Russia’s trade surplus narrowed to $9.1 billion in October of 2024 from $9.6 billion in the corresponding period of the previous year. Imports surged by 17.4% from the previous year to $27.5 billion, the sharpest pace of growth since July of 2023. In turn, exports edged higher by 6.5% annually to $36.6 billion, refraining from picking up the same pace of imports. This was due to the decline in foreign demand for key energy commodities that make up a large portion of Russian exports as Western countries consolidate sanction, and a slowing Chinese economy purchases less energy and metals. source: Central Bank of Russia

Russia recorded a trade surplus of 9095 USD Million in October of 2024. Balance of Trade in Russia averaged 10291.88 USD Million from 1996 until 2024, reaching an all time high of 37463.00 USD Million in March of 2022 and a record low of -203.00 USD Million in February of 1998. This page provides - Russia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025.

Russia recorded a trade surplus of 9095 USD Million in October of 2024. Balance of Trade in Russia is expected to be 17000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-11-12 01:00 PM
Balance of Trade
Sep $12.63B $9.66B $ 15.5B
2024-12-12 01:00 PM
Balance of Trade
Oct $9.1B $12.38B
2025-01-20 01:00 PM
Balance of Trade
Nov $9.1B


Related Last Previous Unit Reference
Balance of Trade 9095.00 12630.00 USD Million Oct 2024
Capital Flows 17059.25 24955.79 USD Million Jun 2024
Current Account 9100.00 18000.00 USD Million Sep 2024
Current Account to GDP 2.50 10.50 percent of GDP Dec 2023
Exports 36561.00 39148.00 USD Million Oct 2024
External Debt 306.10 302.70 USD Billion Jun 2024
Foreign Direct Investment -528.00 -11174.00 USD Million Jun 2024
Imports 27466.00 26768.00 USD Million Oct 2024

Russia Balance of Trade
Russia has been running regular trade surpluses since 1998 primarily due to high exports of commodities like crude oil and natural gas. 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.
Actual Previous Highest Lowest Dates Unit Frequency
9095.00 12630.00 37463.00 -203.00 1996 - 2024 USD Million Monthly


News Stream
Russian Trade Surplus Narrows
Russia’s trade surplus narrowed to $9.1 billion in October of 2024 from $9.6 billion in the corresponding period of the previous year. Imports surged by 17.4% from the previous year to $27.5 billion, the sharpest pace of growth since July of 2023. In turn, exports edged higher by 6.5% annually to $36.6 billion, refraining from picking up the same pace of imports. This was due to the decline in foreign demand for key energy commodities that make up a large portion of Russian exports as Western countries consolidate sanction, and a slowing Chinese economy purchases less energy and metals.
2024-12-12
Russian Trade Surplus Narrows
Russia’s trade surplus narrowed to $12.6 billion in September of 2024 from $15.5 billion in the corresponding period of the previous year. Exports sank by 2.9% annually to $39.1 billion, aligned with the sharp decline in foreign demand for key energy commodities that make up a large portion of Russian exports as Western countries consolidate sanctions and a slowing Chinese economy purchases less energy and metals. In turn, imports rose by 6.7% to $26.5 billion, as the capacity crisis that Russia faces drives consumers to rely on foreign goods.
2024-11-12
Russian Trade Surplus Narrows Sharply
Russia’s trade surplus narrowed to $9.3 billion in August of 2024 from $11.7 billion in the corresponding period of the previous year, marking the narrowest trade surplus since 2017, when excluding the energy crisis caused by the pandemic in 2020. Exports sank by 7.1% annually to $34.5 billion, aligned with the sharp decline in foreign demand for key energy commodities that make up a large portion of Russian exports. Oil exports to China, Russia's largest trading partner for energy since Western sanctions shunned EU clients, collapsed by 55% according to ship tracking data collected by third-party sources, which resulted in a 28% plunge in oil and gas revenues for the Russian federal budget in the period. In the meantime, imports eased by a softer 0.9% to $25.2 billion, aligned with a weaker ruble in the period and its impact on import demand.
2024-10-14