Russia's trade surplus shrank 16.1% in 2019, to $163.1 bln

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Russia's trade surplus shrank 16.1% in 2019, to $163.1 bln - CBR estimate

MOSCOW. Jan 17 (Interfax) - Russia's foreign trade surplus shrank 16.1% in 2019, to $163.1 billion, from $194.4 billion in 2018, according to a Central Bank of Russia (CBR) estimate.

Exports totaled $417.9 billion, down 5.7% compared to 2018 ($443.1 billion).

Imports were up 2.5% to $254.8 billion in 2019, compared with $248.7 billion in 2018.

According to the base scenario of the CBR's forecast, revised in December (with an oil price of $64/barrel), the Russian foreign trade surplus in 2019 is expected at $164 billion with exports of $414 billion and imports of $250 billion.