Overview: In November 2020 PSKOV REGION exported $25.1M and imported $27.6M, resulting in a negative trade balance of $2.58M. Between November 2019 and November 2020 the exports of PSKOV REGION have increased by $9.33M (59.3%) from $15.7M to $25.1M, while imports increased by $3.91M (16.5%) from $23.7M to $27.6M.
Trade: In November 2020, the top exports of PSKOV REGION were Scrap Iron ($9.76M), Pig Meat ($3.01M), Sawn Wood ($1.37M), Electric Soldering Equipment ($831k), and Fish Fillets ($724k). In November 2020 the top imports of PSKOV REGION were Soybean Meal ($3.32M), Lifting Machinery ($1.46M), Large Iron Containers ($1.13M), Other Agricultural Machinery ($1.09M), and Cigarette Paper ($942k).
Destinations: In November 2020, PSKOV REGION exported mostly to Belarus ($12.7M), Vietnam ($3.17M), Latvia ($1.62M), Estonia ($1.45M), and Kazakhstan ($908k), and imported mostly from Belarus ($5.25M), Italy ($4.18M), Argentina ($3.32M), Spain ($2.38M), and Germany ($2.09M).
Growth: In November 2020, the increase in PSKOV REGION's year-by-year exports was explained primarily by an increase in exports to Belarus ($4.66M or 57.9%), Poland ($456k or 701%), and Hong Kong ($297k or 128%), and product exports increase in Scrap Iron ($4.98M or 104%), Petroleum Gas ($422k or 2.21k%), and Edible Offal ($394k or 248%). In November 2020, the increase in PSKOV REGION's year-by-year imports was explained primarily by an increase in imports from Argentina ($2.91M or 703%), Italy ($2.33M or 126%), and Belarus ($1.07M or 25.7%), and product imports increase in Lifting Machinery ($1.36M or 1.29k%), Iron Structures ($660k or 894%), and Washing and Bottling Machines ($632k or 14k%).