Russia’s Foreign Trade Turnover Reaches $505.5 Billion!

According to data released by the Russian Federal Customs Service (FTS), Russia’s foreign trade turnover reached $505.5 billion in January–August, an increase of 13.75% compared with the same period last year.

During the reporting period, Russia’s exports increased by $37.8 billion to $304.2 billion, while imports rose by $23.3 billion to $201.3 billion. As a result, the country’s foreign trade surplus grew by 16.4% to $102.9 billion, compared with $88.4 billion in the same period last year.

Russia’s main export category was minerals and mineral products, with exports reaching $170.6 billion. Machinery, equipment and vehicles dominated imports, totaling $97.7 billion.

By region, Asian countries accounted for the largest share of Russia’s foreign trade. Trade turnover with these countries reached $381.8 billion, representing 75.5% of the total. European countries accounted for 17.5%, with trade turnover amounting to $88.4 billion.

Trade with North and South American countries totaled $18 billion, while trade with African countries reached $17.2 billion. These regions accounted for 3.6% and 3.4% of Russia’s total foreign trade, respectively.

Amid sanctions imposed by Western countries, Asian countries continue to increase their share of Russia’s foreign trade.