Overview: In November 2020 REPUBLIC OF KARELIA exported $55.1M and imported $16.2M, resulting in a positive trade balance of $38.9M. Between November 2019 and November 2020 the exports of REPUBLIC OF KARELIA have increased by $2.56M (4.88%) from $52.5M to $55.1M, while imports increased by $4.62M (40%) from $11.6M to $16.2M.
Trade: In November 2020, the top exports of REPUBLIC OF KARELIA were Sawn Wood ($15.4M), Uncoated Kraft Paper ($12.1M), Fuel Wood ($5.1M), Large Iron Containers ($4.93M), and Sulfate Chemical Woodpulp ($4.32M). In November 2020 the top imports of REPUBLIC OF KARELIA were Industrial Printers ($2.68M), Other Heating Machinery ($1.48M), Delivery Trucks ($1.22M), Insulated Wire ($854k), and Metal Insulating Fittings ($650k).
Destinations: In November 2020, REPUBLIC OF KARELIA exported mostly to Finland ($14.1M), Turkey ($5.99M), China ($4.91M), Netherlands ($3.75M), and Estonia ($3.43M), and imported mostly from Czechia ($3.07M), Germany ($2.25M), Finland ($2.17M), Belarus ($1.6M), and Estonia ($1.48M).
Growth: In November 2020, the increase in REPUBLIC OF KARELIA's year-by-year exports was explained primarily by an increase in exports to Turkey ($4.79M or 399%), Egypt ($2.26M or 369%), and Finland ($1.95M or 16.1%), and product exports increase in Sawn Wood ($4.23M or 37.8%), Fish Fillets ($2.15M or 1.24k%), and Fuel Wood ($1.75M or 52.3%). In November 2020, the increase in REPUBLIC OF KARELIA's year-by-year imports was explained primarily by an increase in imports from Czechia ($2.81M or 1.11k%), Germany ($1.53M or 212%), and Ukraine ($683k or 16.1k%), and product imports increase in Other Heating Machinery ($1.48M or 93.9k%), Delivery Trucks ($1.09M or 845%), and Other Iron Products ($417k or 674%).