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Russia’s trade balance surplus down almost twofold in Jan-May — customs service

July 08, 2016, 12:49 UTC+3

Russia’s external turnover plunged by 24.1% to $170.8 bln

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MOSCOW, July 8. /TASS/. Russia’s trade balance surplus decreased by 1.93 times in January-May period of 2016 year-on-year to $41.5 bln, the Federal Customs Service reported Friday.

Russia’s external turnover plunged by 24.1% in the reporting period to $170.8 bln.

Russia’s exports amounted to $106.2 bln in the first five months of 2016, a 30.5% decrease year-on-year, with fuel and energy commodities accounting for 61.6% of the country’s export commodity structure (down from 68.2% in Jan-May 2015).

Russia’s imports totaled $64.6 bln in the reporting period, a 10.6% decrease year-on-year.

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