Exports increased by 27.8 percent to $28.1 billion from $22 billion in May 2016. It was the seventh straight month of gains in sales, following 2 years of decreases. Exports to non-CIS countries advanced 28.2 percent to $ 24.1 billion (from 20 percent in April) while those to CIS countries went up 25.4 percent to $4.1 billion (from 20.5 percent).
Imports went up 35.9 percent to $19.6 billion from $14.4 billion a year earlier. It was the highest reading since December of 2015. Imports rose for the 10th month in a row after two and a half years of declines. Imports from non-CIS countries climbed 36.6 percent to $16.1 billion (from 21.4 percent in April) and those from CIS countries advanced by 31 percent to $2.2 billion (from 6.3 percent).
The trade surplus with non-CIS countries jumped by 10.4 percent to $6.7 billion while with CIS countries went up 19.2 percent to $1.8 billion.