Russian Federation

In 2013, the value of merchandise exports of the Russian Federation increased slightly by 0.5 percent to reach 527.3 bln US$, while its merchandise imports decreased slightly by 0.4 percent to reach 314.9 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a surplus of 212.3 bln US$ (see graph 1), which was its largest ever. The largest merchandise trade balance was with MDG Developed Europe at 109.4 bln US$ (see graph 4). Merchandise exports in the Russian Federation were diversified amongst partners; imports were also diversified. The top 21 partners accounted for 80 percent or more of exports and 21 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of the Russian Federation increased moderately by 7.0 percent, reaching 59.1 bln US$, while its imports of services increased substantially by 18.9 percent and reached 107.1 bln US$ (see graph 2). There was a trade in services deficit of 48.0 bln US$.

Related Subject(s): International Trade and Finance

Countries: Russian Federation