Overview: In November 2020 IVANOVO REGION exported $17M and imported $49.9M, resulting in a negative trade balance of $32.9M. Between November 2019 and November 2020 the exports of IVANOVO REGION have increased by $2.86M (20.2%) from $14.1M to $17M, while imports decreased by $-3.58M (-6.69%) from $53.5M to $49.9M.
Trade: In November 2020, the top exports of IVANOVO REGION were Saturated Acyclic Monocarboxylic Acids ($1.93M), Light Pure Woven Cotton ($1.67M), Medical Instruments ($888k), Ketones and Quinones ($810k), and Excavation Machinery ($769k). In November 2020 the top imports of IVANOVO REGION were Non-Retail Pure Cotton Yarn ($10.4M), Light Pure Woven Cotton ($4.15M), Sewing Machines ($2.11M), Raw Cotton ($2M), and Raw Plastic Sheeting ($1.99M).
Destinations: In November 2020, IVANOVO REGION exported mostly to Belarus ($2.59M), Kazakhstan ($2.29M), Czechia ($2.2M), Germany ($1.11M), and Ukraine ($860k), and imported mostly from Uzbekistan ($16M), China ($11.6M), Belarus ($4.58M), Germany ($3.58M), and Turkey ($3.09M).
Growth: In November 2020, the increase in IVANOVO REGION's year-by-year exports was explained primarily by an increase in exports to Czechia ($1.55M or 238%), China ($493k or 1.19k%), and Netherlands ($440k or 109%), and product exports increase in Saturated Acyclic Monocarboxylic Acids ($832k or 75.8%), Carbon ($414k or 145%), and Ketones and Quinones ($382k or 89.4%). In November 2020, the decrease in IVANOVO REGION's year-by-year imports was explained primarily by an decrease in imports from Belgium ($-1.24M or -73.2%), Italy ($-621k or -40.1%), and Hungary ($-602k or -97.2%), and product imports decrease in Machinery Having Individual Functions ($-3.55M or -99.6%), Looms ($-1.83M or -85.6%), and Excavation Machinery ($-1.03M or -35.7%).