Russia: Trade balance, percent of GDP
* indicates monthly or quarterly data series
| Russia |
Trade balance as percent of GDP |
|---|---|
| Latest value | 12.6 |
| Year | 2022 |
| Measure | percent |
| Data availability | 1989 - 2022 |
| Average | 8.17 |
| Min - Max | 0.22 - 20.03 |
| Source | The World Bank |
For that indicator, we provide data for Russia from 1989 to 2022. The average value for Russia during that period was 8.17 percent with a minimum of 0.22 percent in 1990 and a maximum of 20.03 percent in 2000.
The latest value from 2022 is 12.6 percent. For comparison, the world average in 2022 based on 133
countries is -4.84 percent.
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* indicates monthly or quarterly data series
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The trade balance for Russia and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
| Related indicators | Latest value | Reference | Measure |
|---|---|---|---|
| Terms of trade | 123.48 | 2020 | percent |
| Trade openness | 43.77 | 2022 | percent |
| Exports, percent of GDP | 28.19 | 2022 | percent |
| Exports, billion dollars | 631.55 | 2022 | billion U.S. dollars |
| Growth of exports | -13.89 | 2022 | percent |
| Imports, percent of GDP | 15.59 | 2022 | percent |
| Imports, billion dollars | 349.17 | 2022 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | -1.93 | 2022 | percent |
| Foreign Direct Investment, billion dollars | -43.13 | 2022 | billion U.S. dollars |
| Portfolio investment inflows, equities | -18,591.26 | 2022 | million dollars (current) |
| Current account, percent of GDP | 10.52 | 2022 | percent |
| Current account, in dollars | 233.02 | 2022 | billion U.S. dollars |
| Trade balance, percent of GDP | 12.60 | 2022 | percent |
| Trade balance, in dollars | 285.78 | 2022 | billion U.S. dollars |
| Reserves | 581.71 | 2022 | billion U.S. dollars |
| Remittances, percent of GDP | 0.15 | 2022 | percent |
| Remittances | 5,780.01 | 2021 | million U.S. dollars |
| Net errors and omissions | -1,634.30 | 2022 | million USD |
| External debt | 27.79 | 2021 | percent |
| Short-term external debt | 17.91 | 2021 | percent |
| Short-term debt to reserves | 13.64 | 2021 | percent |
| Foreign exchange reserves | 569.02 | 9/2023 | billion |