Overview: In December 2020 KABARDINO-BALKARIAN REPUBLIC exported $1.7M and imported $6.12M, resulting in a negative trade balance of $4.43M. Between December 2019 and December 2020 the exports of KABARDINO-BALKARIAN REPUBLIC have increased by $312k (22.6%) from $1.38M to $1.7M, while imports decreased by $-1.65M (-21.2%) from $7.77M to $6.12M.
Trade: In December 2020, the top exports of KABARDINO-BALKARIAN REPUBLIC were Interchangeable Tool Parts ($558k), Chocolate ($442k), Confectionery Sugar ($103k), Plastic Housewares ($86.3k), and Starches ($72.3k). In December 2020 the top imports of KABARDINO-BALKARIAN REPUBLIC were Rubberworking Machinery ($842k), X-Ray Equipment ($645k), Medical Instruments ($566k), Lifting Machinery ($535k), and Iron Stovetops ($459k).
Destinations: In December 2020, KABARDINO-BALKARIAN REPUBLIC exported mostly to Uzbekistan ($543k), Ukraine ($252k), Kazakhstan ($219k), Armenia ($211k), and Azerbaijan ($125k), and imported mostly from Austria ($1.2M), China ($1.08M), Italy ($635k), Belarus ($620k), and Germany ($520k).
Growth: In December 2020, the increase in KABARDINO-BALKARIAN REPUBLIC's year-by-year exports was explained primarily by an increase in exports to Uzbekistan ($304k or 128%), Ukraine ($111k or 78.8%), and Turkey ($47.5k or 277%), and product exports increase in Interchangeable Tool Parts ($236k or 73%), Chocolate ($82k or 22.8%), and Hot-Rolled Iron Bars ($37k or 811%). In December 2020, the decrease in KABARDINO-BALKARIAN REPUBLIC's year-by-year imports was explained primarily by an decrease in imports from Germany ($-850k or -62%), Serbia ($-169k or -71.2%), and Czechia ($-164k or -59.6%), and product imports decrease in Lifting Machinery ($-2.82M or -84.1%), Telephones ($-285k or -71.7%), and Other Live Plants ($-284k or -80.6%).