Overview: In November 2020 TVER REGION exported $44.4M and imported $48.5M, resulting in a negative trade balance of $4.08M. Between November 2019 and November 2020 the exports of TVER REGION have increased by $20.1M (82.4%) from $24.4M to $44.4M, while imports increased by $7.01M (16.9%) from $41.5M to $48.5M.
Trade: In November 2020, the top exports of TVER REGION were Railway Passenger Cars ($22.7M), Sawn Wood ($1.54M), Raw Aluminium ($1.32M), Leather of Other Animals ($1.04M), and Pig Meat ($997k). In November 2020 the top imports of TVER REGION were Locomotive Parts ($4.55M), Coffee ($2.81M), Other Iron Products ($2.38M), Electric Motors ($1.96M), and Excavation Machinery ($1.69M).
Destinations: In November 2020, TVER REGION exported mostly to Egypt ($22.3M), Belarus ($4.85M), Kazakhstan ($2.24M), Ukraine ($2.04M), and United States ($1.16M), and imported mostly from China ($8.81M), Italy ($8.27M), Czechia ($4.07M), Belarus ($3.42M), and Germany ($3.25M).
Growth: In November 2020, the increase in TVER REGION's year-by-year exports was explained primarily by an increase in exports to United States ($725k or 168%), Kazakhstan ($649k or 40.8%), and Hungary ($578k or 120%), and product exports increase in Railway Passenger Cars ($22.2M or 4.6k%), Raw Aluminium ($691k or 111%), and Sawn Wood ($686k or 80.4%). In November 2020, the increase in TVER REGION's year-by-year imports was explained primarily by an increase in imports from Italy ($3.83M or 86.4%), Czechia ($3.21M or 374%), and Hungary ($2.1M or 478%), and product imports increase in Locomotive Parts ($4.16M or 1.05k%), Electric Motors ($1.93M or 8.18k%), and Glass Working Machines ($1.25M or 91k%).