Russia’s balance of payments surplus in 4Q22 shrinks to $31.4bn: CBR

MOSCOW, Jan 17 (Reuters) – The Russian Central Bank said Russia’s current account surplus stood at $31.4 billion in the fourth quarter of 2022, well below previous quarters last year, amid weaker export growth and a recovery in imports. Below is an estimate of the balance sheet items and comparative data (in billions of dollars): 1Q 2 Q 3 Q 4 Q 2022 22Y 22Y 22Y22 Current account 69.5 78.5 48.0 31.4 227.4 Goods and services 79 ,1 91.8 65.6 45.9 282.3 Export 168.2 163.2 152.0 144.7 628.1 Import 89.1 71.4 86.5 98.9 345.8 Balance of primary and secondary income -9.6 -13.3 -17.5 -14.5 -54.9 Income receivable 12.5 11.0 11.8 12.3 47.7 Income payable 22.1 24.3 29, 4 26.8 102.6 Capital account 0.0 0.7 0.6 0.4 1.8 Balance of current account and capital account 69.5 79.2 48.7 31.8 229.1 Financial account balance, including 66.4 82.1 45.1 29.6 223.2 reserve assets Net incurrence of liabilities ( ‘+’ – -34.6 -55.5 -3.3 -22.6 -116.1 increase, ‘-‘ – decrease) Net acquisition of financial 31.8 26.5 41.9 6.9 107.1 assets, including reserve assets ( ‘+’ – increase, ‘-‘ – decrease) Net errors and omissions -3 .0 2.8 -3.5 -2.3 -5.9 (Elena Fabrichnaya. Edited by Dmitry Antonov)