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Russia trade surplus narrows to 7-year low

Staff 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.
Russia food market
Russian economy   Imports went down 6.5 percent
It was the lowest reading since April 2009, as exports fell 28.8 percent while 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.