Overview: In November 2020 REPUBLIC OF INGUSHETIA exported $331k and imported $1.2M, resulting in a negative trade balance of $871k. Between November 2019 and November 2020 the exports of REPUBLIC OF INGUSHETIA have increased by $97.4k (41.8%) from $233k to $331k, while imports increased by $432k (56.1%) from $770k to $1.2M.
Trade: In November 2020, the top exports of REPUBLIC OF INGUSHETIA were Other Aluminium Products ($175k), Wheat Flours ($88.6k), Sawn Wood ($43.4k), Interchangeable Tool Parts ($17.9k), and Iron Radiators ($5.92k). In November 2020 the top imports of REPUBLIC OF INGUSHETIA were Prefabricated Buildings ($500k), Netting ($296k), Other Plastic Products ($182k), Iron Radiators ($105k), and Porcelain Tableware ($33.4k).
Destinations: In November 2020, REPUBLIC OF INGUSHETIA exported mostly to Azerbaijan ($115k), Unknown ($88.6k), Kazakhstan ($40.3k), Kyrgyzstan ($26.7k), and Germany ($25k), and imported mostly from Italy ($511k), Netherlands ($502k), China ($105k), Turkey ($48.9k), and Belarus ($33.4k).
Growth: In November 2020, the increase in REPUBLIC OF INGUSHETIA's year-by-year exports was explained primarily by an increase in exports to Kyrgyzstan ($11.7k or 78.2%), and product exports increase in Other Aluminium Products ($167k or 2.16k%) and Sawn Wood ($1.56k or 3.72%). In November 2020, the increase in REPUBLIC OF INGUSHETIA's year-by-year imports was explained primarily by an increase in imports from Turkey ($20.5k or 72%) and Belarus ($10.1k or 43.1%), and product imports increase in Iron Radiators ($26.3k or 33.6%), Porcelain Tableware ($10.1k or 43.1%), and Iron Pipe Fittings ($2.5k or 8.92%).