Russia Balance of Trade  1997-2018 | Data | Chart | Calendar | Forecast

Russia's trade surplus widened sharply to USD 13.40 billion in July 2018 from USD 3.83 billion in the same month a year earlier, but still below market expectations of a USD 14.40 billion surplus. Balance of Trade in Russia averaged 9173.98 USD Million from 1997 until 2018, 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.

Russia Balance of Trade
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Russia July Trade Surplus Smaller than Expected


Russia's trade surplus widened sharply to USD 13.40 billion in July 2018 from USD 3.83 billion in the same month a year earlier, but still below market expectations of a USD 14.40 billion surplus.

Exports jumped 39.5 percent to USD 34.43 billion in July from USD 24.68 billion a year ago, as exports to non-CIS countries climbed 42.5 percent to USD 29.83 billion and those to CIS countries went up 22.7 percent to USD 4.60 billion. 

Imports went up at a much softer 0.9 percent to USD 21.03 billion from USD 20.85 billion a year earlier. Imports from non-CIS countries increased 0.9 percent to USD 18.85 billion and those from CIS countries advanced 0.3 percent to USD 2.18 billion. 

The trade surplus with non-CIS countries grew 385.8 percent to USD 10.99 billion from USD 2.26 billion a year ago; and with CIS countries it widened 53.7 percent to USD 2.42 billion from USD 1.57 billion.

Considering January-July, the trade surplus widened to USD 104.04 billion from USD 63.51 billion in the same period of 2017.


Joana Ferreira | joana.ferreira@tradingeconomics.com
9/11/2018 1:12:29 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-07-12 01:00 PM Balance of Trade $15.15B $15.32B $18.06B $17.1B
2018-08-10 01:00 PM Balance of Trade $15.56B $15.15B $15.85B $ 9.2B
2018-09-11 01:00 PM Balance of Trade $13.402B $15.555B $14.4B $11.5B
2018-10-12 01:00 PM Balance of Trade $13.402B $14.8B
2018-11-09 01:00 PM Balance of Trade $ 11.1B
2018-12-12 01:00 PM Balance of Trade


Russia Trade Last Previous Highest Lowest Unit
Balance of Trade 13402.00 15555.00 20356.00 -203.00 USD Million [+]
Exports 34428.00 36571.00 50248.00 4100.00 USD Million [+]
Imports 21026.00 21016.00 32481.00 2525.00 USD Million [+]
Current Account 22300.00 30827.00 39286.00 -3774.00 USD Million [+]
Current Account to GDP 2.20 1.90 18.00 -1.40 percent [+]
External Debt 485.50 524.90 732.80 151.30 USD Billion [+]
Capital Flows 33473.41 14123.56 33473.41 -47722.55 USD Million [+]
Gold Reserves 1909.80 1857.70 1909.80 343.41 Tonnes [+]
Crude Oil Production 10569.00 10562.00 10832.00 5707.00 BBL/D/1K [+]
Terrorism Index 5.33 5.43 7.21 5.33 [+]
Weapons Sales 6148.00 6937.00 8658.00 1478.00 USD Million [+]
Remittances 368.00 342.00 436.00 44.00 USD Million [+]
Foreign Direct Investment 4300.00 1742.00 40140.00 -3922.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
13402.00 15555.00 20356.00 -203.00 1997 - 2018 USD Million Monthly




balance of trade by Country
Country Last
Argentina -789.00 Jul/18
Australia 1551.00 Jul/18
Brazil 3774.99 Aug/18
Canada -114.30 Jul/18
China 279.10 Aug/18
Euro Area 17555.60 Jul/18
France -3490.00 Jul/18
Germany 16461.00 Jul/18
India -17390.00 Aug/18
Indonesia -1021.40 Aug/18
Italy 5676.00 Jul/18
Japan -445.00 Aug/18
Mexico -2889.20 Jul/18
Netherlands 4612.00 Jul/18
Russia 13402.00 Jul/18
Saudi Arabia 120299.00 Mar/18
Singapore 6755.10 Aug/18
South Africa -4657.00 Jul/18
South Korea 6900.00 Aug/18
Spain -2448240.00 Jun/18
Switzerland 1154.26 Jul/18
Turkey -5980.00 Jul/18
United Kingdom -111.00 Jul/18
United States -50082.00 Jul/18


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