Russia generated trading surplus of $61.72 billion in the first half of this year, CBR reported.
Photo: Ivan Makeev
|
 |
Russia Posted H1 Sales Balance of $61.72bln
Russia generated trading surplus of $61.72 billion in the first half of this year, 16.59 percent down on year, the Central Bank of Russia (CBR) reported.
The Jan.-June exports of Russia surged 9.2 percent on year to $157.24 billion, while the imports stepped up 36.83 percent to $95.52 billion. So, the foreign turnover amounted to $252.76 billion, according to the CBR.
But Russia’s Economic Development and Trade Ministry reported a bit different figures not long ago. According to the ministry, the H1 exports stood at $160.5 billion, having stepped up 11.6 percent on year. The growth was 31.1 percent in the first half of 2006. The ministry blamed some slowdown on lower prices for crude oil exports and some decline in exported quantity of vital goods.
Under the ministry’s calculation, H1 imports of Russia amounted to $96.7 billion, 38.5 percent up on year (vs. the acceleration of 26.6 percent generated from January to June of 2006). The growth in rates, the ministry explained, could be attributed to more aggressive demand of the population coupled with improved investment activity.
www.kommersant.com
|
|
|
