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Russia's foreign trade surplus grows 15%, to $164.4 bln in 2006

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Russia's foreign trade surplus grew 15.1%, year-on-year, in 2006, to $164.4 billion, the Federal Customs Service said Tuesday.
MOSCOW, February 13 (RIA Novosti) - Russia's foreign trade surplus grew 15.1%, year-on-year, in 2006, to $164.4 billion, the Federal Customs Service said Tuesday.

In 2005, Russia's foreign trade surplus totaled $142.8 billion, the service said.

Russia's foreign trade, excluding the Commonwealth of Independent States (CIS), totaled $374.9 billion, an increase of 29.9% on 2005. Trade with the CIS, which includes all former Soviet republics except the Baltic states, stood at $64.6 billion, a rise of 25.2%., the service said.

In the reporting period, Russia's exports increased 25.1%, year-on-year, to $302 billion. A total of $259.7 billion of that sum was with countries excluding the CIS, a rise of 24.3%, and $42.3 billion with CIS states, up 29.6%, the service said.

Imports grew 39.3%, year-on-year, in 2006, to $137.5 billion, including $115.2 billion from non-CIS countries (a rise of 44.5%), and $22.3 billion from the CIS states (an increase of 17.6%), the service said.

The European Union continued to be Russia's leading economic partner in the reporting period, accounting for 52.7% of its trade turnover, compared with 52.0% in 2005. CIS states accounted for 14.7% of Russia's foreign trade, compared with 15.2% in 2005, the service said.

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