Overview: In November 2020 UDMURTIAN REPUBLIC exported $23.8M and imported $40.2M, resulting in a negative trade balance of $16.4M. Between November 2019 and November 2020 the exports of UDMURTIAN REPUBLIC have decreased by $-161M (-87.1%) from $185M to $23.8M, while imports increased by $9.33M (30.2%) from $30.9M to $40.2M.
Trade: In November 2020, the top exports of UDMURTIAN REPUBLIC were Cars ($4.08M), Crude Petroleum ($2.2M), Commodities not elsewhere specified ($2.08M), Raw Iron Bars ($2.07M), and Other Furniture ($1.36M). In November 2020 the top imports of UDMURTIAN REPUBLIC were Vehicle Parts ($7.6M), Telephones ($2.05M), Iron Structures ($1.95M), Zirconium ($1.94M), and Iron Fasteners ($1.78M).
Destinations: In November 2020, UDMURTIAN REPUBLIC exported mostly to Kazakhstan ($6.61M), Belarus ($5.01M), Indonesia ($1.37M), Belgium ($1.25M), and Uzbekistan ($1.06M), and imported mostly from China ($11.3M), Poland ($4.75M), Romania ($4.36M), Germany ($3.71M), and France ($2.42M).
Growth: In November 2020, the decrease in UDMURTIAN REPUBLIC's year-by-year exports was explained primarily by an decrease in exports to Ukraine ($-324k or -50.2%), Bulgaria ($-179k or -46.4%), and Armenia ($-152k or -62.4%), and product exports decrease in Commodities not elsewhere specified ($-154M or -98.7%), Other Steel Bars ($-1.08M or -64.7%), and Liquid Pumps ($-545k or -41.8%). In November 2020, the increase in UDMURTIAN REPUBLIC's year-by-year imports was explained primarily by an increase in imports from China ($4.45M or 64.7%), Romania ($2.13M or 95.3%), and Poland ($1.34M or 39.4%), and product imports increase in Vehicle Parts ($1.58M or 26.2%), Telephones ($1.41M or 220%), and Iron Fasteners ($878k or 97.5%).