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Russia Trade Surplus at 2-Year High
Russian trade surplus increased to USD 19.8 billion in April of 2014 from USD 19.7 billion in the previous month and USD 14.2 billion a year earlier. It is the highest surplus since February of 2012 as exports grew at its fastest annual pace in twenty five months.
Exports increased 6.7 percent year-on-year to USD 47.45 billion in April. Sales to countries outside the Commonwealth of Independent States (CIS) recorded its strongest gain since July of 2013 and rose 7 percent year-on-year. Shipments to the CIS countries grew 4.8 percent, the first annual increase in fifteen months.
Imports fell for the fourth consecutive month by 8.7 percent year-on-year to USD 27.6 billion, as purchases from the non-CIS countries fell 5.9 percent and those from the CIS countries dropped 25.5 percent.
On a monthly basis, exports rose 1.24 percent in April, following a 28 percent surge in the previous month and imports increased 1.72 percent.
Joana Taborda | joana.taborda@tradingeconomics.com
6/11/2014 12:54:35 PM
Russian trade surplus increased to USD 19.8 billion in April of 2014 from USD 19.7 billion in the previous month and USD 14.2 billion a year earlier. It is the highest surplus since February of 2012 as exports grew at its fastest annual pace in twenty five months.
Exports increased 6.7 percent year-on-year to USD 47.45 billion in April. Sales to countries outside the Commonwealth of Independent States (CIS) recorded its strongest gain since July of 2013 and rose 7 percent year-on-year. Shipments to the CIS countries grew 4.8 percent, the first annual increase in fifteen months.
Imports fell for the fourth consecutive month by 8.7 percent year-on-year to USD 27.6 billion, as purchases from the non-CIS countries fell 5.9 percent and those from the CIS countries dropped 25.5 percent.
On a monthly basis, exports rose 1.24 percent in April, following a 28 percent surge in the previous month and imports increased 1.72 percent.
Joana Taborda | joana.taborda@tradingeconomics.com
6/11/2014 12:54:35 PM
