Overview In January 2022, Russia exported $625M and imported $371M from Ukraine, resulting in a positive trade balance of $254M. Between January 2021 and January 2022 the exports of Russia have increased by $255M (68.8%) from $370M to $625M, while imports increased by $145M (64.1%) from $226M to $371M.
Trade In January 2022, the top exports of Russia to Ukraine were Refined Petroleum ($69.2M), Coal Briquettes ($42.2M), Ammonia ($13.5M), Petroleum Gas ($13.3M), and Iron Ore ($11.1M). In January 2022 the top imports of Russia from Ukraine were Aluminium Oxide ($44.8M), Hot-Rolled Iron ($20.9M), Coal Briquettes ($9.73M), Iron Blocks ($9.06M), and Locomotive Parts ($8.13M).
Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($147M), KEMEROVO REGION ($97.7M), ROSTOV REGION ($87.1M), NOVOSIBIRSK REGION ($43.3M), and MOSCOW REGION ($42.8M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($60M), IRKUTSK REGION ($59.9M), ROSTOV REGION ($46.2M), BELGOROD REGION ($41.5M), and MOSCOW REGION ($31.1M).
Growth In January 2022, the increase in Russia's year-by-year exports to Ukraine was explained primarily by an increase in product exports in Refined Petroleum ($64.2M or 1.27k%), Hot-Rolled Iron Bars ($2.23M or 817%), and Vehicle Bodies (including cabs) for the... ($1.97M or 54.8k%). In January 2022, the increase in Russia's year-by-year imports from Ukraine was explained primarily by an increase in product imports in Hot-Rolled Iron ($5.6M or 36.7%), Telephones ($3.07M or 364%), and Other Iron Products ($2.69M or 172%).