Russian foreign trade turnover increased in the first quarter by 31,6%
Russia had a trade surplus in the first three months of the current year and it reached $38,3 billion. This is $12,6 billion more, than the year before, according to Federal Customs Service of Russia.
Russian export values were at $83,8 billion in the first quarter of 2017, which is a 35,2% increase compared to the first quarter of 2016. The import to Russia in the reporting period amounts to $45,5 billion, which exceeds the respective value of 2016 by 25%.
The EU remains Russian priority partner, as its share of the Russian trade turnover was 45,3% (January-March 2016 same value amounted to 43,1%). CIS countries share makes up 11,8% of the turnover (same as in the previous year), EAEU – 8,5% (8,4%) and APEC – 29,7% (30%).
Other important trade partners for Russia in the first quarter of 2017 were China, whose turnover with Russia amounted to $18,4 billion (36,8% growth), Germany with $11,6 billion (33,3% growth), the Netherlands – $10,4 (45% growth) and Italy with $5,1 billion (26% growth).