Overview: In November 2020 REPUBLIC OF MARI EL exported $20.7M and imported $10.2M, resulting in a positive trade balance of $10.5M. Between November 2019 and November 2020 the exports of REPUBLIC OF MARI EL have increased by $3.3M (19%) from $17.4M to $20.7M, while imports increased by $1.7M (20.1%) from $8.45M to $10.2M.
Trade: In November 2020, the top exports of REPUBLIC OF MARI EL were Refined Petroleum ($6.15M), Refrigerators ($2.54M), Uncoated Kraft Paper ($2.24M), Iron Structures ($1.7M), and High-voltage Protection Equipment ($1.04M). In November 2020 the top imports of REPUBLIC OF MARI EL were Industrial Food Preperation Machinery ($2.11M), Eggs ($1.51M), Air Pumps ($1.36M), Padlocks ($490k), and Copper Pipes ($461k).
Destinations: In November 2020, REPUBLIC OF MARI EL exported mostly to Finland ($4.87M), Kazakhstan ($2.99M), Uzbekistan ($1.79M), Germany ($1.61M), and Belarus ($1.33M), and imported mostly from Netherlands ($2.15M), Germany ($1.82M), China ($909k), Italy ($797k), and Turkey ($708k).
Growth: In November 2020, the increase in REPUBLIC OF MARI EL's year-by-year exports was explained primarily by an increase in exports to Finland ($4.82M or 9.61k%), Uzbekistan ($1.3M or 263%), and Kazakhstan ($1.02M or 51.5%), and product exports increase in Refrigerators ($706k or 38.6%), Uncoated Kraft Paper ($675k or 43.1%), and Integrated Circuits ($358k or 246%). In November 2020, the increase in REPUBLIC OF MARI EL's year-by-year imports was explained primarily by an increase in imports from Netherlands ($992k or 85.6%), Germany ($811k or 80.5%), and Turkey ($633k or 844%), and product imports increase in Industrial Food Preperation Machinery ($1.72M or 446%), Air Pumps ($1.02M or 306%), and Padlocks ($328k or 203%).