Overview: In November 2020 TULA REGION exported $233M and imported $91.7M, resulting in a positive trade balance of $141M. Between November 2019 and November 2020 the exports of TULA REGION have decreased by $-107M (-31.5%) from $340M to $233M, while imports increased by $5.94M (6.93%) from $85.7M to $91.7M.
Trade: In November 2020, the top exports of TULA REGION were Commodities not elsewhere specified ($111M), Pig Iron ($21M), Nitrogenous Fertilizers ($17.6M), Acyclic Alcohols ($15.6M), and Inorganic Salts ($7.17M). In November 2020 the top imports of TULA REGION were Vehicle Parts ($12.7M), Eggs ($3.47M), Spark-Ignition Engines ($3.06M), Palm Oil ($2.98M), and Non-woven Textiles ($2.97M).
Destinations: In November 2020, TULA REGION exported mostly to Uganda ($81.5M), China ($19.7M), India ($18M), Belarus ($13.9M), and Estonia ($13.5M), and imported mostly from China ($34.3M), Germany ($11.5M), Belarus ($7.24M), Indonesia ($4.02M), and Turkey ($3.43M).
Growth: In November 2020, the decrease in TULA REGION's year-by-year exports was explained primarily by an decrease in exports to United Arab Emirates ($-57.5M or -85.5%), Algeria ($-9.4M or -96.4%), and Canada ($-8.22M or -99.8%), and product exports decrease in Commodities not elsewhere specified ($-50.5M or -31.2%), Nitrogenous Fertilizers ($-37.7M or -68.1%), and Other Measuring Instruments ($-2.85M or -86.5%). In November 2020, the increase in TULA REGION's year-by-year imports was explained primarily by an increase in imports from China ($16M or 88.1%), Germany ($4.09M or 55%), and South Africa ($2.49M or 306%), and product imports increase in Vehicle Parts ($7.92M or 167%), Iron Pipes ($1.98M or 19.2k%), and Spark-Ignition Engines ($1.69M or 124%).