Overview: In November 2020 REPUBLIC OF ALTAI exported $5.37M and imported $654k, resulting in a positive trade balance of $4.72M. Between November 2019 and November 2020 the exports of REPUBLIC OF ALTAI have increased by $2.18M (68.1%) from $3.2M to $5.37M, while imports decreased by $-1.72M (-72.5%) from $2.37M to $654k.
Trade: In November 2020, the top exports of REPUBLIC OF ALTAI were Glands and Other Organs ($2.59M), Refined Petroleum ($1.28M), Wheat ($649k), Bovine ($517k), and Raw Sugar ($109k). In November 2020 the top imports of REPUBLIC OF ALTAI were Refined Petroleum ($290k), Knit Socks and Hosiery ($62.9k), Stone Processing Machines ($48.3k), Other Engines ($38.4k), and Metalworking Machine Parts ($36.9k).
Destinations: In November 2020, REPUBLIC OF ALTAI exported mostly to South Korea ($2.1M), Kazakhstan ($993k), Hong Kong ($489k), Singapore ($400k), and Uzbekistan ($366k), and imported mostly from Kazakhstan ($290k), Mongolia ($96.5k), Czechia ($84.5k), China ($48.5k), and Belarus ($48.3k).
Growth: In November 2020, the increase in REPUBLIC OF ALTAI's year-by-year exports was explained primarily by an increase in exports to South Korea ($1.3M or 163%), China ($204k or 130%), and Kyrgyzstan ($25.5k or 625%), and product exports increase in Glands and Other Organs ($1.08M or 71.7%), Bovine ($110k or 27.1%), and Seed Oils ($63k or 384%). In November 2020, the decrease in REPUBLIC OF ALTAI's year-by-year imports was explained primarily by an decrease in imports from Kazakhstan ($-1.18M or -80.2%), China ($-576k or -92.2%), and Slovakia ($-55.7k or -99.8%), and product imports decrease in Refined Petroleum ($-1.18M or -80.2%), Other Iron Products ($-16.3k or -49.1%), and Mattresses ($-16.3k or -97.2%).