Russia trade surplus below expectations in OctoberStaff Writer | December 13, 2016
Russia's trade surplus decreased to $6.6 billion in October 2016, from a $10 billion surplus a year earlier.
Russian economy Exports fell 22 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. ■