Russian trade surplus shrinks 20% to $6.5 bln in July

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Russian trade surplus shrinks 20% to $6.5 bln in July - Central Bank

MOSCOW. Sept 9 (Interfax) - Russia's trade surplus, calculated by the balance of payments method, plummeted 20% to $6.49 billion in July 2016, from $8.114 in June, the Central Bank said.

Exports declined 6.6% to $22.525 billion (from $24.110 billion in June), while imports inched up 0.2% to $16.035 billion ($15.996 billion).

The trade surplus in January-July plunged 48.7% to $51.249 billion, down from $99.852 billion in 7M 2015.

Exports in January-July fell 27.8% to $150.894 billion (from $208.906 billion in the same period last year) and imports declined 8.6% to $99.645 billion ($109.054 billion).