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.


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Russia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
15466.00 12270.00 20356.00 -203.00 1997 - 2019 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-11-11 01:00 PM Sep $14.15B $12.01B $14B $ 14.8B
2019-12-12 01:00 PM Oct $12.423B $14.148B $14B $15B
2020-01-17 01:00 PM Nov $12.27B $12.979B $11.2B
2020-02-11 01:00 PM Dec $15.47B $12.27B $ 14.6B
2020-03-13 01:00 PM Jan $15.47B $14.6B
2020-04-10 01:00 PM Feb
2020-05-15 01:00 PM Mar $ 14.5B
2020-06-11 01:00 PM Apr


News Stream
Russia Trade Surplus Narrows in December
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.
2020-02-11
Russia Trade Surplus Narrows in November
Russia's trade surplus narrowed to USD 12.27 billion in November 2019 from USD 18.99 billion in the same month last year, as exports plunged 12 percent due to lower sales to non-CIS countries (-14.6 percent). Meanwhile, exports to CIS countries surged 7.6 percent. Imports, on the other hand, jumped 8.9 percent, boosted by purchases from both non-CIS (9.2 percent) and CIS countries (6.5 percent). Considering January-November, the trade surplus decreased to USD 149.3 billion from USD 176.0 billion in the same period of 2018.
2020-01-17
Russia Trade Surplus Narrows in October
Russia’s trade surplus shrank to USD 12.42 billion in October 2019 from USD 12.42 billion a year earlier, slightly above market expectations of USD 19.81 billion. Exports fell for the sixth straight month by 12.6 percent to USD 36.10 billion, due to lower shipments to both non-CIS countries (-12.3 percent) while those to CIS countries edged up (-14.3 percent). Meanwhile, imports jumped 10.2 percent to USD 23.68 billion, boosted by purchases from non-CIS countries (+11.4 percent).
2019-12-12
Russia Trade Surplus Narrows as Exports Fall
Russia’s trade surplus shrank to USD 14.15 billion in September 2019 from USD 18.84 billion a year earlier, slightly above market expectations of USD 14.0 billion. Exports fell for the fifth straight month by 9.3 percent to USD 35.04 billion, mainly due to lower shipments to non-CIS countries (-10.7 percent) while those to CIS countries edged up (+1.1 percent). Meanwhile, imports rose 5.6 percent to USD 20.89 billion, boosted by both non-CIS countries (+4.6 percent) and CIS countries (+13.8 percent). In the third-quarter of 2019, the country’s trade surplus declined to USD 36.94 billion from USD 47.75 billion in the same period 2018, with exports sliding 7.7 percent while imports climbed 3.7 percent.
2019-11-11

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.