Russia’s trade surplus rose to USD 15.67 billion in February of 2019 from USD 12.22 billion in the corresponding month of the previous year. Exports advanced 8.6 percent to USD 34.04 billion, boosted by shipments to non-CIS countries (+10.5 percent to USD 29.73 billion) while those to CIS countries decreased (-2.6 percent to USD 4.30 billion). Also, imports fell 3.9 percent to USD 18.37 billion, as purchases from non-CIS countries declined 4.2 percent to USD 16.37 billion and those from CIS countries went down 1 percent to USD 2.0 billion. Balance of Trade in Russia averaged 9382.65 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
2019-01-18 01:00 PM Balance of Trade $18.98B $19.7B $15.1B
2019-02-11 01:00 PM Balance of Trade $18.86B $18.98B $19.25B $19.1B
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 $15.671B $16.0B
2019-06-11 01:00 PM Balance of Trade $17.1B
2019-07-12 01:00 PM Balance of Trade $15.7B


Russia Trade Last Previous Highest Lowest Unit
Balance of Trade 15671.00 13647.00 20356.00 -203.00 USD Million [+]
Current Account 32800.00 38400.00 39286.00 -3774.00 USD Million [+]
Current Account to GDP 2.20 1.90 18.00 -1.40 percent [+]
Imports 18372.00 16495.00 32481.00 2525.00 USD Million [+]
Exports 34043.00 30142.00 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 11051.00 10972.00 11051.00 5707.00 BBL/D/1K [+]
Terrorism Index 5.23 5.33 7.21 5.23 [+]
Weapons Sales 6148.00 6937.00 8658.00 1478.00 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
15671.00 13647.00 20356.00 -203.00 1997 - 2019 USD Million Monthly




Country Last Previous
Argentina 460.00 Feb/19
Australia 4801.00 Feb/19
Brazil 4990.00 Mar/19
Canada -2894.80 Feb/19
China 326.47 Mar/19
Euro Area 17938.00 Feb/19
France -4002.00 Feb/19
Germany 17900.00 Feb/19
India -10890.00 Mar/19
Indonesia 540.20 Mar/19
Italy 3267.83 Feb/19
Japan 528.50 Mar/19
Mexico 1222.00 Feb/19
Netherlands 5130.00 Feb/19
Russia 15671.00 Feb/19
Saudi Arabia 180059.00 Dec/18
Singapore 3615.50 Mar/19
South Africa 3990.00 Feb/19
South Korea 5222.00 Mar/19
Spain -4483276.00 Jan/19
Switzerland 2494.00 Mar/19
Turkey -2134.33 Feb/19
United Kingdom -4860.00 Feb/19
United States -49382.00 Feb/19


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