Russia's trade surplus shrank to USD 10.56 billion in December 2020 from USD 15.23 billion in the corresponding month of the previous year. Exports tumbled 10.4 percent from a year earlier to USD 35.5 billion due to lower sales to non-CIS (-10.7 percent) and CIS countries (-8.6 percent). Meanwhile, imports rose for the first time since February by 2.3 percent to USD 24.95 billion, boosted by purchases from non-CIS countries (3.3 percent). Considering the fourth quarter of 2020, the country’s trade surplus narrowed to USD 24.08 billion from USD 40.97 billion. source: Central Bank of Russia
Balance of Trade in Russia averaged 9456.48 USD Million from 1997 until 2020, 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. Russia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Balance of Trade in Russia is expected to be 19900.00 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 18600.00 in 12 months time. In the long-term, the Russia Balance of Trade is projected to trend around 18600.00 USD Million in 2022 and 14900.00 USD Million in 2023, according to our econometric models.