Russia’s foreign trade surplus down 19.4% in 5 months
Minerals, mineral products make up largest exports, while machinery, equipment, vehicles account for most imports in January-May, data shows
Russian central bank
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.
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