Overview In July 2021 LIPETSK REGION exported $1.79B and imported $128M, resulting in a positive trade balance of $1.66B. Between July 2020 and July 2021 the exports of LIPETSK REGION have increased by $1.68B (1.49k%) from $112M to $1.79B, while imports increased by $28.9M (29.2%) from $99.1M to $128M.
Trade In July 2021, the top exports of LIPETSK REGION were Semi-Finished Iron ($1.26B), Steel Ingots ($151M), Hot-Rolled Iron ($150M), Pig Iron ($82.8M), and Flat Flat-Rolled Steel ($51.6M). In July 2021 the top imports of LIPETSK REGION were Machinery Having Individual Functions ($11.4M), Ferroalloys ($4.29M), Styrene Polymers ($4.04M), Refrigerators ($4M), and Raw Zinc ($3.83M).
Destinations In July 2021, LIPETSK REGION exported mostly to Mexico ($642M), Belgium ($556M), Turkey ($331M), Denmark ($118M), and United States ($58M), and imported mostly from China ($24.2M), Italy ($19.6M), Germany ($19.2M), Belarus ($6.14M), and Poland ($6.1M).
Growth In July 2021, the increase in LIPETSK REGION's year-by-year exports was explained primarily by an increase in exports to Mexico ($632M or 6.81k%), Belgium ($555M or 89.5k%), and Turkey ($297M or 870%), and product exports increase in Semi-Finished Iron ($1.26B or 83.7k%), Hot-Rolled Iron ($136M or 954%), and Flat Flat-Rolled Steel ($34.8M or 207%). In July 2021, the increase in LIPETSK REGION's year-by-year imports was explained primarily by an increase in imports from China ($13.7M or 131%), Italy ($10.1M or 106%), and Germany ($6.55M or 52%), and product imports increase in Machinery Having Individual Functions ($9.97M or 676%), Ferroalloys ($3.15M or 275%), and Harvesting Machinery ($2.93M or 501%).