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Economics ministry raises Russia's foreign trade forecast

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By 2010 Russia's foreign trade will increase by $86 billion, to $592.8 billion from $506.8 billion in 2007, the Russian Economic Development and Trade Ministry said Monday.
MOSCOW, April 9 (RIA Novosti) - By 2010 Russia's foreign trade will increase by $86 billion, to $592.8 billion from $506.8 billion in 2007, the Russian Economic Development and Trade Ministry said Monday.

Earlier forecast figures suggested a foreign trade increase from $493.4 billion to $575.4 billion.

The ministry also said Russia's foreign trade surplus will decrease from $100.8 in 2007 to $3.2 billion in 2010.

In line with the new forecast, the ministry expects exports volumes in 2007-2010 to be higher than previously, but the increase in imports will also be higher than predicted in mid-February.

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