Overview: In November 2020 SMOLENSK REGION exported $91.4M and imported $205M, resulting in a negative trade balance of $113M. Between November 2019 and November 2020 the exports of SMOLENSK REGION have decreased by $-7.99M (-8.04%) from $99.4M to $91.4M, while imports increased by $31.5M (18.2%) from $173M to $205M.
Trade: In November 2020, the top exports of SMOLENSK REGION were Wheat ($11M), Sunflower Seeds ($10.5M), Wood Fiberboard ($4.53M), Rapeseed Oil ($4.42M), and Electric Filament ($4.27M). In November 2020 the top imports of SMOLENSK REGION were Refined Petroleum ($29.9M), Cheese ($9.79M), Concentrated Milk ($9.71M), Ethylene Polymers ($5.17M), and Vehicle Parts ($5.16M).
Destinations: In November 2020, SMOLENSK REGION exported mostly to Belarus ($35.1M), Turkey ($18.2M), Germany ($5.27M), Bulgaria ($5.24M), and Norway ($4.28M), and imported mostly from Belarus ($162M), Germany ($9.22M), China ($6.51M), Italy ($4.87M), and Netherlands ($3.75M).
Growth: In November 2020, the decrease in SMOLENSK REGION's year-by-year exports was explained primarily by an decrease in exports to India ($-12.3M or -93.9%), Belarus ($-5.96M or -14.5%), and Brazil ($-3.79M or -67.8%), and product exports decrease in Mixed Mineral or Chemical Fertilizers ($-10.4M or -79.5%), Diamonds ($-6.44M or -89.6%), and Nitrogenous Fertilizers ($-4.94M or -76.5%). In November 2020, the increase in SMOLENSK REGION's year-by-year imports was explained primarily by an increase in imports from Belarus ($32.5M or 25.1%), Netherlands ($2.7M or 258%), and Kazakhstan ($939k or 1.15k%), and product imports increase in Refined Petroleum ($27.9M or 1.41k%), Cheese ($3.99M or 68.8%), and Rubberworking Machinery ($3.76M or 2.3k%).