MOSCOW, September 8 (RIA Novosti) - Net private capital outflow from Russia totaled $16.1 billion in July and declined almost 50% in August month on month, a source close to the Bank of Russia said on Tuesday.

"Russia registered capital inflow of $8.4 billion in June and capital outflow of $16.1 billion in July while capital outflow in August was almost half as much," the source said.

The International Monetary Fund said in August that capital outflow from Russia was projected at $67.9 billion in 2009 and $25.8 billion in 2010.

Net capital inflow into Russia was $7.2 billion in the second quarter while net outflow in the first six months of the year was $27.6 billion, according to the Central Bank's reports.

Russia's net capital outflow was $130 billion in 2008.

Russia's foreign trade declined by 45.4%, year-on-year, to $236.5 billion in the first seven months of 2009, the customs service said on Tuesday.

The country's foreign trade surplus halved to $65.1 billion in the reporting period.