Page 58 - RusRPTDec23

Aggregates
Current account Trade balance Balance on services
QI 2023
14.7 30.2 -7.3
QII 2023
9.6 27.4 -8.5
QIII October 2023 2023
(estimat (estimate e) )
18.3 11.2 32.0 14.3 -9.1 -2.2
January — October 2023 (estimate )
53.8 104.0 -27.1
Billions of US dollars
For reference: October 2022
12.9 18.9 -3.3
For referenc e: January — October 2022
208.8 271.6 -17.4
Balance on primary and -8.2 -9.3 -4.6 -0.9 -23.0 -2.8 -45.4 secondary income
5.2.3 Capital flight dynamics
The current account surplus of the balance of payments of the Russian Federation in January — June 2023 amounted to $24.3bn against $148.1bn in January — June 2022.
The decisive role in the dynamics of the indicator was played by the deterioration in price conditions for the main goods of Russian exports.
The external debt of the Russian Federation decreased since the end of 2022 by $40.3bn and totaled $343.3bn as of June 30, 2023.
The net international investment position of the Russian Federation in the 1st half of 2023 grew from $761.4bn to $816.6bn.
Key aggregates in detail:
— reduction of the surplus in the balance of goods to $57.6bn in January — June 2023 from $179.9bn in the corresponding period of 2022 was a result of both the decrease in the value of exports mainly due to a drop in world prices for the main goods of Russian exports as well as an increase of imports to $150.9bn;
— deficit in the balance of services expanded to $15.8bn including due to the revival of the tourist flow from Russia abroad, reflected in “Travel”, and a
58 RUSSIA Country Report December 2023 www.intellinews.com