Russia’s trade surplus narrowed to USD 13.71 billion in April of 2019 from EUR 14.99 billion in the corresponding month of the previous year. Exports decreased for the second straight month by 0.9 percent to USD 35.66 billion, dragged by shipments to non-CIS countries (-1.9 percent) while those to CIS countries went up 6.1 percent. Also, imports rose 4.7 percent to USD 21.95 billion, after falling for five consecutive months, boosted by purchases from both non-CIS countries (4.5 percent) and CIS countries (6 percent). Balance of Trade in Russia averaged 9427.06 USD Million from 1997 until 2019, 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 13000.00 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 17500.00 in 12 months time. In the long-term, the Russia Balance of Trade is projected to trend around 18600.00 USD Million in 2020, according to our econometric models.

Russia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-14 01:00 PM Balance of Trade $13.368B $18.856B $19.5B $20.2B
2019-04-11 01:00 PM Balance of Trade $15.671B $13.647B $19.5B $17.4B
2019-05-17 01:00 PM Balance of Trade $15.5B $16.4B $16B $16.0B
2019-06-11 01:00 PM Balance of Trade $13.71B $15.54B $15.7B $17.1B
2019-07-12 01:00 PM Balance of Trade $13.71B $15.7B
2019-08-09 01:00 PM Balance of Trade $13.0B
2019-09-11 01:00 PM Balance of Trade $14.4B


Russia Trade Last Previous Highest Lowest Unit
Balance of Trade 13705.00 15537.00 20356.00 -203.00 USD Million [+]
Current Account 32800.00 38400.00 39286.00 -3774.00 USD Million [+]
Current Account to GDP 7.00 2.10 18.00 -1.40 percent [+]
Imports 21950.00 20960.00 32481.00 2525.00 USD Million [+]
Exports 35655.00 36497.00 50248.00 4100.00 USD Million [+]
External Debt 467.80 453.70 732.80 151.30 USD Billion [+]
Capital Flows 33092.79 29184.78 33092.79 -47789.81 USD Million [+]
Gold Reserves 2119.20 2113.00 2119.20 343.41 Tonnes [+]
Crude Oil Production 10931.00 10973.00 11051.00 5707.00 BBL/D/1K [+]
Terrorism Index 5.23 5.33 7.21 5.23 [+]
Weapons Sales 6409.00 5741.00 8690.00 1477.00 USD Million [+]
Remittances 317.00 309.00 436.00 44.00 USD Million [+]
Foreign Direct Investment 1417.00 -2784.00 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
13705.00 15537.00 20356.00 -203.00 1997 - 2019 USD Million Monthly




Country Last Previous
Argentina 1373.00 May/19
Australia 4871.00 Apr/19
Brazil 6422.00 May/19
Canada -966.20 Apr/19
China 416.58 May/19
Euro Area 15671.60 Apr/19
France -4981.00 Apr/19
Germany 17900.00 Apr/19
India -15360.00 May/19
Indonesia 207.60 May/19
Italy 2884.57 Apr/19
Japan -967.11 May/19
Mexico 1370.00 Apr/19
Netherlands 4154.00 Apr/19
Russia 13705.00 Apr/19
Saudi Arabia 180059.00 Dec/18
Singapore 3962.64 May/19
South Africa -3427.45 Apr/19
South Korea 2271.00 May/19
Spain -1605300.00 Apr/19
Switzerland 1654.00 May/19
Turkey -2982.01 Apr/19
United Kingdom -2740.00 Apr/19
United States -50791.00 Apr/19


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