External balance on goods and services in Russian Federation
Russian Federation: External balance on goods and services was 1.39 trillion constant LCU in 2021. ▼ Falling
External balance on goods and services in Russian Federation, 2016–2021
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2021, external balance on goods and services in Russian Federation stood at 1.39 trillion constant LCU. That is the lowest value across all 6 years on record.
That represents a change of down 67.9% on the previous year and down 68.8% over ten years.
That places Russian Federation 10th out of 161 countries with data for 2021, putting it in the top 10%.
External balance on goods and services in Russian Federation, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2016 | 4.44 trillion constant LCU | — |
| 2017 | 2.49 trillion constant LCU | -44.0% |
| 2018 | 3.23 trillion constant LCU | +29.7% |
| 2019 | 2.74 trillion constant LCU | -15.1% |
| 2020 | 4.32 trillion constant LCU | +57.6% |
| 2021 | 1.39 trillion constant LCU | -67.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 3.23 trillion constant LCU | 2.49 trillion constant LCU | 4.44 trillion constant LCU | 4 |
| 2020s | 2.86 trillion constant LCU | 1.39 trillion constant LCU | 4.32 trillion constant LCU | 2 |
Countries ranked near Russian Federation
- 7 Congo, Democratic Republic of the 5.24 trillion constant LCU compare
- 8 Hungary 2.83 trillion constant LCU compare
- 9 Congo 1.40 trillion constant LCU compare
- 11 Thailand 799.63 billion constant LCU compare
- 12 Chad 746.38 billion constant LCU compare
- 13 Equatorial Guinea 511.47 billion constant LCU compare
More economy & growth data for Russian Federation
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.54 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.25 Percent per annum (2029)
- GDP (current US$), annual growth rate 17.14 % change on previous year (2025)
- GDP (current US$), per capita 17,847 current US$ per person (2025)
- GDP (current LCU), annual growth rate 5.9 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 83.65 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 1.49 million current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 1 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.6392 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 11,408 constant 2015 US$ per person (2025)
Frequently asked questions
- What is external balance on goods and services in Russian Federation?
- External balance on goods and services in Russian Federation was 1.39 trillion constant LCU in 2021, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Russian Federation?
- The highest recorded value was 4.44 trillion constant LCU in 2016.
- What is the lowest external balance on goods and services recorded in Russian Federation?
- The lowest recorded value was 1.39 trillion constant LCU in 2021.
- How does Russian Federation rank for external balance on goods and services?
- Russian Federation ranks 10th out of 161 countries with data for 2021.
- Is external balance on goods and services rising or falling in Russian Federation?
- Over the last ten years it is down 68.8%. The long-run trend across the full record is falling.
- Where does this Russian Federation data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (constant LCU). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.