Russia has significantly reduced the trade surplus

the Positive balance of foreign trade of Russia fell in January—April 2020 35.6% yoy to $42.9 billion, the Federal customs service (FCS) of the Russian Federation.

according to the Agency, Russia’s exports amounted in the reporting period of $113.9 billion and decreased by 19.8%. Russia’s imports dropped 4 last month decreased by 5.9% to $71 billion.

the foreign trade turnover of Russia in January—April this year amounted to $184,9 billion, which is 15% less than in the same period last year.

In this case, the FCS States that in the structure of exports the share of fuel and energy goods in the first 4 months of the year to 58% (previous year 65.8 per cent). In annual terms, the value of energy products decreased by 29.3%, and physical — by 9.0%.

we will Add that in the first five trade partners of Russia among the CIS countries in the reporting period were: China, trade with which totaled $31.8 billion (a decrease of 6,7% compared to January-April 2019), Germany — $13.4 billion (down 27%), Netherlands — $10.9 billion (minus 38.4 per cent), USA — $8.8 billion (an increase of 5.5%) and Turkey — $7.2 billion (a decline of 11.4%).

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