.

Russia's current account surplus widened to USD 40.8 billion in the third quarter of 2021 from USD 3.9 billion in the same period last year, a preliminary estimate showed. It was the largest current account surplus since available records began in 1994, as the goods surplus rose sharply to USD 56.8 billion from USD 18.8 billion a year ago, with exports jumping 70.8 percent to USD 134.9 billion, amid higher sales of oil (81.9 percent), oil products (104.7 percent) and natural gas (152.9 percent). Imports, however, advanced at a slower 29.7 percent to USD 78.1 billion. Meanwhile, the services deficit increased to USD 4.6 billion from USD 3.6 billion; the investment income gap went up slightly to USD 9.6 billion from USD 9.5 billion and the secondary income shortfall rose to USD 1.8 billion from USD 1.6 billion. Considering the first nine months of 2021, the country's current account surplus increased to USD 82.2 billion from USD 29 billion in the same period a year earlier.