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decline in the imports of goods in January—November 2022
compared to the previous year indicator;
● · a sharp reduction in the imports of goods in second
quarter 2022 was replaced by their gradual recovery in the
following months of the current year;
● · growth in total deficit in primary and secondary income
was mainly related to the decrease in personal transfers from abroad as well as the decline in investment income received by the private sector from investments abroad;
● · the financial account surplus of the balance of payments was formed by both the reduction in liabilities to non-residents and the growth in foreign financial assets.
Aggregates
Current account
Balance on goods and services
QI QII 2022 2022
69.8 76.7 79.3 90.3
QIII 2022 (estimate)
51.2 68.2
Billions of US dollars
Jan—Nov 2022 (estimate)
225.7 269.8
Jan—Nov 2021
108.6 145.5
Balance on primary -9.5 -13.6 -17.1 -44.2 -36.9 and secondary income
63 RUSSIA Country Report January 2023
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