Russia's trade surplus narrowed to USD 10.05 billion in September 2020 from USD 14.50 billion in the same period last year, as global and domestic demand remained subdued amid rising COVID-19 cases and new lockdowns across the world. Exports fell 14.1 percent led by lower sales to both non-CIS (-15.7 percent) and CIS countries (-3.8 percent). Meanwhile, imports declined at a softer 2.7 percent, as purchases from non-CIS countries were down 2.3 percent and those from CIS dropped 5.5 percent. source: Central Bank of Russia

Balance of Trade in Russia averaged 9470.06 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 November of 2020.

Balance of Trade in Russia is expected to be 6900.00 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 14500.00 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.

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Russia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
10052.00 3234.00 20356.00 -203.00 1997 - 2020 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-08-11 01:00 PM Jun $5.29B $3.67B $4.1B $5.1B
2020-09-11 01:00 PM Jul $4.253B $5.29B $5.5B $5.1B
2020-10-12 01:00 PM Aug $3.72B $4.78B $6.9B $7.4B
2020-11-11 01:00 PM Sep $10.052B $3.234B $6.614B $ 7.4B
2020-12-11 01:00 PM Oct $10.052B
2021-01-18 01:00 PM Nov
2021-02-11 01:00 PM Dec
2021-03-12 01:00 PM Jan


News Stream
Russia Trade Surplus Narrows Amid Weak Global Demand
Russia's trade surplus narrowed to USD 10.05 billion in September 2020 from USD 14.50 billion in the same period last year, as global and domestic demand remained subdued amid rising COVID-19 cases and new lockdowns across the world. Exports fell 14.1 percent led by lower sales to both non-CIS (-15.7 percent) and CIS countries (-3.8 percent). Meanwhile, imports declined at a softer 2.7 percent, as purchases from non-CIS countries were down 2.3 percent and those from CIS dropped 5.5 percent.
2020-11-11
Russia Trade Surplus Narrows More than Extected in August
Russia's trade surplus fell sharply to USD 3.72 billion in August of 2020 from USD 12.35 billion in the corresponding month of the previous year, below market expectations of a USD 6.9 billion surplus. Exports tumbled 32.3 percent from a year earlier to USD 23.26 billion, led by lower shipments to both non-CIS (-34.5 percent) and CIS countries (-18.6 percent). Meanwhile, imports fell at a softer 11.1 percent to USD 19.54 billion, dragged down by reduced purchases from both non-CIS countries (-11.6 percent) and CIS countries (-7.6 percent).
2020-10-12
Russia Trade Surplus Shrinks More than Expected
Russia's trade surplus narrowed to USD 4.25 billion in July of 2020 from USD 11.05 billion in the same month of the previous year, below market expectations of a USD 5.5 billion surplus. Exports slumped 29.2 percent from a year earlier to USD 23.68 billion, led by lower shipments to both non-CIS (-32.6 percent) and CIS countries (-7.8 percent). Meanwhile, imports fell at a softer 13.2 percent to USD 19.42 billion, dragged down by reduced purchases from both non-CIS countries (-13.2 percent) and CIS countries (-13.4 percent).
2020-09-11
Russia Trade Surplus Narrows in June
Russia's trade surplus decreased to USD 5.29 billion in June of 2020 from USD 12.36 billion in the same month of the previous year but above market expectations of a USD 4.1 billion surplus. Exports slumped 25.3 percent to USD 24.2 billion, led by lower shipments to both non-CIS (-28.2 percent) and CIS countries (-6.8 percent). Meanwhile, imports fell at a softer 5.6 percent to USD 18.9 billion, dragged down by reduced purchases from both non-CIS countries (-4.4 percent) and CIS countries (-14.3 percent). In the second quarter of the year, the country's trade surplus narrowed to USD 15.4 billion from EUR 31.9 billion in the previous quarter, reflecting the adverse effects of the pandemic crisis.
2020-08-11

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.