Russia’s trade surplus narrowed to USD 13.71 billion in April of 2019 from EUR 14.99 billion in the corresponding month of the previous year. Exports decreased for the second straight month by 0.9 percent to USD 35.66 billion, dragged by shipments to non-CIS countries (-1.9 percent) while those to CIS countries went up 6.1 percent. Also, imports rose 4.7 percent to USD 21.95 billion, after falling for five consecutive months, boosted by purchases from both non-CIS countries (4.5 percent) and CIS countries (6 percent). Balance of Trade in Russia averaged 9427.06 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 13000.00 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 17500.00 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.