Overview: In December 2020 Russia exported $36.1B and imported $24.2B, resulting in a positive trade balance of $11.9B. Between December 2019 and December 2020 the exports of Russia have decreased by $-3.64B (-9.16%) from $39.8B to $36.1B, while imports increased by $1.12B (4.83%) from $23.1B to $24.2B.
Trade: In December 2020, the top exports of Russia were Crude Petroleum ($6.08B), Commodities not elsewhere specified ($5.35B), Refined Petroleum ($4.69B), Gold ($1.3B), and Coal Briquettes ($1.18B). In December 2020 the top imports of Russia were Packaged Medicaments ($1.04B), Telephones ($965M), Vehicle Parts ($799M), Computers ($706M), and Cars ($676M).
Origins: In December 2020 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($14.6B), ST. PETERSBURG ($1.72B), ROSTOV REGION ($1.1B), KEMEROVO REGION ($1.08B), and MURMANSK REGION ($1.06B), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($10.8B), MOSCOW REGION ($2.7B), ST. PETERSBURG ($2.25B), KALININGRAD REGION ($685M), and PRIMORYE TERRITORY ($592M).
Destinations: In December 2020, Russia exported mostly to China ($5.19B), Netherlands ($2.52B), Germany ($2.12B), United Kingdom ($1.82B), and Belarus ($1.78B), and imported mostly from China ($5.52B), Germany ($2.4B), Belarus ($1.24B), Italy ($1.15B), and United States ($1.06B).
Growth: In December 2020, the decrease in Russia's year-by-year exports was explained primarily by an decrease in exports to China ($-889M or -14.6%), Netherlands ($-738M or -22.6%), and Poland ($-325M or -25.2%), and product exports decrease in Crude Petroleum ($-3.81B or -38.5%), Refined Petroleum ($-1.46B or -23.8%), and Commodities not elsewhere specified ($-1.39B or -20.6%). In December 2020, the increase in Russia's year-by-year imports was explained primarily by an increase in imports from South Korea ($482M or 85.1%), China ($340M or 6.57%), and Serbia ($189M or 206%), and product imports increase in Passenger and Cargo Ships ($325M or 3.61k%), Packaged Medicaments ($225M or 27.5%), and Vehicle Parts ($143M or 21.9%).