Exports increased 1.5 percent on the year to USD 39.6 billion, but fell sharply by 19.7 percent over the previous month.
Sales to countries outside the Commonwealth of Independent States which account for around 85 percent of total exports, decreased 17.9 percent compared with the previous month. On a monthly basis, sales rose 3.2 percent.
Exports to the Commonwealth of Independent States shrank for the third straight month by 7.7 percent year-on-year, while dropping sharply by 29.9 percent over December.
Imports fell to USD 20.6 billion, down by 4.8 percent year-on-year and by 38 percent on a monthly basis.