Russia Trade Surplus At Near 2-Year High In March


Russian trade surplus increased by 61.7 percent to $12.6 billion in March 2017 from $7.8 billion in the same month a year earlier and above market expectations of a $11.9 billion surplus. It was the largest trade surplus since June of 2015, as exports jumped 35.2 percent to $31.3 billion and imports went up 21.8 percent to $18.7 billion.

Exports increased by 35.2 percent to $31.3 billion from $23.1 billion in March 2016. Exports to non-CIS countries advanced 37.2 percent to $ 27.3 billion (from 28.5 percent in February) while those to CIS countries went up 23 percent to $4 billion (from 24.6 percent). 

Imports went up 21.8 percent to $18.7 billion from $15.4 billion a year earlier. Imports from non-CIS countries climbed 20.1 percent to $16.6 billion (from 18.8 percent in February) and those from CIS countries advanced by 36.6 percent to $2.1 billion (from 42.2 percent).

The trade surplus with non-CIS countries jumped by 76.2 percent to $10.7 billion while with CIS countries went up 10.7 percent to $1.9 billion.

According to more detailed data from Russian Customs Statistics, trade surplus went up by 59.2 percent year-on-year to $13.9 billion. Exports surged by 34.6 percent to $31.6 billion and imports rose by 20 percent to $17.7 billion. 

Exports rose mainly for: fuels and energy products (46.8 percent to $19 billion) followed by metals (37.8 percent to $3.8 billion); chemical products (18.8 percent to $2.4 billion); foodstuffs and raw materials (40.8 percent to $2 billion) and machinery and equipment (1.2 percent to $1.7 billion).

Imports went up for: machinery and equipment (21.5 percent to $8.1 billion) followed by chemical products (22.7 percent to $3.5 billion); foodstuffs and raw materials (15.9 percent to $2.4 billion); textiles and footwear (26 percent to $1.1 billion) and metals (30.3 percent to  $1.2 billion).


Russia Trade Surplus At Near 2-Year High In March


Yekaterina Guchshina | yekaterina@tradingeconomics.com
5/12/2017 1:25:47 PM