Russia balance of trade

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Russia balance of trade: 9095 (-27.99%)
Last Update: October 31, 2024

Russia balance of trade closed down 9095 as of October 31, 2024 from 12630 from the previous month and 10793 from last year.


Russia balance of trade Analytics & Data




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Russia balance of trade

Date Values
2024-10-31 9095
2024-09-30 12630
2024-08-31 9663
2024-07-31 10056
2024-06-30 11619
2024-05-31 12143
2024-04-30 12069
2024-03-31 18580
2024-02-29 8201
2024-01-31 7357
2023-12-31 10788
2023-11-30 9402
2023-10-31 10793
2023-09-30 15444
2023-08-31 11691
2023-07-31 6170
2023-06-30 9013
2023-05-31 10418
2023-04-30 6773
2023-03-31 13012
2023-02-28 8150
2023-01-31 9535
2022-12-31 25106
2022-11-30 18523

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Russia balance of trade Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
balance of trade ru.balanceoftrade 9095.0 12630 -28 -16 Down Down 50 2024-10-31

Russia balance of trade Quantitative Analysis, Charts & Factors

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Russia balance of trade Historical Data

The MacroVar database offers free access to historical data for the Russia balance of trade, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Russia balance of trade data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Russia balance of trade

The balance of trade in Russia refers to the difference between the value of the country's exports and imports. A positive balance of trade occurs when a country exports more goods and services than it imports, resulting in a surplus. On the other hand, a negative balance of trade occurs when a country imports more than it exports, resulting in a deficit. Russia has traditionally had a positive balance of trade due to its exports of natural resources such as oil, natural gas, and minerals. However, the country also imports a significant amount of machinery, equipment, and consumer goods, leading to a trade deficit in non-commodity goods. Overall, the balance of trade in Russia plays a crucial role in determining the country's economic health and its ability to maintain stability in international trade relations.

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