Russian Federation Balance of Trade

Russia’s trade surplus widened to $11.143 billion in October 2025 from $9.085 billion a year earlier, driven by a sharper drop in imports than exports. Imports fell 11.8% YoY to $25 billion, as weaker domestic demand from Russian consumers and businesses reduced purchases of foreign goods, even with a stronger ruble. Exports declined 3.4% to $38.1 billion, pressured by lower oil prices and softer commodity demand from China, a key trading partner. Sanctions and limited access to Western markets continued to constrain trade flows, while the imbalance reflects the country’s struggling economy, which is curbing imports more than it affects export revenue.