Russia’s trade surplus narrowed to USD 12.01 billion in August of 2019 from USD 15.80 billion in the corresponding month of the previous year, in line with market expectations. Exports slumped for the fifth straight month by 9.7 percent from a year earlier to USD 33.84 billion, dragged by both non-CIS countries (-11.1 percent) and CIS countries (-0.1 percent). Meantime, imports edged up 0.8 percent year-on-year to USD 21.83 billion, as purchases from CIC countries rose 7.5 percent while those from non-CIS countries showed no growth. Balance of Trade in Russia averaged 9466.65 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 19800.00 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.

Russia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-07-12 01:00 PM Balance of Trade May $11.82B $13.71B $15.7B
2019-08-09 01:00 PM Balance of Trade Jun $12.51B $11.82B $12.5B $13.0B
2019-09-11 01:00 PM Balance of Trade Jul $11.22B $12.51B $11B $12B
2019-10-11 01:00 PM Balance of Trade Aug $12.01B $10.79B $12B $16B
2019-11-11 01:00 PM Balance of Trade Sep $12.01B $ 14.8B
2019-12-11 01:00 PM Balance of Trade Oct $22.1B


Russia Trade Last Previous Highest Lowest Unit
Balance of Trade 12006.00 10786.00 20356.00 -203.00 USD Million [+]
Current Account 12900.00 10552.00 39286.00 -3774.00 USD Million [+]
Current Account to GDP 7.00 2.10 18.00 -1.40 percent [+]
Imports 21831.00 22253.00 32481.00 2525.00 USD Million [+]
Exports 33837.00 33039.00 50248.00 4100.00 USD Million [+]
External Debt 471.60 482.40 732.80 151.30 USD Billion [+]
Capital Flows 13833.73 31195.89 32845.00 -47789.81 USD Million [+]
Gold Reserves 2219.18 2206.99 2219.18 343.41 Tonnes [+]
Crude Oil Production 10756.00 10709.00 11051.00 5707.00 BBL/D/1K [+]
Terrorism Index 5.23 5.33 7.21 5.23 [+]
Weapons Sales 6409.00 5741.00 8690.00 1477.00 USD Million [+]
Remittances 474.00 438.00 474.00 44.00 USD Million [+]
Foreign Direct Investment 10206.00 1506.00 40140.00 -3922.00 USD Million [+]


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. This page provides - Russia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Balance of Trade - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
12006.00 10786.00 20356.00 -203.00 1997 - 2019 USD Million Monthly




Country Last Previous
Argentina 1168.00 Aug/19
Australia 5926.00 Aug/19
Brazil 2250.00 Sep/19
Canada -955.30 Aug/19
China 396.50 Sep/19
Euro Area 24789.70 Jul/19
France -5019.00 Aug/19
Germany 16205.00 Aug/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 7630.87 Jul/19
Japan -136.30 Aug/19
Mexico 775.00 Aug/19
Netherlands 3879.00 Aug/19
Russia 12006.00 Aug/19
Saudi Arabia 127500.00 Jun/19
Singapore 3787.85 Aug/19
South Africa 6842.94 Aug/19
South Korea 5973.00 Sep/19
Spain -2490000.00 Jul/19
Switzerland 1152.71 Aug/19
Turkey -2500.39 Aug/19
United Kingdom -1546.00 Aug/19
United States -54896.00 Aug/19


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