The value of imports for goods and services saw an increase in the third quarter of 2024. This rise is attributed mainly to heightened domestic demand and a stronger ruble throughout the quarter.
Regarding exports, the value remained similar to last year's figures. Companies managed to redirect their supplies, positively impacting exports. However, this positive effect was countered by restrictions from some foreign countries and oil production cuts under OPEC+.
Consequently, with stable exports and increased imports, the current account surplus has decreased compared to the previous year.
Further details can be found in the quarterly issue of the information and analytical commentary "Russia’s Balance of Payments."