Russia's revenues from oil exports down 18.2% in January
Exports of Russian oil in value terms in January 2019 decreased by 18.2% compared to the same period in 2018 and amounted to $8.7 bln, according to the Russian Federal Customs Service, Trend reports referring to TASS.
The physical volume of oil exports decreased in the reporting period by 10.1% and amounted to 20.8 mln tonnes.
At the same time, Russia’s trade surplus in January 2019 decreased by 13% compared with the figure for the same period of 2018 and amounted to $16 bln.
Exports of goods in the reporting period decreased by 7.4% to $31.6 bln, imports - by 1% to $15.6 bln. Thus, in January 2019, foreign trade turnover of Russia decreased by 5.4% and reached $47.2 bln.