Russia's trade surplus narrowed to USD 3.67 billion in May of 2020 from USD 12.46 billion in the same month of last year, the smallest trade surplus since November of 2002. Exports tumbled 35.5 percent to USD 20.9 billion, the lowest since February of 2016, led by lower sales to both non-CIS (-38 percent) and CIS countries (-19 percent). Meanwhile, imports declined at a softer 13.5 percent to USD 17.23 billion, as purchases from non-CIS countries fell 12.5 percent and those from CIS dropped 21.6 percent.

Balance of Trade in Russia averaged 9514.23 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 July of 2020. source: Central Bank of Russia

Balance of Trade in Russia is expected to be 7400.00 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 12700.00 in 12 months time. In the long-term, the Russia Balance of Trade is projected to trend around 13100.00 USD Million in 2021 and 14900.00 USD Million in 2022, according to our econometric models.

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Russia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
3673.00 6433.00 20356.00 -203.00 1997 - 2020 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-04-10 01:00 PM Feb $9.66B $13.07B $9.7B $10.0B
2020-05-15 01:00 PM Mar $9.31B $9.66B $5.76B $5.7B
2020-06-11 01:00 PM Apr $6.2B $9.31B
2020-07-10 01:00 PM May $3.67B $6.43B $5.5B $5.1B
2020-08-10 01:00 PM Jun $3.67B $ 10B
2020-09-11 01:00 PM Jul
2020-10-12 01:00 PM Aug
2020-11-11 01:00 PM Sep $ 7.4B


News Stream
Russia Posts Smallest Trade Since 2002
Russia's trade surplus narrowed to USD 3.67 billion in May of 2020 from USD 12.46 billion in the same month of last year, the smallest trade surplus since November of 2002. Exports tumbled 35.5 percent to USD 20.9 billion, the lowest since February of 2016, led by lower sales to both non-CIS (-38 percent) and CIS countries (-19 percent). Meanwhile, imports declined at a softer 13.5 percent to USD 17.23 billion, as purchases from non-CIS countries fell 12.5 percent and those from CIS dropped 21.6 percent.
2020-07-10
Russia Posts Smallest Trade Surplus in 2-1/2 Years
Russia's trade surplus narrowed to USD 6.24 billion in April 2020 from USD 14.61 billion in the same period last year, the smallest trade surplus since July 2017. Exports tumbled 36 percent led by lower sales to both non-CIS (-35.5 peercent) and CIS countries (-39.3 percent). Meanwhile, imports declined at a softer 21.9 percent, as purchases from non-CIS countries fell 21.1 percent and those from CIS dropped 28 percent.
2020-06-11
Russia Trade Surplus Smallest 2-1/2 Years
Russia's trade surplus narrowed to USD 9.31 billion in March 2020 from USD 16.07 billion in the same period last year, but above market expectations of USD 5.76 billion. That was the smallest trade surplus since August 2017 as exports tumbled 20.0 percent led by lower sales to both non-CIS (-20.0 percent) and CIS countries (-20.1 percent). Meanwhile, imports declined at a softer 3.2 percent, as purchases from non-CIS countries fell 3.2 percent and those from CIS dropped 3.1 percent.
2020-05-15
Russia Trade Surplus Narrows Sharply in February
The trade surplus in Russia narrowed sharply to USD 9.66 billion in February of 2020 from USD 16.50 billion in the same month of the previous year, slightly below market expectations of a USD 9.7 billion surplus. Exports tumbled 19.1 percent to USD 28.12 billion, the most since June 2016, as sales to non-CIS countries dropped 19.9 percent and those to CIS countries fell 13.3 percent. Meantime, imports went up 1.1 percent to USD 18.46 billion, as purchases from non-CIS countries rose 1.6 percent while those from CIS countries decreased 2.4 percent.
2020-04-10

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.