Translation. Region: Russian Federation –
Source: Central Bank of Russia
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In the third quarter of 2025, the positive trade balance was higher than the previous year, due to the fact that imports of goods decreased more than their exports.
The value of exported goods remained below last year's level due to lower global prices for oil, coal and grain, restrictions on oil production, and a reduction in gas transit.
Imports of goods in value terms decreased compared to the third quarter of 2024 due to an increase in recycling fees, import substitution, and a decline in domestic demand.
At the same time, the services balance deficit widened due to faster growth in service imports than in service exports. This was primarily due to increased spending by Russians on international travel.
As a result of the simultaneous widening of the trade surplus and the services deficit, the current account surplus remained close to the level of the same quarter in 2024.
Read more in the quarterly issue Balance of Payments of the Russian Federation.
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.