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.