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2007 November 9   13:50

Russia reports drop in foreign trade

Russia's trade surplus stood at $106bn in January-September 2007, down $22.7bn, or 17.6 percent, compared to the same period a year earlier, the press office of the Russian Federal Customs Service reported Friday according to RBC. Foreign trade surplus amounted to $90.5bn with countries outside the CIS (down from $113bn in January-September 2006) and $15.5bn with the CIS (down $15.7bn).

Russia's trade amounted to $379.6bn in the first nine months of 2007, up 20.3 percent from the same period in 2006. Trade with CIS countries stood at $58.3bn (up 24.2 percent), and trade with other countries outside the CIS totaled $321.3bn (up 19.6 percent).

Russia's exports increased 9.3 percent to $242.8bn, with non-CIS importers posting a 7.9 percent growth up to $205.9bn and the CIS seeing an increase of 17.9 percent to $36.9bn between January and September. Russian imports amounted to at $136.8bn, up 46.5 percent from the same period a year earlier, with countries outside the CIS showing a 498.4 percent rise to $115.4bn, and the CIS registering a 37 percent increase to $21.4bn.

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