Russian Federation Balance of Trade

Last Release

Jan 31, 2024

Actual

7,838

Units In

USD Million

10,219

Frequency

Monthly

Next Release

Apr 11, 2024

Time to Release

28 Days 4 Hours

Highest	Lowest	Average	Date Range	Source
26,720 Dec 2021	-203 Feb 1998	9,672.96 USD Million	1996-2024	Central Bank of Russia

Russia has been running regular trade surpluses since 1998 primarily due to high exports of commodities like crude oil and natural gas. In 2015, trade surplus narrowed significantly, led by the plunge in oil prices and sanctions imposed by Europe and US over Ukraine crisis. In 2015, the biggest trade surpluses were recorded with: Netherlands, Turkey, Italy and Japan. The biggest trade deficits were recorded with: China, the United States and France.

Latest Updates

Russia's trade surplus shrank to USD 7.8 billion in January 2024 from USD 9.5 billion in the corresponding month of the previous year, marking the lowest reading since July, as exports fell faster than imports. Exports dropped by 14.1 percent to USD 28.9 billion from USD 33.6 billion in January 2023. Meanwhile, imports decreased by slower 12.6 percent to USD 21 billion from USD 24.1 billion.