Overview In January 2022, Russia exported $172M and imported $243M from Indonesia, resulting in a negative trade balance of $71M. Between January 2021 and January 2022 the exports of Russia have increased by $101M (142%) from $71.2M to $172M, while imports increased by $65.2M (36.6%) from $178M to $243M.
Trade In January 2022, the top exports of Russia to Indonesia were Refined Petroleum ($47.4M), Semi-Finished Iron ($41.7M), Potassic Fertilizers ($36.8M), Coal Briquettes ($22.7M), and Mixed Mineral or Chemical Fertilizers ($8.61M). In January 2022 the top imports of Russia from Indonesia were Palm Oil ($87.4M), Rubber ($26M), Coconut Oil ($15.3M), Large Flat-Rolled Stainless Steel ($11.1M), and Cocoa Butter ($9.96M).
Origins In January 2022 the exports of Russia were mainly from KEMEROVO REGION ($53.3M), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($47.7M), PERM TERRITORY ($25.6M), VOLGOGRAD REGION ($11.3M), and SVERDLOVSK REGION ($8.05M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($60.9M), KRASNODAR TERRITORY ($54.2M), SARATOV REGION ($32M), MOSCOW REGION ($15.4M), and NIZHNY NOVGOROD REGION ($14.1M).
Growth In January 2022, the increase in Russia's year-by-year exports to Indonesia was explained primarily by an increase in product exports in Asbestos ($1.1M or 45.5%), Kraft Paper ($890k or 896%), and Refined Petroleum ($364k or 27.3%). In January 2022, the increase in Russia's year-by-year imports from Indonesia was explained primarily by an increase in product imports in Palm Oil ($28.7M or 53%), Coconut Oil ($4.78M or 89.9%), and Coffee ($4.47M or 108%).