Page 51 - RusRPTMar21

5.0 External Sector & Trade 5.1 External sector overview
Russia’s trade balance surplus in January dropped from last January's $13.4bn to $9.4bn, which mostly owed to a lower oil price (Brent averaged $55.0/bbl versus $63.8/bbl last January). Capital outflow from the private sector came in at $8bn, which is below last January's $9.1bn. International reserves, meanwhile, rose by $3bn. The current account surplus was $6.8bn, down from $10.6bn a year earlier.
Last year, Russian exports of goods were about $330bn and imports of goods about $240bn. The EU-27 accounted for about a third of Russia's exports and imports of goods. China accounted for 15% of exports and 24% of imports. The countries of the Eurasian Economic Union accounted for about 10% of both exports and imports.
51 RUSSIA Country Report March 2021 www.intellinews.com