Russia Trade Surplus Widens in August


In August of 2013, Russian trade surplus increased to 13.8 billion USD, from 11.3 billion a year earlier. The improvement is due to falling imports (-5.3 percent, year-on-year) while exports grew by 2.3 percent.

Exports increased to 42.16 billion USD, from 41.21 billion USD in August of 2012, but decreased 3 percent over July. Shipments to the Commonwealth of Independent States (CIS) decreased for the seventh month in a row by an annual 6.8 percent. In contrast, sales to the non-CIS countries increased for the third consecutive month by 4.2 percent.

Imports decreased to 28.4 billion USD, from 30.1 billion USD in July, and 30 billion USD a year earlier. Imports from the CIS countries dropped by 5.7 percent, as well as shipments from non-CIS countries declined by 5.2 percent.

Russia Trade Surplus Widens in August


Krisztina Györffy | krisztina@tradingeconomics.com
10/11/2013 4:29:37 PM