16.4% — growth in Russia’s foreign trade surplus

▪️ $102.9 billion — Russia’s foreign trade surplus from January to August of this year. Year-on-year growth amounted to 16.4%, the Federal Customs Service (FCS) states.
▪️ 14.2% — to $304.2 billion — growth in Russian exports over the indicated period.
▪️ 13.1% — growth in imports into Russia over the first eight months of the year, which reached $201.3 billion.
▪️ The main driver of the growth in Russia’s positive foreign trade balance was the increase in exports to Asian countries by 19.08% — to $244 billion.

“Crystal of Growth” previously reported that Russia entered the top-3 G20 countries with the maximum foreign trade surplus, and also cited the view of Alexander Galushka that the Russian economy has shown phenomenal resilience against the backdrop of unprecedented sanctions pressure from the West. Historically this is far from the first time.