Russia’s trade surplus up 26 percentApril 24th, 2012 - 5:08 am ICT by IANS
Moscow, April 24 (IANS) Russia’s trade surplus grew by 26 percent in March year-on-year, Russian Deputy Economic Development Minister Andrei Klepach said Monday.
“The trade surplus in March reached $21 billion. In March last year it was smaller, at some $16.7 billion,” Klepach told reporters here.
Russia exported goods and services worth nearly $50 billion in March 2012, while imports of the month stood at about $28 billion, Xinhua reported.
In March 2011, Russia’s exports amounted to $43.6 billion and imports $26.9 billion.
Klepach pointed out that Russia’s exports have slowed down in pace, but continue to grow in the absolute numbers. In March, exports grew by 13.5 percent compared to February.
“This is a minimal year-on-year growth,” Klepach stressed.
Also on Monday, Russian Prime Minister and President-elect Vladimir Putin, ordered the ministry to create a comprehensive support system for Russian exports to global markets.
Such a system, Putin said, should combine Russia’s financial, diplomatic, informational and legal capabilities.
- China back to trade surplus (Lead) - Apr 10, 2012
- China swings back to trade surplus - Apr 10, 2012
- China's exports rise to $173 bn in August - Sep 10, 2011
- China foreign trade growth slows, surplus widens (Lead) - May 10, 2012
- China sees first quarterly trade deficit in six years - Apr 10, 2011
- China July exports slow down - Aug 10, 2012
- 'China's foreign trade outlook grim' (Lead) - May 15, 2012
- South Korea posts first trade deficit in 24 months - Feb 01, 2012
- China's foreign trade growth slows in November - Dec 11, 2011
- South Korea's trade balance turns into black - Mar 01, 2012
- Russia needs more foreign investment: Putin - May 03, 2012
- India's exports drop by 5.71 percent in March - May 01, 2012
- China's September trade surplus drops - Oct 13, 2011
- Russian budget deficit expected at 1 percent of GDP - Feb 02, 2012
- Russia seeks faster trade growth with Italy - Jul 24, 2012
Tags: absolute numbers, andrei, april 24, capabilities, development minister, economic development, global markets, moscow, pace, president elect, russia, russian exports, russian prime minister, trade surplus, vladimir putin, xinhua