FX.co ★ Russian Trade Surplus Rises to 2-Year High

Russia’s trade surplus widened to $13.97 billion in March 2026, up from $12.3 billion a year earlier, marking the largest surplus in two years. Exports rose 15.8% year-on-year to $41.06 billion, also a two-year high, driven by increased revenues for energy exporters after the outbreak of war in the Middle East disrupted tanker traffic from the Persian Gulf and pushed up global oil and gas prices. Imports increased by 16.9% to $27.10 billion over the same period.