Russia Trade Balance

by Eduardo Petazze
In April 2014 imports of goods fell by 8.7% Y/Y and exports grew by 6.7% Y/Y
In the 1Q2014 balance of trade grew by 6.2%
The Bank of Russia monthly release the balance of trade of Russian Federation

Summary, including a projection

(USD million)
2008
2009
2010
2011
2012
2013
2014
2015
Own estimate
(USD million)
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2014Q4
Last data
Own estimate

Exports
466,299
297,155
392,674
515,408
527,433
523,293
532,108
548,523

Merchandise Trade (BoP) NSA

Y/Y
Imports
Y/Y
Balance
34.6% 288,672 29.4% 177,627
-36.3% 183,923 -36.3% 113,232
32.1% 245,679 33.6% 146,995
31.3% 318,555 29.7% 196,853
2.3% 335,770
5.4% 191,663
-0.8% 342,980
2.1% 180,313
1.7% 321,068 -6.4% 211,039
3.1% 305,374 -4.9% 243,149

Exports
131,032
131,186
125,204
140,011
125,151
127,291
131,051
139,800
122,864
135,915
133,510
139,818

Merchandise Trade (BoP) NSA

Y/Y
Imports
Y/Y
Balance
17.3% 72,242 11.7% 58,790
-1.7% 81,906 -0.5% 49,280
-2.4% 87,023
4.7% 38,181
-1.3% 94,599
7.0% 45,412
-4.5% 77,139
6.8% 48,012
-3.0% 85,016
3.8% 42,275
4.7% 88,238
1.4% 42,813
-0.2% 92,587 -2.1% 47,213
-1.8% 71,859 -6.8% 51,005
6.8% 80,806 -5.0% 55,109
1.9% 82,974 -6.0% 50,536
0.0% 85,429 -7.7% 54,389

Merchandise Trade (BoP) NSA

Exports
Y/Y
Imports
Y/Y
Balance
Jan-13
38,837 -1.7% 21,740 13.6% 17,097
Feb-13
41,855 -6.7% 26,597
7.7% 15,258
Mar-13
44,459 -4.7% 28,802
1.4% 15,657
Apr-13
44,475 -1.0% 30,238 13.0% 14,237
May-13
40,980 -9.9% 26,588 -5.6% 14,392
Jun-13
41,836
2.5% 28,190
4.5% 13,646
Jul-13
43,713
6.2% 30,550
2.9% 13,163
Aug-13
42,529
3.4% 28,725 -4.1% 13,804
Sep-13
44,809
4.4% 28,963
5.8% 15,846
Oct-13
43,473 -6.6% 30,536 -5.0% 12,937
Nov-13
46,878
3.6% 29,663 -3.0% 17,215
Dec-13
49,449
2.6% 32,388
1.7% 17,061
Jan-14
39,460
1.6% 20,605 -5.2% 18,855
Feb-14
36,534 -12.7% 24,105 -9.4% 12,429
Mar-14
46,870
5.4% 27,149 -5.7% 19,721
Apr-14
47,453
6.7% 27,617 -8.7% 19,836
May-14
44,620
8.9% 26,435 -0.6% 18,185
Jun-14
43,842
4.8% 26,754 -5.1% 17,088
Jul-14
44,415
1.6% 27,988 -8.4% 16,427
Aug-14
44,040
3.6% 27,535 -4.1% 16,505
Sep-14
45,056
0.6% 27,452 -5.2% 17,604
Last data SA data is our own estimate
Own estimate
(USD million)

Y/Y
43.9%
-36.3%
29.8%
33.9%
-2.6%
-5.9%
17.0%
15.2%

SA (own estimate)
Exports
Y/Y
Imports
Y/Y
466,299 34.6% 288,672 29.4%
297,155 -36.3% 183,923 -36.3%
392,674 32.1% 245,679 33.6%
515,408 31.3% 318,555 29.7%
527,433
2.3% 335,770
5.4%
523,293 -0.8% 342,980
2.1%
532,108
1.7% 321,068 -6.4%
548,523
3.1% 305,374 -4.9%

Y/Y
25.1%
-3.7%
-15.5%
-15.1%
-18.3%
-14.2%
12.1%
4.0%
6.2%
30.4%
18.0%
15.2%

SA (own estimate)
Exports Q/Q Imports
137,157
1.1% 82,482
129,918 -5.3% 81,527
128,136 -1.4% 84,685
132,222
3.2% 87,075
130,168 -1.6% 87,689
127,435 -2.1% 85,954
133,349
4.6% 85,219
132,340 -0.8% 84,118
130,287 -1.6% 82,057
135,739
4.2% 81,340
133,176 -1.9% 79,838
132,906 -0.2% 77,833

Y/Y
-16.0%
-24.4%
-14.2%
-21.5%
-16.9%
-1.3%
14.9%
23.7%
1.8%
-10.1%
17.3%
4.4%
10.3%
-18.5%
26.0%
39.3%
26.4%
25.2%
24.8%
19.6%
11.1%

SA (own estimate)
Exports M/M Imports M/M
43,260 -0.3% 29,549
3.1%
44,596
3.1% 29,553
0.0%
42,313 -5.1% 28,587 -3.3%
42,731
1.0% 29,896
4.6%
41,139 -3.7% 27,358 -8.5%
43,565
5.9% 28,700
4.9%
44,623
2.4% 28,848
0.5%
44,044 -1.3% 27,696 -4.0%
44,683
1.5% 28,676
3.5%
42,707 -4.4% 27,848 -2.9%
44,804
4.9% 27,758 -0.3%
44,830
0.1% 28,512
2.7%
44,757 -0.2% 27,966 -1.9%
40,435 -9.7% 26,963 -3.6%
45,095 11.5% 27,128
0.6%
45,608
1.1% 26,942 -0.7%
45,288 -0.7% 27,476
2.0%
44,842 -1.0% 26,923 -2.0%
44,332 -1.1% 26,510 -1.5%
44,471
0.3% 26,655
0.5%
44,373 -0.2% 26,673
0.1%

Also see:
Consolidated Balance of Payments , 2009-2013 pdf, 1 page
Main Commodities' Export Seasonally Adjusted (Charts)
Main Commodities Exports of the Russian Federation Seasonally Adjusted
Main Components of the Current Account of the Balance of Payments, SA (Charts)
Russian Federation: Crude Oil Exports, 2000-2013
Russian Federation: Oil Products Exports, 2000-2013
Russian Federation: Natural Gas Exports, 2000-2013
Russian Federation: Liquefied Natural Gas Exports, 2009-2013
External Trade in Services
Balance of Payments of the Russian Federation for 2013 (estimate)

Q/Q
2.3%
-1.2%
3.9%
2.8%
0.7%
-2.0%
-0.9%
-1.3%
-2.5%
-0.9%
-1.8%
-2.5%