Overview: In November 2020 OREL REGION exported $35M and imported $20.2M, resulting in a positive trade balance of $14.8M. Between November 2019 and November 2020 the exports of OREL REGION have increased by $16.3M (87.2%) from $18.7M to $35M, while imports decreased by $-15.5M (-43.3%) from $35.7M to $20.2M.
Trade: In November 2020, the top exports of OREL REGION were Packaged Medicaments ($8.59M), Wheat ($5.11M), Unglazed Ceramics ($2.36M), Sunflower Seeds ($1.8M), and Soybeans ($1.74M). In November 2020 the top imports of OREL REGION were Prepared Pigments ($1.27M), Frozen Bovine Meat ($1.12M), Clays ($1.07M), Polycarboxylic Acids ($1.05M), and Vinyl Chloride Polymers ($930k).
Destinations: In November 2020, OREL REGION exported mostly to Latvia ($9.79M), Germany ($9.28M), Belarus ($4.51M), Kazakhstan ($1.91M), and Azerbaijan ($1.79M), and imported mostly from Belarus ($5.4M), Ukraine ($2.77M), Italy ($2.64M), Germany ($2.39M), and China ($1.97M).
Growth: In November 2020, the increase in OREL REGION's year-by-year exports was explained primarily by an increase in exports to Germany ($7.85M or 546%), Latvia ($6.14M or 168%), and Belarus ($1.04M or 30.1%), and product exports increase in Wheat ($4.69M or 1.1k%), Malt ($1.54M or 18.2k%), and Specialized Vehicles ($1.5M or 2.77k%). In November 2020, the decrease in OREL REGION's year-by-year imports was explained primarily by an decrease in imports from Germany ($-11.1M or -82.3%), Italy ($-1.96M or -42.7%), and Turkey ($-1.27M or -66.8%), and product imports decrease in Washing and Bottling Machines ($-6.67M or -99.9%), Machinery Having Individual Functions ($-5.97M or -98.5%), and Medical Instruments ($-1.22M or -75.4%).