Russia’s trade surplus shrank to USD 12.508 billion in June of 2019 from USD 15.201 billion in the corresponding month of the previous year. Exports plunged 10.5 percent from a year earlier to USD 32.476 billion, the third straight monthly decline. Shipments to non-CIS countries dropped 12.2 percent while those to CIS countries edged up 0.7 percent. Imports fell at a softer 5.3 percent to USD 19.968 billion, dragged by lower purchases from non-CIS countries (-6 percent). On the other hand, imports from CIS countries increased 0.7 percent. Considering the second quarter of 2019, the trade surplus narrowed by 16.2 percent to USD 38.036 billion from USD 45.367 billion in the same period a year earlier. Balance of Trade in Russia averaged 9446.60 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 14800.00 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 14400.00 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
2019-05-17 01:00 PM Balance of Trade Mar $15.5B $16.4B $16B $16.0B
2019-06-11 01:00 PM Balance of Trade Apr $13.71B $15.54B $15.7B $17.1B
2019-07-12 01:00 PM Balance of Trade May $11.82B $13.71B $15.7B
2019-08-09 01:00 PM Balance of Trade Jun $12.51B $11.82B $12.5B $13.0B
2019-09-11 01:00 PM Balance of Trade Jul $12.51B $14.4B
2019-10-11 01:00 PM Balance of Trade Aug $18.9B
2019-11-11 01:00 PM Balance of Trade Sep $14.8B


Russia Trade Last Previous Highest Lowest Unit
Balance of Trade 12508.00 11823.00 20356.00 -203.00 USD Million [+]
Current Account 12100.00 33692.00 39286.00 -3774.00 USD Million [+]
Current Account to GDP 7.00 2.10 18.00 -1.40 percent [+]
Imports 19968.00 19769.00 32481.00 2525.00 USD Million [+]
Exports 32476.00 31592.00 50248.00 4100.00 USD Million [+]
External Debt 482.40 467.80 732.80 151.30 USD Billion [+]
Capital Flows 31354.85 32711.99 32845.00 -47789.81 USD Million [+]
Gold Reserves 2119.20 2113.00 2119.20 343.41 Tonnes [+]
Crude Oil Production 10835.00 10895.00 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 375.00 317.00 436.00 44.00 USD Million [+]
Foreign Direct Investment 10206.00 1506.00 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
12508.00 11823.00 20356.00 -203.00 1997 - 2019 USD Million Monthly




Country Last Previous
Argentina 1061.00 Jun/19
Australia 8036.00 Jun/19
Brazil 2290.00 Jul/19
Canada 135.80 Jun/19
China 450.50 Jul/19
Euro Area 23033.60 May/19
France -5187.00 Jun/19
Germany 16821.00 Jun/19
India -15280.00 Jun/19
Indonesia 196.00 Jun/19
Italy 5728.50 Jun/19
Japan 589.46 Jun/19
Mexico 2561.00 Jun/19
Netherlands 5579.00 May/19
Russia 12508.00 Jun/19
Saudi Arabia 131636.00 Mar/19
Singapore 2447.29 Jun/19
South Africa 4419.50 Jun/19
South Korea 2441.00 Jul/19
Spain -2110200.00 May/19
Switzerland 3251.00 Jun/19
Turkey -3177.27 Jun/19
United Kingdom 1779.00 Jun/19
United States -55154.00 Jun/19


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