Overview: In November 2020 PENZA REGION exported $31M and imported $22.3M, resulting in a positive trade balance of $8.71M. Between November 2019 and November 2020 the exports of PENZA REGION have decreased by $-10.1M (-24.6%) from $41.1M to $31M, while imports increased by $4.17M (22.9%) from $18.2M to $22.3M.
Trade: In November 2020, the top exports of PENZA REGION were Other Furniture ($3.7M), Chocolate ($3.54M), Starch Residue ($3.01M), Raw Aluminium ($2.86M), and Pig Meat ($1.91M). In November 2020 the top imports of PENZA REGION were Sulfate Chemical Woodpulp ($2.51M), Other Nuts ($1.63M), Soil Preparation Machinery ($1.58M), Valves ($1.2M), and Raw Plastic Sheeting ($1.08M).
Destinations: In November 2020, PENZA REGION exported mostly to Kazakhstan ($5.85M), Belarus ($3.29M), Ukraine ($2.94M), China ($2.62M), and Japan ($1.94M), and imported mostly from China ($5.73M), Germany ($3.64M), Belarus ($2.02M), Azerbaijan ($1.66M), and South Korea ($1.24M).
Growth: In November 2020, the decrease in PENZA REGION's year-by-year exports was explained primarily by an decrease in exports to Latvia ($-1.22M or -43.8%), Uzbekistan ($-1.02M or -60.8%), and Kazakhstan ($-543k or -8.5%), and product exports decrease in Raw Sugar ($-1.23M or -95.5%), Rapeseed Oil ($-863k or -99.9%), and Confectionery Sugar ($-461k or -59.8%). In November 2020, the increase in PENZA REGION's year-by-year imports was explained primarily by an increase in imports from Azerbaijan ($1.1M or 197%), Germany ($1.05M or 40.6%), and Belarus ($847k or 72.1%), and product imports increase in Soil Preparation Machinery ($1.35M or 589%), Other Nuts ($1.08M or 193%), and Other Coloring Matter ($507k or 964%).