Russia's gas and oil exports fell sharply in the first four months of 2016
According to the Federal Customs Service (FCS), Russia’s gas export revenues decreased by 28.9% year on year and amounted to $10.781 billion in the first four months of the year.
According to tge FCS’s estimates, oil revenues fell by 36%, or 1.6 times at a cost of $19.749 billion.
At the same time, gas exports increased by 11.4% to 66.2 billion cubic meters and oil exports increased by 5% to 83.8 million tons during the same reporting period.
In general, according to FCS, Russia’s foreign trade turnover for January- April 2016 totaled $134.4 billion, which is 25.2% less than for the same period last year. At the same time, trade surpluses amounted to $33.1 billion for the first four months of the current year which is 48.2% less than the previous year ($63.9 billion).
Russia’s export for January- April totaled $83.8 billion, a decrease of 31.3%. Imports into Russia totaled $50.6 billion during the reporting period, an annual decrease of 12.5%.