The trade surplus in Russia narrowed to USD 15.47 billion in December 2019 from USD 18.43 billion in the same month a year earlier. Still, that was the largest trade surplus since last March. Exports dropped 3 percent as sales to non-CIS countries declined 4.8 percent, while those to CIS countries climbed 9.8 percent. Meanwhile, imports increased 7.7 percent on the back of purchases from non-CIS (7.9 percent) and CIS countries (5.5 percent). Considering 2019 full year, the trade surplus narrowed to USD 164.74 billion from USD 194.43 billion the year before.
Balance of Trade in Russia averaged 9530.76 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. This page provides - Russia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Central Bank of Russia
Balance of Trade in Russia is expected to be 17500.00 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 19900.00 in 12 months time. In the long-term, the Russia Balance of Trade is projected to trend around 18600.00 USD Million in 2021 and 16000.00 USD Million in 2022, according to our econometric models.