19 Jan 2015 12:14

Russia's trade surplus grows 2% to $185.6 bln in 2014 - CBR

MOSCOW. Jan 19 (Interfax) - Russia's foreign trade surplus grew by 2% to $185.6 billion in 2014 from $181.9 billion in 2013, balance of payments estimates published on the Central Bank of Russia's (CBR) website show.

Exports slumped 5.6% to $493.6 billion in 2014 from $523.3 billion in the previous year, the CBR's preliminary estimate shows. Imports fell 9.7% to $308 billion from $341.3 billion in 2013.

The foreign trade turnover shrank to $801.6 billion in 2014 from a record $865.9 billion in 2013.

Exports fell 10.6% to an estimated $112.4 billion in the fourth quarter of 2014 from $125.8 billion in the third quarter.

Imports in the fourth quarter were down by 6.8% to $74.9 billion from $80.4 billion in the previous quarter.