REPUBLIC OF MORDOVIA

Overview In January 2022 REPUBLIC OF MORDOVIA exported $17.9M and imported $5.68M, resulting in a positive trade balance of $12.2M. Between January 2021 and January 2022 the exports of REPUBLIC OF MORDOVIA have increased by $1.57M (9.61%) from $16.3M to $17.9M, while imports decreased by $-1.71M (-23.2%) from $7.4M to $5.68M.

Trade In January 2022, the top exports of REPUBLIC OF MORDOVIA were Plywood ($5.14M), Raw Aluminium ($2.15M), Insulated Wire ($1.34M), Aluminium Wire ($1.24M), and Locomotive Parts ($1.09M). In January 2022 the top imports of REPUBLIC OF MORDOVIA were Scrap Copper ($1.49M), Glass Balls ($581k), Glands and Other Organs ($540k), Machinery Having Individual Functions ($271k), and Semiconductor Devices ($181k).

Destinations In January 2022, REPUBLIC OF MORDOVIA exported mostly to Kazakhstan ($4.73M), United States ($1.96M), Japan ($1.28M), Ukraine ($1.28M), and Belarus ($1.09M), and imported mostly from China ($1.63M), Kyrgyzstan ($1.13M), Belarus ($834k), Japan ($577k), and Estonia ($270k).

Growth In January 2022, the increase in REPUBLIC OF MORDOVIA's year-by-year exports was explained primarily by an increase in exports to Kazakhstan ($2.12M or 157%), South Korea ($173k or 307%), and Taiwan ($151k or 809%), and product exports increase in Locomotive Parts ($471k or 140%), Semiconductor Devices ($208k or 141%), and Raw Aluminium ($198k or 29%). In January 2022, the decrease in REPUBLIC OF MORDOVIA's year-by-year imports was explained primarily by an decrease in imports from China ($-4.17M or -62.5%), Germany ($-1.61M or -83.1%), and Japan ($-506k or -48.2%), and product imports decrease in Semiconductor Devices ($-5.27M or -95.9%), Glass Balls ($-732k or -72.7%), and Other Measuring Instruments ($-478k or -99.9%).