Page 57 - RusRPTMar21

5.2.1 Import/export dynamics
In the last quarter of 2020 Russia’s trade with its most important partners was slowing considerably. Trade with China in particular stalled. However, as the new year started, while the trade with most EU countries remained depressed the trade with China bounced back with strong exports from Russia to China handing Russia a healthy $19bn surplus after deficits in October and November.
All in all Russia continues to run a surplus of around $48bn in January,
down from $56bn a year earlier and the trade in goods also remains in surplus of $7.7bn, also down, but by considerably more than the general surplus in proportional terms, from $13.7bn in January 2020.
57 RUSSIA Country Report March 2021 www.intellinews.com