Exports shrank 19.8 percent year-on-year to USD 24.1 billion while imports decreased 1.4 percent to USD 15.99 billion, central bank data showed.
The trade surplus with CIS countries fell at a faster 44.7 percent to USD 6.5 billion and with non-CIS countries declined 22.1 percent to USD 1.6 billion.
According to more detailed data from Russian Customs Statistics, trade surplus went down by 47 percent year-on-year to USD 50.5 billion in January-June 2016. Exports decreased by 28.7 percent to USD 130.4 billion. Imports fell 8.9 percent to USD 79.9 billion.
Exports to non-CIS countries decreased by 29.2 percent to USD 159.3 billion. The biggest drop was reported for: fuels and energy products (- 35.5 percent) followed by metals (-24.4 percent); chemical products (- 28.3 percent) and machinery and equipment (-16.4 percent). In contrast, shipments of foodstuffs and raw materials rose by 8.7 percent. Exports to CIS countries dropped by 24.4 percent to USD 22.5 billion with all categories reporting declines: fuels and energy products (-36.1 percent); machinery and equipment (-35.8 percent); chemical products (-5.6 percent); metals (-17.8 percent) and foodstuffs and raw materials (-8.6 percent).
Imports from non-CIS countries declined 7.7 percent to USD 70.7 billion. The biggest drop was reported for: machinery and equipment (-8.2 percent), followed by chemical products (-2.9 percent); foodstuffs and raw materials (-8.7 percent); textiles and footwear (-8.6 percent); metals (-11.3 percent). Purchases from CIS countries went down by 15.3 to USD 8.5 billion led by chemical products (-22.1 percent) and metals (-9.7 percent). In contrast, purchases rose for machinery and equipment (+ 2.9 percent) and foodstuffs and raw materials (+14.4 percent).