Fédération de Russie Balance Commerciale

Russia recorded a trade surplus of $6 billion in November of 2024, narrowing sharply from the $9.6 billion surplus in the corresponding period of the previous year to mark the lowest trade balance since August 2019. Exports contracted by 5.5% annually to $32 billion in the month, pressured by slowing demand for energy from China, which has been the main target for heavyweight commodity exports for Russia since Western sanctions from 2022. Conversely, imports jumped by 6.9% annually to $25.9 billion, as poor supply chains domestically due to sanctions and a labor force crisis increased Russia’s dependability on foreign goods.