Overview: In November 2020 VOLOGDA REGION exported $271M and imported $55.9M, resulting in a positive trade balance of $215M. Between November 2019 and November 2020 the exports of VOLOGDA REGION have decreased by $-83.7M (-23.6%) from $355M to $271M, while imports decreased by $-21.6M (-27.9%) from $77.5M to $55.9M.
Trade: In November 2020, the top exports of VOLOGDA REGION were Mixed Mineral or Chemical Fertilizers ($90.8M), Iron Ore ($32M), Nitrogenous Fertilizers ($28.1M), Hot-Rolled Iron ($20.4M), and Rough Wood ($14.5M). In November 2020 the top imports of VOLOGDA REGION were Tractors ($7.64M), Ferroalloys ($4.31M), Butter ($4.23M), Lifting Machinery ($3.79M), and Large Flat-Rolled Stainless Steel ($3.19M).
Destinations: In November 2020, VOLOGDA REGION exported mostly to Finland ($42M), China ($19.2M), Belarus ($17.6M), India ($13.7M), and Latvia ($13M), and imported mostly from Belarus ($9.64M), Italy ($6.8M), China ($5.99M), Germany ($5.71M), and Slovenia ($4.51M).
Growth: In November 2020, the decrease in VOLOGDA REGION's year-by-year exports was explained primarily by an decrease in exports to Poland ($-34.5M or -75.5%), Turkey ($-28.4M or -99.7%), and Brazil ($-16.8M or -73.3%), and product exports decrease in Hot-Rolled Iron ($-96.3M or -82.5%), Coated Flat-Rolled Iron ($-8.26M or -43.2%), and Calcium Phosphates ($-5.56M or -69.4%). In November 2020, the decrease in VOLOGDA REGION's year-by-year imports was explained primarily by an decrease in imports from China ($-5.75M or -49%), Belarus ($-5.22M or -35.1%), and Japan ($-4.74M or -87.7%), and product imports decrease in Other Stone Articles ($-5.51M or -78.6%), Manganese ($-3.62M or -86.3%), and Machinery Having Individual Functions ($-3.28M or -91.8%).