Russia's trade surplus narrowed to USD 3.67 billion in May of 2020 from USD 12.46 billion in the same month of last year, the smallest trade surplus since November of 2002. Exports tumbled 35.5 percent to USD 20.9 billion, the lowest since February of 2016, led by lower sales to both non-CIS (-38 percent) and CIS countries (-19 percent). Meanwhile, imports declined at a softer 13.5 percent to USD 17.23 billion, as purchases from non-CIS countries fell 12.5 percent and those from CIS dropped 21.6 percent.
Balance of Trade in Russia averaged 9514.23 USD Million from 1997 until 2020, 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. This page provides - Russia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Central Bank of Russia
Balance of Trade in Russia is expected to be 7400.00 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 12700.00 in 12 months time. In the long-term, the Russia Balance of Trade is projected to trend around 13100.00 USD Million in 2021 and 14900.00 USD Million in 2022, according to our econometric models.