Russia Trade Surplus Widens in October

Russian trade surplus increased 6.2 percent year-on-year to USD 13.6 billion in October of 2014 as imports keep falling at a faster pace than exports.
Central Bank of Russia | Joana Taborda | joana.taborda@tradingeconomics.com 12/12/2014 12:36:16 PM
Exports declined for the third consecutive month by 6.9 percent year-on-year to USD 40.5 billion in October of 2014. Sales to countries outside the Commonwealth of Independent States (CIS) dropped 2 percent while shipments to the CIS countries shrank for the fourth month in a row by 30.9 percent. 

Imports fell 12.4 percent year-on-year to USD 23.9 billion in October, following a 10 percent drop in the previous month. Purchases from the CIS countries contracted 29.1 percent while those from other countries fell 9.8 percent.

Russia Trade Surplus Widens in October