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.