Fédération de Russie Balance Commerciale

Russia’s trade surplus narrowed to $9.1 billion in October of 2024 from $9.6 billion in the corresponding period of the previous year. Imports surged by 17.4% from the previous year to $27.5 billion, the sharpest pace of growth since July of 2023. In turn, exports edged higher by 6.5% annually to $36.6 billion, refraining from picking up the same pace of imports. This was due to the decline in foreign demand for key energy commodities that make up a large portion of Russian exports as Western countries consolidate sanction, and a slowing Chinese economy purchases less energy and metals.