Russia’s trade surplus shrank 1.8 times in Jan-Oct 2016

According to Central Bank data Russia’s trade shrank to USD69.704 billion from USD128.264 billion in the same period of 2015
Russia’s trade surplus  shrank 1.8 times in Jan-Oct 2016
21 December 17:26 2016 Print This Article

In Jan.-Oct. 2016, Russia’s trade surplus shrank 1.8 times to USD69.704 billion from USD128.264 billion in the same period of 2015, Central Bank data showed.

In the same period, exports dropped 21.9% to USD224.413 billion, while imports decreased by 2.7% to USD154.709 billion.

In Jan.-Oct. 2016, Russia’s foreign trade turnover dropped 15.1% to USD379.1 billion.

Exports in Oct. 2016 fell 7.6% over the same period of 2015 amounting to USD24.904 billion, while imports rose 8.2% to USD18.3 billion. At the same month, Russia’s foreign trade turnover dropped 1.5% to 43.204 billion over October 2015.

The trade surplus in October 2016 declined 34.3% to USD6.6 billion over the same period last year while dropping by 10.6% over September 2016.

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