Page 49 - RusRPTDec22

5.0 External Sector & Trade 5.1 External sector overview
5.2 Balance of payments, current account
Russia’s foreign trade surplus more than doubled on the year to $257.1bn in January–October thanks to high prices for key exports and a decrease of the cost of imports, the central bank said on November 10.
Russia imports from non-aligned countries continue to recover, while those to the West remain in negative territory.
BOFIT reports that Asian exports to Russia have been stabilising in recent months. Some at much lower levels, but China is now Russia’s biggest trade partner with $144bn turnover, up 21% y/y – roughly at pre-war levels.
49 RUSSIA Country Report December 2022 www.intellinews.com