Overview: In November 2020 REPUBLIC OF TATARSTAN exported $537M and imported $374M, resulting in a positive trade balance of $164M. Between November 2019 and November 2020 the exports of REPUBLIC OF TATARSTAN have decreased by $-392M (-42.2%) from $929M to $537M, while imports increased by $108M (40.4%) from $266M to $374M.
Trade: In November 2020, the top exports of REPUBLIC OF TATARSTAN were Refined Petroleum ($146M), Crude Petroleum ($144M), Synthetic Rubber ($77.7M), Ethylene Polymers ($13.3M), and Rubber Tires ($12M). In November 2020 the top imports of REPUBLIC OF TATARSTAN were Vehicle Parts ($81.1M), Other Heating Machinery ($20.7M), Combustion Engines ($19.6M), Large Construction Vehicles ($9.7M), and Centrifuges ($8.65M).
Destinations: In November 2020, REPUBLIC OF TATARSTAN exported mostly to Belarus ($87M), Kazakhstan ($53.3M), Netherlands ($51.3M), Poland ($30.9M), and Germany ($23.5M), and imported mostly from Germany ($98M), China ($55.3M), United States ($35M), South Korea ($25.9M), and Turkey ($25.1M).
Growth: In November 2020, the decrease in REPUBLIC OF TATARSTAN's year-by-year exports was explained primarily by an decrease in exports to Poland ($-156M or -83.4%), Finland ($-57.8M or -84.6%), and United Kingdom ($-37.3M or -83.3%), and product exports decrease in Crude Petroleum ($-228M or -61.2%), Refined Petroleum ($-147M or -50.2%), and Rubber Tires ($-7.59M or -38.7%). In November 2020, the increase in REPUBLIC OF TATARSTAN's year-by-year imports was explained primarily by an increase in imports from Germany ($31.9M or 48.3%), South Korea ($23.1M or 838%), and China ($13.5M or 32.4%), and product imports increase in Vehicle Parts ($35.4M or 77.4%), Other Heating Machinery ($20.3M or 5.16k%), and Large Construction Vehicles ($6.41M or 195%).