Overview In January 2022 Russia exported $511M and imported $212M from Brazil, resulting in a positive trade balance of $299M. Between January 2021 and January 2022 the exports of Russia have increased by $314M (160%) from $197M to $511M, while imports increased by $71.1M (50.6%) from $141M to $212M.
Trade In January 2022, the top exports of Russia to Brazil were Potassic Fertilizers ($160M), Mixed Mineral or Chemical Fertilizers ($124M), Nitrogenous Fertilizers ($113M), Refined Petroleum ($33.9M), and Semi-Finished Iron ($23M). In January 2022 the top imports of Russia from Brazil were Soybeans ($36.6M), Coffee ($18.2M), Ferroalloys ($17M), Poultry Meat ($17M), and Frozen Bovine Meat ($16.7M).
Origins In January 2022 the exports of Russia were mainly from PERM TERRITORY ($194M), NOVGOROD REGION ($69.3M), LENINGRAD REGION ($53.5M), SARATOV REGION ($42.4M), and MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($36.3M), while imports destinations were mainly KALININGRAD REGION ($59.3M), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($44.7M), ST. PETERSBURG ($37M), LENINGRAD REGION ($15.9M), and MOSCOW REGION ($14.1M).
Growth In January 2022, the increase in Russia's year-by-year exports to Brazil was explained primarily by an increase in product exports in Potassic Fertilizers ($29.8M or 316%), Refined Petroleum ($26.6M or 889%), and Nitrogenous Fertilizers ($20.3M or 62%). In January 2022, the increase in Russia's year-by-year imports from Brazil was explained primarily by an increase in product imports in Soybeans ($20.6M or 176%), Liquid Dispersing Machines ($12.5M or 233%), and Ground Nuts ($5.59M or 128%).