Overview: In November 2020 MURMANSK REGION exported $331M and imported $38M, resulting in a positive trade balance of $293M. Between November 2019 and November 2020 the exports of MURMANSK REGION have decreased by $-20.4M (-5.8%) from $352M to $331M, while imports increased by $3.29M (9.47%) from $34.7M to $38M.
Trade: In November 2020, the top exports of MURMANSK REGION were Raw Nickel ($168M), Nickel Mattes ($49.9M), Refined Copper ($27.9M), Non-fillet Frozen Fish ($17.2M), and Fish Fillets ($15.8M). In November 2020 the top imports of MURMANSK REGION were Fishing Ships ($10.3M), Animal Food ($9.19M), Aluminium Oxide ($3.24M), Rubber Tires ($1.75M), and Large Construction Vehicles ($1.5M).
Destinations: In November 2020, MURMANSK REGION exported mostly to Netherlands ($164M), Switzerland ($74.7M), Finland ($50M), Belgium ($10.8M), and Norway ($6.56M), and imported mostly from Norway ($21.3M), Sweden ($2.3M), Ireland ($1.82M), Italy ($1.64M), and Guinea ($1.42M).
Growth: In November 2020, the decrease in MURMANSK REGION's year-by-year exports was explained primarily by an decrease in exports to Finland ($-54.8M or -52.3%), Lithuania ($-11.9M or -73%), and China ($-3.81M or -42.1%), and product exports decrease in Crustaceans ($-67.6M or -89.6%), Nickel Mattes ($-53.3M or -51.7%), and Calcium Phosphates ($-16M or -53.1%). In November 2020, the increase in MURMANSK REGION's year-by-year imports was explained primarily by an increase in imports from Norway ($12M or 128%), Slovakia ($1.31M or 9.76k%), and Iceland ($926k or 667%), and product imports increase in Animal Food ($5.08M or 124%), Air Pumps ($1.18M or 814%), and Plastic Lids ($1.06M or 2.62M%).