Russia’s foreign trade surplus up to $31.1 bln in Q1 — Central Bank
Meanwhile, current account surplus rose to $22 bln in Q1 2024 from $15.4 bln in Q1 2023.
Russia’s foreign trade surplus added 2.3% in Q1 2024 to $31.1 bln from $30.4 bln in the previous year, according to preliminary estimate published by the Bank of Russia.
In March 2024, Russia’s foreign trade surplus increased by $3.8 bln year-on-year to $16.7 bln. This occurred with higher decrease in export than import, the regulator said.
Meanwhile, current account surplus rose to $22 bln in Q1 2024 from $15.4 bln in Q1 2023. In March 2024, current accounts surplus amounted to $13.4, up from $5.2 bln in February 2024 due to a substantial increase in export of goods and a decline in aggregate negative contribution of primary and secondary income, the Bank of Russia said.
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Russia’s foreign trade surplus added 2.3% in Q1 2024 to $31.1 bln from $30.4 bln in the previous year, according to preliminary estimate published by the Bank of Russia.
In March 2024, Russia’s foreign trade surplus increased by $3.8 bln year-on-year to $16.7 bln. This occurred with higher decrease in export than import, the regulator said.
Meanwhile, current account surplus rose to $22 bln in Q1 2024 from $15.4 bln in Q1 2023. In March 2024, current accounts surplus amounted to $13.4, up from $5.2 bln in February 2024 due to a substantial increase in export of goods and a decline in aggregate negative contribution of primary and secondary income, the Bank of Russia said.
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