Russia trade surplus narrows to 7-year lowStaff writer ▼ | June 13, 2016
Russia's trade surplus decreased sharply to $6.8 billion in April 2016, from a $14.5 billion surplus a year earlier.
Russian economy Imports went down 6.5 percent
Exports fell 28.8 percent to $21.86 billion from $30.70 billion a year earlier while imports decreased at a slower 6.5 percent to $15.11 billion from $16.16 billion, central bank data showed.
The trade surplus with non-CIS countries declined by 55.2 percent year-on-year to $5.41 billion and trade surplus with CIS countries fell by 45.2 percent to $1.34 billion.
Considering the first four months of the year, the trade surplus shrank 51.5 percent to $29.11 billion from $60.06 billion in the same period of 2015. Exports fell 32.1 percent while imports contracted 12.9 percent. ■