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Russian trade surplus rises 17% in Jan.-Nov. y-o-y

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MOSCOW, January 12 (RIA Novosti) - Russia's trade saw a $151.6 billion surplus in January-November, a 17% rise year-on-year, but remains dominated by energy exports, the customs service said Friday.

Russia's foreign trade increased 29% year-on-year to $392.9 billion in the reported period, said the Federal Customs Service.

Exports exceeded imports, though mostly thanks to sales of fuel and energy products by Russia, being the world's major oil and gas supplier.

Exports totaled $272.2 billion, seeing a 25.5% increase year-on-year, the service said. Energy products made 69.3% of total exports to countries outside the post-Soviet territory compared to 67% in 2005.

Fuel and energy products took over exports to ex-Soviet republics too, holding a 42.3% share against 41.4% in the previous year.

Russia's imports were $120.7 billion, a 37.7% increase year-on-year, with the largest share of machines and equipment - 50.8% against 47.6% in 2005.

The customs service said the European Union was Russia's largest economic partner and accounts for 53.2% of Russian trade against 52.1% in January-November 2005.

The share of ex-Soviet republics in Russian trade dropped from 15.3% in the first 11 months of 2005 to 14.8% in the same period of 2006.

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