Russian Federation Balance of Trade

Last Release

Jan 31, 2025

Actual

7,159

Units In

USD Million

5,575

Frequency

Monthly

Next Release

May 16, 2025

Time to Release

1 Months 2 Days 15 Hours

Highest	Lowest	Average	Date Range	Source
26,720 Dec 2021	-203 Feb 1998	9,684.11 USD Million	1996-2025	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 recorded a trade surplus of $10.5 billion in February of 2025, widening from the $8.9 billion surplus in the corresponding period of the previous year amid an aggressive contraction in Russian trade flows. Exports out of Russia contracted by 2.8% from the previous year to $30.9 billion as a slowdown in commodity imports from China and the higher magnitude of sanctions from G7 economies pressed Russia's foreign sales. In turn, imports sank by 10.2% to $20.4 billion, the lowest since the immediate aftermath of Russia's invasion of Ukraine in Q2 2022, as the weakening domestic economy limited demand for goods.