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.