Overview: In November 2020 CHUVASH REPUBLIC exported $19.3M and imported $21M, resulting in a negative trade balance of $1.71M. Between November 2019 and November 2020 the exports of CHUVASH REPUBLIC have increased by $3.41M (21.5%) from $15.9M to $19.3M, while imports decreased by $-4.29M (-17%) from $25.3M to $21M.
Trade: In November 2020, the top exports of CHUVASH REPUBLIC were Semiconductor Devices ($2.75M), Baked Goods ($1.57M), Electrical Control Boards ($1.52M), Pesticides ($1.2M), and Chocolate ($1.11M). In November 2020 the top imports of CHUVASH REPUBLIC were Sulfonamides ($2.51M), Disc Chemicals for Electronics ($2.23M), Nitrogen Heterocyclic Compounds ($1.21M), Raw Plastic Sheeting ($989k), and Metalworking Machines ($919k).
Destinations: In November 2020, CHUVASH REPUBLIC exported mostly to Kazakhstan ($6.41M), China ($2.67M), Belarus ($2.28M), Uzbekistan ($1.02M), and Poland ($598k), and imported mostly from China ($7.89M), Germany ($2.97M), Belarus ($2.26M), India ($925k), and Italy ($884k).
Growth: In November 2020, the increase in CHUVASH REPUBLIC's year-by-year exports was explained primarily by an increase in exports to Kazakhstan ($3.5M or 120%), Abkhazia ($352k or 305%), and Bulgaria ($172k or 1.73k%), and product exports increase in Semiconductor Devices ($2.73M or 19.7k%), Pesticides ($888k or 286%), and Electrical Control Boards ($405k or 36.4%). In November 2020, the decrease in CHUVASH REPUBLIC's year-by-year imports was explained primarily by an decrease in imports from China ($-2.28M or -22.4%), Austria ($-1.35M or -88.9%), and Italy ($-908k or -50.7%), and product imports decrease in Industrial Food Preperation Machinery ($-1.09M or -88.9%), Nitrogen Heterocyclic Compounds ($-785k or -39.3%), and Electrical Transformers ($-713k or -65.1%).