The Surplus of Foreign Trade Balance of RF in January - February Fell to $ 24.9 Billion
The export of goods in the reporting period amounted to $ 59.2 billion and in annual terms decreased by 12.7%. Import volume grew by 1.9%, reaching $ 34.3 billion. Thus, the foreign trade turnover of the Russian Federation decreased by 7.9%, to $ 93.5 billion.
The basis of Russian exports in January - February 2020 was traditionally fuel and energy products, the share of which in the commodity structure of exports amounted to 63.4% (for two months of 2019 - 67%). In the commodity structure of imports, the largest share accounted for machinery and equipment - 45.3% (a year earlier - 43.3%).
The European Union occupies a leading position in the country structure of Russia's foreign trade, in January - February 2020 it accounted for 41.3% of Russian goods turnover (43.8% in January - February 2019), and 33.5% for APEC countries (30.9%), to the CIS countries - 11.3% (11.4%), to the EAEU countries - 8.2% (8%).