Overview: In November 2020 VOLGOGRAD REGION exported $130M and imported $49.6M, resulting in a positive trade balance of $80.5M. Between November 2019 and November 2020 the exports of VOLGOGRAD REGION have increased by $6.9M (5.6%) from $123M to $130M, while imports decreased by $-5.11M (-9.34%) from $54.7M to $49.6M.
Trade: In November 2020, the top exports of VOLGOGRAD REGION were Refined Petroleum ($54.1M), Iron Pipes ($8.87M), Carbon ($7.81M), Other Small Iron Pipes ($4.39M), and Magnesium Hydroxide and Peroxide ($3.86M). In November 2020 the top imports of VOLGOGRAD REGION were Raw Tobacco ($4.5M), Delivery Trucks ($3.43M), Aluminium Oxide ($3.11M), Liquid Dispersing Machines ($2.67M), and Wadding ($1.85M).
Destinations: In November 2020, VOLGOGRAD REGION exported mostly to Ukraine ($47.4M), Turkey ($11.8M), Kazakhstan ($8.91M), Belarus ($5.44M), and Bulgaria ($4.34M), and imported mostly from China ($8.16M), Belarus ($5.77M), Italy ($5.04M), Ukraine ($4.64M), and Germany ($4.25M).
Growth: In November 2020, the increase in VOLGOGRAD REGION's year-by-year exports was explained primarily by an increase in exports to Ukraine ($41.3M or 674%), Turkey ($2.98M or 34%), and United Arab Emirates ($1.95M or 1.99k%), and product exports increase in Refined Petroleum ($36.5M or 208%), Magnesium Hydroxide and Peroxide ($1.24M or 47.7%), and Vinyl Chloride Polymers ($988k or 443%). In November 2020, the decrease in VOLGOGRAD REGION's year-by-year imports was explained primarily by an decrease in imports from Kazakhstan ($-6.96M or -86.8%), Lithuania ($-2.53M or -93.8%), and Spain ($-1.69M or -81.5%), and product imports decrease in Cold-Rolled Iron ($-5.19M or -84%), Hot-Rolled Iron ($-1.77M or -94.6%), and Forging Machines ($-1.72M or -99.3%).