Russia’s foreign trade surplus down 19.4% in 5 months

MOSCOW

Russia’s foreign trade surplus fell 19.3% in the first five months of the year, totaling $52.6 billion, according to the Russian Federal Customs Service.

Russian exports in January-May declined 6.2% versus the same period last year, reaching $162.1 billion, while imports climbed 2.1% to $109.5 billion.

Russian exports to European countries fell 11.3% over the same period, totaling $24.1 billion, while imports from Europe declined 2.8% to $27.9 billion.

Russian exports to Asia saw a downturn of 5.2% in the first five months of the year, reaching $123.3 billion — imports from the region into Russia rose 2.6% to $73.4 billion.

Minerals and mineral products were the largest exports from Russia to the world, accounting for $91.1 billion, while the main imports into the country were machinery, equipment, and vehicles, totaling $53 billion, the data showed.

In 2024, Russia’s foreign trade surplus increased 0.82% versus 2023, reaching $122.6 billion.

• balance of trade
• Exports
• Foreign trade
• Imports
• Russia