Russia: Trade balance, percent of GDP

(measure: percent; Source: The World Bank)
* indicates monthly or quarterly data series

Russia: Trade balance as percent of GDP

: For that indicator, we provide data for Russia from 1989 to 2019. The average value for Russia during that period was 8.09 percent with a minimum of 0.22 percent in 1990 and a maximum of 20.03 percent in 2000. The latest value from 2019 is 7.55 percent. For comparison, the world average in 2019 based on 143 countries is -3.74 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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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).
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