Russian trade surplus down 11pc in January-September

MOSCOW (Xinhua) – Russia’s trade surplus fell by 11 per cent year on year to USD133.3 billion in the first nine months of the year, the Russian Federal Customs Service said yesterday.

“The trade balance was positive at USD133.3 billion, which is USD16.4 billion less than in January-September 2018,” it said in a statement.

Trade turnover amounted to USD489.4 billion in the first nine months, down 2.9 per cent year on year.

Exports amounted to USD311.4 billion, down 4.8 per cent. Fuel and energy products accounted for 63.4 per cent of the exports, with an increase in volume of three per cent and a decline in value of 6.6 per cent.

Metals, another major export item contributing to the surplus, accounted for 9.3 per cent of total exports. Their volume and value declined by 9.4 per cent and 11.6 per cent respectively.

Imports were worth USD178 billion, down 0.5 per cent year on year.