Russian Trade Surplus Almost Doubles To $154.6Bln In January-October - Central Bank

Mohammad Ali (@ChaudhryMAli88) Published November 12, 2018 | 11:06 PM

Russia's trade surplus was up 1.7 times to $154.6 billion in the first 10 months of this year from 90.5 billion a year ago, its central bank said in a statement on Monday.

MOSCOW (UrduPoint News / Sputnik - 12th November, 2018) Russia's trade surplus was up 1.7 times to $154.6 billion in the first 10 months of this year from 90.5 billion a year ago, its central bank said in a statement on Monday.

"The decisive role has been played by the favorable price conditions for major Russia's exports commodities and the slowing growth rates of imports which have resulted in an increase of the surplus in external merchandise trade balance to $154.

6 billion (against $90.5 billion in the January-October 2017 period)," the Bank of Russia estimated.

According to the central bank, the cumulative negative contribution of other current account components has declined.