11.03.2020, 10:37
Russian Trade Balance Surplus in January Decreased by 18%
Source: OREANDA-NEWS
OREANDA-NEWS. The positive balance of Russia's foreign trade in January 2020 amounted to $ 13.7 billion, which is 18% (or $ 3 billion) less than the same indicator for 2019. This is stated in the materials of the Federal Customs Service (FCS) of the Russian Federation.
Exports of goods in the reporting month amounted to $ 29.9 billion and in annual terms decreased by 7.9%. Import volume grew by 2.8%, reaching $ 16.2 billion. Thus, the foreign trade turnover of the Russian Federation decreased by 4.4%, to $ 46.2 billion.
The basis of Russian exports in January of this year has traditionally been fuel and energy products, the share of which in the commodity structure of exports was 65.1% (68.5% in January 2019). In the commodity structure of imports, the largest share accounted for machinery and equipment - 44.9% (for the same month a year earlier - 43.9%).
According to the FCS, Russia's income from export of petroleum products in January 2020 decreased by 8.7% compared to the same period in 2019, to $ 5.3 billion.
Exports of goods in the reporting month amounted to $ 29.9 billion and in annual terms decreased by 7.9%. Import volume grew by 2.8%, reaching $ 16.2 billion. Thus, the foreign trade turnover of the Russian Federation decreased by 4.4%, to $ 46.2 billion.
The basis of Russian exports in January of this year has traditionally been fuel and energy products, the share of which in the commodity structure of exports was 65.1% (68.5% in January 2019). In the commodity structure of imports, the largest share accounted for machinery and equipment - 44.9% (for the same month a year earlier - 43.9%).
According to the FCS, Russia's income from export of petroleum products in January 2020 decreased by 8.7% compared to the same period in 2019, to $ 5.3 billion.
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