Overview: In November 2020 BELGOROD REGION exported $249M and imported $110M, resulting in a positive trade balance of $140M. Between November 2019 and November 2020 the exports of BELGOROD REGION have decreased by $-19.8M (-7.35%) from $269M to $249M, while imports decreased by $-25M (-18.5%) from $135M to $110M.
Trade: In November 2020, the top exports of BELGOROD REGION were Iron Ore ($60.4M), Semi-Finished Iron ($37M), Seed Oils ($30.2M), Iron Reductions ($22.9M), and Margarine ($10.8M). In November 2020 the top imports of BELGOROD REGION were Other Heating Machinery ($7.81M), Nitrogen Heterocyclic Compounds ($6.42M), Hot-Rolled Iron ($3.83M), Soybean Meal ($3.57M), and Unglazed Ceramics ($3.32M).
Destinations: In November 2020, BELGOROD REGION exported mostly to China ($52.6M), Kazakhstan ($21.3M), United Arab Emirates ($15.9M), Belarus ($13.3M), and Slovakia ($12.3M), and imported mostly from Ukraine ($36.8M), Germany ($10.9M), China ($10.5M), Belarus ($9.56M), and France ($6.51M).
Growth: In November 2020, the decrease in BELGOROD REGION's year-by-year exports was explained primarily by an decrease in exports to Italy ($-24.9M or -96.9%), Turkey ($-12.6M or -68.4%), and Germany ($-12.6M or -54.6%), and product exports decrease in Semi-Finished Iron ($-51.3M or -58.1%), Iron Reductions ($-30.5M or -57.2%), and Other Steel Bars ($-1.97M or -18%). In November 2020, the decrease in BELGOROD REGION's year-by-year imports was explained primarily by an decrease in imports from Turkey ($-16.5M or -90.6%), Ukraine ($-8.09M or -18%), and China ($-3.94M or -27.3%), and product imports decrease in Stone Processing Machines ($-21.4M or -96.7%), Locomotive Parts ($-6.23M or -96.8%), and Cocoa Beans ($-2.04M or -43.4%).