Russia’s balance of foreign trade grows to $114.9 bln in 9M 2024

Business & Economy November 11, 17:22

The trade turnover of Russia lost 1.75% to $521.5 bln in January-September 2024

MOSCOW, November 11. /TASS/. The foreign trade surplus of Russia increased by 11.55% annually to $114.9 bln in January - September 2024, the Federal Customs Service said.

Russian exports during the reporting period surged by $1.3 bln to $318.2 bln, while imports dropped by $10.6 bln to $203.3 bln. The trade turnover of Russia lost 1.75% to $521.5 bln in January - September 2024.

Exports to European countries decreased to $50.1 bln, down 24.32%. Imports lost 8.8% to $54.2 bln.

Exports to Asian countries gained 6.4% to $240.3 bln. Imports from Asia lost 3.1% to $135.6 bln.

At the same time, in terms of trade with African countries exports increased by 18% to $18.4 bln. Imports dropped by 3.9% to $2.5 bln. Russian exports to the countries of North and South America decreased by 1.1% to $9.2, while imports lost 7.9% to $10.5 bln.

Mineral products account for the greatest share in the structure of Russian exports - $197.7 bln. Metal sand metal products are second largest, with their exports dropped by 6.24% to $45.1 bln. Agricultural products rank third with the figure of $31 bln (-4%).

Machinery, equipment and motor vehicles topped the import list. This indicator lost 3.8% in nine months of this year to $104.1 bln. They are followed by chemicals (down 7.8% to $38.8 bln) and agricultural products (+3% to $27.2 bln).

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