Overview: In December 2020 TVER REGION exported $63.3M and imported $59.5M, resulting in a positive trade balance of $3.82M. Between December 2019 and December 2020 the exports of TVER REGION have increased by $19.5M (44.5%) from $43.8M to $63.3M, while imports increased by $11.7M (24.6%) from $47.8M to $59.5M.
Trade: In December 2020, the top exports of TVER REGION were Railway Passenger Cars ($40.1M), Sawn Wood ($1.86M), Leather of Other Animals ($1.42M), Plywood ($1.21M), and Raw Aluminium ($1.19M). In December 2020 the top imports of TVER REGION were Locomotive Parts ($4.58M), Coffee ($3.03M), Excavation Machinery ($2.88M), Transmissions ($2.72M), and Machinery Having Individual Functions ($2.06M).
Destinations: In December 2020, TVER REGION exported mostly to Egypt ($23.4M), Kazakhstan ($16M), Belarus ($5.06M), Hungary ($3.94M), and Ukraine ($2.19M), and imported mostly from China ($11.3M), Italy ($6.81M), Germany ($6.15M), Czechia ($4.67M), and Belarus ($3.73M).
Growth: In December 2020, the increase in TVER REGION's year-by-year exports was explained primarily by an increase in exports to Hungary ($3.46M or 714%), Japan ($761k or 482%), and Lithuania ($325k or 54.9%), and product exports increase in Railway Passenger Cars ($24.2M or 152%), Plywood ($809k or 204%), and Raw Furskins ($592k or 305%). In December 2020, the increase in TVER REGION's year-by-year imports was explained primarily by an increase in imports from Czechia ($3.19M or 215%), Germany ($2.45M or 66%), and Slovakia ($2.18M or 2.61k%), and product imports increase in Locomotive Parts ($3.6M or 366%), Electric Soldering Equipment ($1.8M or 4.08k%), and Machinery Having Individual Functions ($1.73M or 528%).