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.

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Russia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
10556.00 7084.00 20356.00 -203.00 1997 - 2020 USD Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-11-11 01:00 PM Sep $10.052B $3.234B $6.614B $ 7.4B
2020-12-11 01:00 PM Oct $6.44B $10.05B $8.2B $8.5B
2021-01-15 01:00 PM Nov $7.08B $6.44B
2021-02-11 01:00 PM Dec $10.556B $7.084B $6.9B
2021-03-12 01:00 PM Jan $10.556B
2021-04-09 01:00 PM Feb
2021-05-12 01:00 PM Mar $ 10.1B
2021-06-11 01:00 PM Apr


News Stream
Russia Trade Surplus Narrows in December
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.
2021-02-11
Russia Trade Surplus Narrows in November
Russia's trade surplus narrowed to USD 7.08 billion in November 2020, from USD 12.58 billion in the same period last year, as global demand remained subdued amid rising COVID-19 cases and new lockdowns. Exports fell 16.9 percent due to lower sales to non-CIS (-18.3 percent) and CIS countries (-8.4 percent). Meanwhile, imports declined at a softer 2.3 percent, as purchases from non-CIS countries were down 1.7 percent and those from the CIS dropped 7.5 percent.
2021-01-15
Russia Trade Surplus Narrows in October
Russia's trade surplus narrowed to USD 6.44 billion in October 2020, from USD 13.16 billion in the same period last year and below market expectations of USD 8.2 billion, as global demand remained subdued amid rising COVID-19 cases and new lockdowns. Exports fell 23.8 percent due to lower sales to non-CIS (-27.4 percent). Exports to the CIS were unchanged. Meanwhile, imports declined at a softer 8.8 percent, as purchases from non-CIS countries were down 8.9 percent and those from the CIS dropped 8.6 percent.
2020-12-11
Russia Trade Surplus Narrows Amid Weak Global Demand
Russia's trade surplus narrowed to USD 10.05 billion in September 2020 from USD 14.50 billion in the same period last year, as global and domestic demand remained subdued amid rising COVID-19 cases and new lockdowns across the world. Exports fell 14.1 percent led by lower sales to both non-CIS (-15.7 percent) and CIS countries (-3.8 percent). Meanwhile, imports declined at a softer 2.7 percent, as purchases from non-CIS countries were down 2.3 percent and those from CIS dropped 5.5 percent.
2020-11-11

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.