Russia recorded a trade surplus of $13.2 billion in July 2025, up from $10.2 billion in the same period of the previous year, marking the first widening of the trade balance since February.
Exports rose by 6.7% year-on-year to $38.0 billion, the highest since March of last year, driven by higher crude oil exports. Meanwhile, imports fell by 2.5% to $24.9 billion. (Source: Central Bank of Russia)
Russia also recorded a trade surplus of 13,170 USD Million in July 2025. On average, Russia’s trade balance stood at 10,284.76 USD Million from 1996 until 2025, reaching an all-time high of 37,463 USD Million in March 2022 and a record low of -203 USD Million in February 1998.
According to global macro models and analysts’ expectations, Russia’s trade balance is projected to be around 11,800 USD Million by the end of this quarter. In the long term, it is expected to trend around 9,500 USD Million in 2026 and 8,900 USD Million in 2027, based on econometric models.
