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Cross-Border Transactions of Individuals (Residents and Nonresidents) in Breakdown by Countries in Q1 2008

Transfers to the Russian Federation1
in favor of individuals, total in favor of resident individuals in favor of nonresident individuals
total amount of transactions,
millions of US dollars
average amount of one transaction, US dollars total amount of transactions,
millions of US dollars
average amount of one transaction, US dollars total amount of transactions,
millions of US dollars
average amount of one transaction, US dollars
Total 2,340 2,467 1,727 2,183 613 3,891
Non-CIS countries 1,918 3,658 1,394 3,146 524 6,457
of which2:
SWITZERLAND 394 27,427 318 25,488 76 40,111
UNITED STATES 227 2,051 172 1,839 55 3,197
CYPRUS 171 10,007 137 8,919 34 19,608
GERMANY 138 2,356 115 2,217 24 3,369
UNITED KINGDOM 125 4,606 103 4,424 22 5,691
LATVIA 91 4,342 60 3,300 31 10,931
AUSTRIA 48 7,198 34 6,059 14 13,609
NETHERLANDS 44 5,225 34 4,689 10 8,598
ITALY 42 1,339 31 1,184 11 2,138
TURKEY 34 2,397 14 1,249 21 6,388
FRANCE 30 2,510 19 2,016 11 4,462
SPAIN 28 1,205 23 1,166 5 1,407
ISRAEL 27 1,596 15 1,108 11 3,883
CANADA 24 1,969 14 1,412 10 4,774
CHINA, PR.: MAINLAND 22 3,606 12 2,447 10 8,259
UNITED ARAB EMIRATES 22 1,958 17 1,907 4 2,210
FINLAND 17 4,950 12 4,175 5 9,078
JAPAN 15 3,313 11 2,822 4 6,294
CZECH REPUBLIC 7 2,126 5 1,683 2 4,367
BULGARIA 5 3,454 4 3,329 1 4,095
CIS countries 423 995 333 958 89 1,168
KAZAKHSTAN 139 1,557 110 1,497 28 1,846
UZBEKISTAN 76 1,961 56 1,839 20 2,416
UKRAINE 58 333 48 331 11 343
TAJIKISTAN 31 2,522 24 2,407 7 3,026
ARMENIA, REPUBLIC OF 30 2,147 24 2,157 5 2,103
KYRGYZ REPUBLIC 26 1,695 21 1,667 5 1,824
GEORGIA 19 1,605 14 1,457 5 2,324
AZERBAIJAN, REPUBLIC OF 16 1,008 13 994 3 1,068
BELARUS 14 373 12 380 2 338
MOLDOVA 12 923 9 849 3 1,263
TURKMENISTAN 2 777 2 749 0 906
Transfers from the Russian Federation1
made by individuals, total made by resident individuals made by nonresident individuals
total amount of transactions,
millions of US dollars
average amount of one transacion, US dollars total amount of transactions,
millions of US dollars
average amount of one transacion, US dollars total amount of transactions,
millions of US dollars
average amount of one transacion, US dollars
Total 7,992 1,797 5,262 2,271 2,730 1,282
Non-CIS countries 5,646 10,226 4,127 10,097 1,519 10,592
of which2:
SWITZERLAND 837 42,614 781 42,357 56 46,542
CHINA, PR.: MAINLAND 827 11,498 198 4,674 628 21,329
UNITED STATES 443 8,060 324 7,698 119 9,242
UNITED KINGDOM 413 33,567 361 40,327 52 15,547
TURKEY 376 5,024 255 4,345 121 7,496
JAPAN 366 10,323 345 10,001 21 21,665
GERMANY 327 5,523 260 4,993 67 9,374
ITALY 257 12,810 224 13,526 34 9,473
SPAIN 155 14,293 144 16,795 11 4,789
UNITED ARAB EMIRATES 114 13,268 96 14,328 18 9,557
FRANCE 105 11,892 80 12,860 25 9,591
CZECH REPUBLIC 102 12,709 83 14,998 19 7,681
AUSTRIA 93 14,835 70 13,000 23 26,351
BULGARIA 91 11,801 84 15,266 7 3,336
CANADA 75 9,282 61 9,479 14 8,486
LATVIA 68 3,410 51 3,264 17 3,954
NETHERLANDS 67 21,307 48 21,514 20 20,826
ISRAEL 61 4,853 35 4,937 26 4,747
FINLAND 59 15,993 48 16,514 11 14,043
CYPRUS 56 15,831 49 16,336 7 13,172
CIS countries 2,346 602 1,135 595 1,211 610
UKRAINE 438 592 227 635 211 551
UZBEKISTAN 412 625 195 624 217 626
TAJIKISTAN 389 551 184 553 205 550
ARMENIA, REPUBLIC OF 223 852 105 838 118 864
AZERBAIJAN, REPUBLIC OF 207 869 94 832 113 902
MOLDOVA 206 583 98 585 108 582
KYRGYZ REPUBLIC 205 482 96 476 108 488
GEORGIA 172 587 91 477 80 797
KAZAKHSTAN 61 605 27 550 34 659
BELARUS 25 245 14 271 12 221
TURKMENISTAN 9 545 4 552 4 538
Balance3
total resident individuals nonresident individuals
total amount of transactions,
millions of US dollars
total amount of transactions,
millions of US dollars
total amount of transactions,
millions of US dollars
Total -5,652 -3,535 -2,117
Non-CIS countries -3,729 -2,733 -995
of which2:
CHINA, PR.: MAINLAND -804 -186 -618
SWITZERLAND -443 -463 20
JAPAN -351 -334 -17
TURKEY -342 -241 -100
UNITED KINGDOM -288 -258 -30
ITALY -215 -193 -23
UNITED STATES -215 -151 -64
GERMANY -189 -146 -43
SPAIN -127 -121 -5
CZECH REPUBLIC -95 -78 -17
UNITED ARAB EMIRATES -92 -78 -14
BULGARIA -86 -79 -6
FRANCE -75 -61 -14
CANADA -51 -47 -4
AUSTRIA -45 -36 -9
FINLAND -42 -36 -6
ISRAEL -34 -19 -15
NETHERLANDS -23 -13 -10
LATVIA 23 8 15
CYPRUS 115 88 27
CIS countries -1,923 -802 -1,122
UKRAINE -380 -179 -201
TAJIKISTAN -358 -160 -198
UZBEKISTAN -336 -139 -197
MOLDOVA -195 -90 -105
ARMENIA, REPUBLIC OF -193 -80 -113
AZERBAIJAN, REPUBLIC OF -191 -81 -110
KYRGYZ REPUBLIC -178 -75 -103
GEORGIA -153 -77 -76
BELARUS -11 -2 -10
TURKMENISTAN -7 -3 -4
KAZAKHSTAN 78 83 -5
Notes: 1 Money transfers to Russia in favor of resident and nonresident individuals and money transfers from Russia of resident and nonresident individuals made via credit institutions (with/without opening an account) including remittances via money transfer operators and post offices.
2 Data on top 20 countries by turnover.
3 Negative balance reflects the excess of the amount of remittances from the Russian Federation over the amount of remittances to the Russian Federation.
Sources: Reports of the credit institutions “Data on Transfers of the Individuals from the Russian Federation and Transfers to the Russian Federation for the Benefit of the Individuals and Transactions of the Resident Individuals with the Non-residents on the Territory of the Russian Federation”, other reports of the credit institutions, reports of money transfer systems, and of the government post service Pochta Rossii.

Updated June 11, 2008.