Overview In July 2021 REPUBLIC OF MORDOVIA exported $33M and imported $7.89M, resulting in a positive trade balance of $25.1M. Between July 2020 and July 2021 the exports of REPUBLIC OF MORDOVIA have increased by $11.6M (54.5%) from $21.3M to $33M, while imports decreased by $-15.3M (-65.9%) from $23.1M to $7.89M.
Trade In July 2021, the top exports of REPUBLIC OF MORDOVIA were Plywood ($7.31M), Raw Aluminium ($6.67M), Railway Freight Cars ($4.45M), Corn ($1.65M), and Scrap Iron ($1.59M). In July 2021 the top imports of REPUBLIC OF MORDOVIA were Semiconductor Devices ($1.61M), Glass Balls ($881k), Hydrogen ($606k), Antibiotics ($507k), and Light Fixtures ($386k).
Destinations In July 2021, REPUBLIC OF MORDOVIA exported mostly to Kazakhstan ($7.78M), Japan ($3.72M), Ukraine ($3.1M), United States ($2.42M), and Belarus ($2.35M), and imported mostly from China ($3.44M), Japan ($884k), Germany ($560k), Belarus ($491k), and Kyrgyzstan ($486k).
Growth In July 2021, the increase in REPUBLIC OF MORDOVIA's year-by-year exports was explained primarily by an increase in exports to Japan ($2.63M or 242%), Ukraine ($2.17M or 232%), and Kazakhstan ($1.66M or 27%), and product exports increase in Raw Aluminium ($4.38M or 192%), Plywood ($4.34M or 146%), and Scrap Iron ($1.23M or 339%). In July 2021, the decrease in REPUBLIC OF MORDOVIA's year-by-year imports was explained primarily by an decrease in imports from China ($-7.02M or -67.1%), Japan ($-2.9M or -76.6%), and Italy ($-2.09M or -97.8%), and product imports decrease in Semiconductor Devices ($-7.41M or -82.1%), Machinery Having Individual Functions ($-1.34M or -96.1%), and Other Non-Metal Removal Machinery ($-689k or -94.7%).