Overview: In November 2020 REPUBLIC OF MORDOVIA exported $24.4M and imported $11.5M, resulting in a positive trade balance of $12.9M. Between November 2019 and November 2020 the exports of REPUBLIC OF MORDOVIA have increased by $2.27M (10.3%) from $22.1M to $24.4M, while imports increased by $511k (4.66%) from $11M to $11.5M.
Trade: In November 2020, the top exports of REPUBLIC OF MORDOVIA were Railway Freight Cars ($4.73M), Plywood ($3.46M), Raw Aluminium ($2.08M), Disc Chemicals for Electronics ($2.04M), and Corn ($1.5M). In November 2020 the top imports of REPUBLIC OF MORDOVIA were Semiconductor Devices ($2.19M), Locomotive Parts ($1.88M), Stone Processing Machines ($838k), Hydrogen ($786k), and Scrap Copper ($628k).
Destinations: In November 2020, REPUBLIC OF MORDOVIA exported mostly to Guinea ($3.51M), Kazakhstan ($3.46M), Unknown ($2.1M), China ($2.04M), and Japan ($1.76M), and imported mostly from China ($4.26M), Germany ($1.26M), Kyrgyzstan ($812k), United States ($788k), and Ukraine ($758k).
Growth: In November 2020, the increase in REPUBLIC OF MORDOVIA's year-by-year exports was explained primarily by an increase in exports to Japan ($1.54M or 730%), China ($785k or 62.4%), and India ($387k or 329%), and product exports increase in Disc Chemicals for Electronics ($834k or 69%), Railway Freight Cars ($652k or 16%), and Scrap Iron ($249k or 27.4%). In November 2020, the increase in REPUBLIC OF MORDOVIA's year-by-year imports was explained primarily by an increase in imports from China ($2.91M or 214%), Germany ($517k or 69.7%), and United States ($411k or 109%), and product imports increase in Semiconductor Devices ($2.06M or 1.64k%), Rubberworking Machinery ($365k or 47.1k%), and Industrial Food Preperation Machinery ($182k or 422%).