Moderate decrease in exports and imports in 2025 Q1
17 April 2025
News
Exports were down in 2025 Q1 year on year due to lower global prices for oil and coal, reduced oil production, and the termination of gas transit to Europe. Imports declined under pressure from the increased recycling fee and higher interest rates in the economy.
The value of imports decreased to a lesser extent than that of exports. As a result, the current account surplus dropped in 2025 Q1 year on year.
Find details in the quarterly issue of the information and analytical commentary Russia’s Balance of Payments.