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Russia trade surplus below expectations in October

Staff Writer | December 13, 2016
Russia's trade surplus decreased to $6.6 billion in October 2016, from a $10 billion surplus a year earlier.
Russia trade surplus
Russian economy   Exports fell 22 percent
Exports dropped 7.6 percent, while imports rose for the third consecutive month by 8.2 percent.

Considering the first ten months of the year, the trade surplus shrank 45.7 percent to $69.7 billion, as exports fell 22 percent and imports declined at a slower 2.7 percent.

Exports shrank 7.6 percent year-on-year to $24.9 billion. Sales fell for the 29th straight month.

Imports went up 8.2 percent to $18.3 billion, for the third consecutive month, central bank data showed.

The trade surplus with non-CIS countries declined 48.7 percent to $4.8 billion while with CIS countries fell at a slower 31.2 percent to $1.8 billion.