Overview: In November 2020 ORENBURG REGION exported $108M and imported $32.2M, resulting in a positive trade balance of $75.4M. Between November 2019 and November 2020 the exports of ORENBURG REGION have decreased by $-89.6M (-45.5%) from $197M to $108M, while imports increased by $6.04M (23.1%) from $26.2M to $32.2M.
Trade: In November 2020, the top exports of ORENBURG REGION were Crude Petroleum ($25.7M), Refined Petroleum ($23.4M), Seed Oils ($13.8M), Asbestos ($8.25M), and Petroleum Coke ($4.88M). In November 2020 the top imports of ORENBURG REGION were Precipitated Copper ($10.3M), Trailers ($3.27M), Tractors ($2.06M), Grapes ($1.58M), and Wheat ($1.56M).
Destinations: In November 2020, ORENBURG REGION exported mostly to Belarus ($26.5M), Kazakhstan ($17.5M), Uzbekistan ($17M), Azerbaijan ($6.1M), and China ($5.47M), and imported mostly from Chile ($10.3M), United States ($5.52M), Kazakhstan ($3.68M), China ($3.13M), and Uzbekistan ($3.06M).
Growth: In November 2020, the decrease in ORENBURG REGION's year-by-year exports was explained primarily by an decrease in exports to China ($-26.6M or -83%), Kyrgyzstan ($-12.3M or -77.3%), and United States ($-7.2M or -91.3%), and product exports decrease in Pig Iron ($-64.4M or -97%), Refined Petroleum ($-15.4M or -39.6%), and Crude Petroleum ($-11.5M or -30.9%). In November 2020, the increase in ORENBURG REGION's year-by-year imports was explained primarily by an increase in imports from United States ($4.59M or 492%), Kazakhstan ($1.81M or 97%), and Taiwan ($816k or 212%), and product imports increase in Trailers ($3.27M or 529k%), Grapes ($1.57M or 36k%), and Wheat ($1.3M or 512%).