Overview In January 2022, Russia exported $75.8M and imported $40.4M from Philippines, resulting in a positive trade balance of $35.4M. Between January 2021 and January 2022 the exports of Russia have increased by $32M (73.3%) from $43.7M to $75.8M, while imports increased by $15.4M (62%) from $24.9M to $40.4M.
Trade In January 2022, the top exports of Russia to Philippines were Semi-Finished Iron ($36.6M), Coal Briquettes ($2.44M), Refined Petroleum ($1.58M), Kraft Paper ($947k), and Other Uncoated Paper ($695k). In January 2022 the top imports of Russia from Philippines were Computers ($2.74M), Integrated Circuits ($2.65M), Insulated Wire ($2.45M), Electric Heaters ($2.16M), and Electrical Transformers ($1.99M).
Origins In January 2022 the exports of Russia were mainly from KHABAROVSK TERRITORY ($47.1M), KEMEROVO REGION ($23.9M), NOVGOROD REGION ($1.35M), ARKHANGELSK REGION ($927k), and PERM TERRITORY ($625k), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($23.2M), MOSCOW REGION ($6.21M), ST. PETERSBURG ($6.19M), SVERDLOVSK REGION ($841k), and VLADIMIR REGION ($478k).
Growth In January 2022, the increase in Russia's year-by-year exports to Philippines was explained primarily by an increase in product exports in Semi-Finished Iron ($15.6M or 74.3%), Coal Briquettes ($1.34M or 122%), and Refined Petroleum ($1.14M or 263%). In January 2022, the increase in Russia's year-by-year imports from Philippines was explained primarily by an increase in product imports in Insulated Wire ($1.6M or 191%), Vacuum Cleaners ($1.54M or 453%), and Electric Heaters ($940k or 77.1%).