OREANDA-NEWS. November 28, 2007. In Jan-Oct, foreign trade surplus shrunk by 13.3% y/y to USD 104.2bn. Exports grew by 11.9% y/y to USD 278.4bn compared to 26.4% upturn during the respective period last year. The decline in export growth rate can be attributed to lesser exports of some products as well as to lower prices for fuel and energy products. 84.8% of the exports went to CIS countries, compared to 85.7% in Jan-Oct 2006. At the same time imports increased by 35.4% y/y to USD 174.4bn. CIS countries accounted for 15% of imports, while Non-CIS countries provided for 85% of the total imports. In total in 2007 foreign trade surplus expected at USD 129-130bn. As we reported previously, foreign trade surplus shrank by 0.2% y/y in Sep 2007. Exports made up USD 29.9bn in September declining from USD 30.9bn in August. Imports decreased to USD 19.75bn in September down from USD 19.88bn in Aug. In Jan-Sep, trade surplus went down 17.6% y/y to USD 106bn.