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  Monday, May 23, 2022
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Import is up by 30% in Russia
The Russian trade surplus, calculated using the balance of payments method, amounted to $54.401 billion in January-November, up 30% from $41.804 billion in the same period in 2002. Exports in the first 11 months of 2003 amounted to $121.461 billion, up 26% from $96.265 billion a year earlier. Imports in the same period amounted to $67.061 billion, up 23% from $54.460 billion in January-November 2002. The trade surplus in November amounted to $5.113 billion, down 8.2% from October. Exports in November amounted to $11.781 billion, down 6.8% month-on-month, with imports down 5.7% to $6.605 billion. According to preliminary estimates from the Russian Central Bank, published this week, the Russian trade surplus in 2003 will amount to $59.6 million, which is almost 29% more than $46.3 billion in 2002. At the same time, this is only 1% below the record Russian trade surplus, noted in 2000, which amounted to $60.172 billion. For comparison, the trade surplus in January-November 2000 amounted to $54.962 billion. According to Central Bank forecasts, exports in 2003 will reach a record $134.4 billion, which is almost 25% more than $107.3 billion in 2002. Imports increased a little less - 23%n from $61 billion in 2002 to $74.8 billion in 2003. <>
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