Overview In June 2021 NIZHNY NOVGOROD REGION exported $454M and imported $279M, resulting in a positive trade balance of $175M. Between June 2020 and June 2021 the exports of NIZHNY NOVGOROD REGION have increased by $149M (49.1%) from $305M to $454M, while imports increased by $48.9M (21.3%) from $230M to $279M.
Trade In June 2021, the top exports of NIZHNY NOVGOROD REGION were Refined Petroleum ($126M), Seed Oils ($17.4M), Other Heating Machinery ($16.8M), Propylene Polymers ($16M), and Other Small Iron Pipes ($15.1M). In June 2021 the top imports of NIZHNY NOVGOROD REGION were Packaged Medicaments ($22.2M), Vehicle Parts ($12.4M), Large Construction Vehicles ($8.55M), Scented Mixtures ($8.37M), and Seats ($7.57M).
Destinations In June 2021, NIZHNY NOVGOROD REGION exported mostly to Netherlands ($118M), Belarus ($60M), Bangladesh ($39.4M), Kazakhstan ($37.7M), and China ($31.3M), and imported mostly from China ($52.8M), Germany ($33.5M), France ($21.5M), Belarus ($19.6M), and Italy ($13.1M).
Growth In June 2021, the increase in NIZHNY NOVGOROD REGION's year-by-year exports was explained primarily by an increase in exports to Netherlands ($101M or 619%), Bangladesh ($23.3M or 145%), and Poland ($16.9M or 166%), and product exports increase in Refined Petroleum ($98.6M or 356%), Other Heating Machinery ($16.6M or 6.55k%), and Telephones ($11.9M or 122k%). In June 2021, the increase in NIZHNY NOVGOROD REGION's year-by-year imports was explained primarily by an increase in imports from China ($21.6M or 69.2%), Germany ($9.48M or 39.4%), and France ($9M or 72.1%), and product imports increase in Large Construction Vehicles ($8.34M or 4.03k%), Vehicle Parts ($5.68M or 83.9%), and Scented Mixtures ($4.77M or 133%).