Overview: In November 2020 SARATOV REGION exported $116M and imported $54.9M, resulting in a positive trade balance of $60.9M. Between November 2019 and November 2020 the exports of SARATOV REGION have increased by $48.9M (73.1%) from $66.9M to $116M, while imports decreased by $-11M (-16.7%) from $66M to $54.9M.
Trade: In November 2020, the top exports of SARATOV REGION were Seed Oils ($34.8M), Mixed Mineral or Chemical Fertilizers ($15.3M), Nitrile Compounds ($10.2M), Raw Iron Bars ($5.09M), and Railway Freight Cars ($4.2M). In November 2020 the top imports of SARATOV REGION were Palm Oil ($6.4M), Integrated Circuits ($4.74M), Cleaning Products ($2.98M), Ball Bearings ($2.89M), and Hydraulic Turbines ($2.66M).
Destinations: In November 2020, SARATOV REGION exported mostly to Turkey ($26.5M), Unknown ($19.1M), Kazakhstan ($16.1M), Germany ($7.07M), and Azerbaijan ($6.82M), and imported mostly from China ($11.1M), Indonesia ($6.84M), Germany ($4.9M), Malaysia ($3.41M), and Italy ($3.36M).
Growth: In November 2020, the increase in SARATOV REGION's year-by-year exports was explained primarily by an increase in exports to Turkey ($22.1M or 505%), Unknown ($13.9M or 272%), and Kazakhstan ($5.7M or 55%), and product exports increase in Seed Oils ($27.7M or 393%), Mixed Mineral or Chemical Fertilizers ($14.3M or 1.35k%), and Nitrile Compounds ($8.93M or 703%). In November 2020, the decrease in SARATOV REGION's year-by-year imports was explained primarily by an decrease in imports from Austria ($-17.5M or -85.7%), Ukraine ($-1.91M or -54.6%), and Belarus ($-1.29M or -38.5%), and product imports decrease in Hydraulic Turbines ($-18.2M or -87.3%), Locomotive Parts ($-1.28M or -98.3%), and Processed Tomatoes ($-818k or -79.8%).