TRADE DATA ON IMPORTS AND EXPORTS OF USA AND RUSSIA
Trade data of foreign trade deficit in the US rose to the highest level of the last 6-months. Because the country’s foreign trade deficit amounted 53.2 billion dollars. In August compared to the previous month it increased by 6.4 percent.
According to the US Department of Commerce report, the foreign trade deficit was $ 53.2 billion. So it widened by 6.4 percent compared to the previous month. Expectation on the data, reaching the highest level since February, was set at $ 53.5 billion.
This increase arises from the trade figures of August. Country’s exports decreased by 0,8 percent to $ 209.4 billion. Besides, imports increased by 0.6 percent to $ 262.7 billion. So these trade data led to the rise of the foreign trade deficit in August.
Meanwhile, the foreign trade deficit for July was revised from $ 50.1 billion to $ 50 billion.
Trade Data for Russia’s Foreign Trade Surplus Rises to $ 65.3 Billion
Russia’s foreign trade surplus increased by 37,8 percent in the first four months of this year. So it increased compared to the same period of 2017 and reached 65.3 billion dollars.
Russian Federal Customs Service (FTS) announced the updated figures. According to the info the country’s exports increased by 26,8 percent. Because the export amount increased to 140.2 billion dollars. This data shows the statistics of first four months of this year compared to the same period of 2017. Additionally imports increased by 18.6 percent to $ 75 billion.
Russia’s total trade volume increased by 23.8 percent in the January – April period compared to the same period of 2017 and reached 215.2 billion dollars. Also in the subject period, foreign trade surplus increased by 37.8 percent to $ 65.3 billion.
In the first four months, Russia’s largest trading partner was recorded as China. Because Russia has a trade volume of 32.2 billion dollars from trade with China. So this shows an increase of 31.5 percent compared to the previous year.
Turkey was Russia’s 4th largest trade partner, with trade volume rising to $ 9.4 billion, an increase of 52.2 percent.
According to the statement issued by the Russian Federal Customs Service, the country’s foreign trade surplus had reached 130.6 billion dollars in 2017. This increase by 25.5 percent is comparison to the previous year.