Overview: In December 2020 Russia exported $53.4M and imported $41.7M from Norway, resulting in a positive trade balance of $11.6M. Between December 2019 and December 2020 the exports of Russia have decreased by $-24.9M (-31.8%) from $78.3M to $53.4M, while imports decreased by $-19.6M (-31.9%) from $61.3M to $41.7M.
Trade: In December 2020, the top exports of Russia to Norway were Rapeseed Oil ($10.6M), Refined Petroleum ($10.4M), Calcium Phosphates ($4.97M), Non-fillet Frozen Fish ($3.11M), and Coke ($2.51M). In December 2020 the top imports of Russia from Norway were Animal Food ($11.4M), Fishing Ships ($7.05M), Medical Instruments ($4.46M), Industrial Food Preperation Machinery ($2.18M), and Specialized Vehicles ($1.18M).
Origins: In December 2020 the exports of Russia were mainly from KALININGRAD REGION ($10.7M), REPUBLIC OF TATARSTAN ($9.95M), MURMANSK REGION ($6.59M), LENINGRAD REGION ($3.8M), and SMOLENSK REGION ($3.46M), while imports destinations were mainly MURMANSK REGION ($12.5M), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($11.7M), PRIMORYE TERRITORY ($7.08M), ST. PETERSBURG ($3.34M), and LENINGRAD REGION ($2.64M).
Growth: In December 2020, the decrease in Russia's year-by-year exports to Norway was explained primarily by an decrease in product exports in Raw Aluminium ($-10.8M or -88.2%), Refined Petroleum ($-8.27M or -44.4%), and Calcium Phosphates ($-2.81M or -36.1%). In December 2020, the decrease in Russia's year-by-year imports from Norway was explained primarily by an decrease in product imports in Fishing Ships ($-19.9M or -73.8%), Ferroalloys ($-1.51M or -88.2%), and Centrifuges ($-863k or -97.5%).