Russia Trade Surplus Deteriorates Sharply in June


Russian trade surplus narrowed 24 percent to USD 13.97 billion in June of 2014 from USD 18.28 billion reported in previous month as exports decreased 8 percent and imports grew 3 percent.

On a monthly basis, sales to countries outside the Commonwealth of Independent States (CIS) decreased 6.6 percent while shipments to the CIS countries fell 15 percent. Shipments to countries outside CIS account for around 85 percent of Russia's total exports. 

Year-on-year, trade surplus declined 2.6 percent. Exports fell 2.6 percent to USD 40.74 billion in June. Sales to countries outside the Commonwealth of Independent States (CIS) decreased 3.6 percent while shipments to the CIS countries jumped 1.6 percent.  Imports declined 5.2 percent to USD 26.79 billion. Purchases from non-CIS dropped 2.1 percent while from the CIS countries shrank by 17.2 percent.

Russia Trade Surplus Deteriorates Sharply in June


Central Bank of Russia | anna@tradingeconomics.com
8/11/2014 4:58:26 PM