Russia’s trade surplus down 6.2 pct in January-July

Russia’s trade surplus decreased 6.2 percent year on year to 104.8 billion U.S. dollars in January-July this year, the Russian Federal Customs Service said Wednesday.

The trade surplus in the first seven months was 6.9 billion dollars less than during the same period last year, it said in a statement.

Trade turnover amounted to 377.3 billion dollars in January-July, down 3.2 percent year on year.

Fuel and energy products, which accounted for 64.2 percent of Russia’s total exports, saw an increase in volume of 3.5 percent but a decline in value of 3.2 percent.

Metals and their products, which took up 9.5 percent of the total exports, suffered a drop in both volume and value of 8.5 percent and 11.8 percent, respectively.