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. source: Central Bank of Russia
Balance of Trade in Russia averaged 9470.06 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 November of 2020.
Balance of Trade in Russia is expected to be 6900.00 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 14500.00 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.