Overview In January 2022, Russia exported $99.8M and imported $2.16M from Mongolia, resulting in a positive trade balance of $97.6M. Between January 2021 and January 2022 the exports of Russia have increased by $752k (0.76%) from $99M to $99.8M, while imports decreased by $-1.98M (-47.8%) from $4.14M to $2.16M.
Trade In January 2022, the top exports of Russia to Mongolia were Refined Petroleum ($45.8M), Wheat ($20.5M), Nitrogenous Fertilizers ($3.19M), Electricity ($2.76M), and Seed Oils ($2.48M). In January 2022 the top imports of Russia from Mongolia were Feldspar ($3.32M), Iron Railway Products ($271k), Knit Socks and Hosiery ($110k), Knit Sweaters ($75.8k), and Hard Liquor ($65.2k).
Origins In January 2022 the exports of Russia were mainly from KEMEROVO REGION ($23.6M), SAMARA REGION ($13.9M), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($11.6M), IRKUTSK REGION ($5.25M), and REPUBLIC OF BURYATIA ($4.4M), while imports destinations were mainly IRKUTSK REGION ($540k), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($258k), KEMEROVO REGION ($209k), REPUBLIC OF BURYATIA ($151k), and PERM TERRITORY ($134k).
Growth In January 2022, the increase in Russia's year-by-year exports to Mongolia was explained primarily by an increase in product exports in Wheat ($20.4M or 27.7k%), Seed Oils ($1.89M or 320%), and Soybean Oil ($766k or 1.44k%). In January 2022, the decrease in Russia's year-by-year imports from Mongolia was explained primarily by an decrease in product imports in Electricity ($-5.38k or -14.5%) and Other Non-Knit Clothing Accessories ($-415 or -30.1%).