Overview: In December 2020 TULA REGION exported $620M and imported $125M, resulting in a positive trade balance of $495M. Between December 2019 and December 2020 the exports of TULA REGION have increased by $126M (25.6%) from $494M to $620M, while imports increased by $31.5M (33.6%) from $93.8M to $125M.
Trade: In December 2020, the top exports of TULA REGION were Commodities not elsewhere specified ($400M), Pig Iron ($77.7M), Nitrogenous Fertilizers ($45.3M), Acyclic Alcohols ($11.6M), and Inorganic Salts ($8.46M). In December 2020 the top imports of TULA REGION were Vehicle Parts ($26.9M), Spark-Ignition Engines ($5.87M), Palm Oil ($5.07M), Citrus ($3.79M), and Non-woven Textiles ($3M).
Destinations: In December 2020, TULA REGION exported mostly to Uganda ($136M), Algeria ($109M), United Arab Emirates ($101M), India ($67.1M), and China ($37.5M), and imported mostly from China ($60M), Germany ($9.39M), Turkey ($5.29M), Indonesia ($5.14M), and Belarus ($5.12M).
Growth: In December 2020, the increase in TULA REGION's year-by-year exports was explained primarily by an increase in exports to India ($59M or 727%), China ($34.7M or 1.2k%), and Brazil ($24.1M or 240k%), and product exports increase in Commodities not elsewhere specified ($108M or 37.1%), Pig Iron ($17M or 28%), and Nitrogenous Fertilizers ($6.79M or 17.6%). In December 2020, the increase in TULA REGION's year-by-year imports was explained primarily by an increase in imports from China ($43M or 254%), Indonesia ($3.34M or 186%), and South Africa ($1.4M or 15k%), and product imports increase in Vehicle Parts ($22.5M or 512%), Spark-Ignition Engines ($4.59M or 358%), and Palm Oil ($4.03M or 384%).