Overview: In November 2020 VORONEZH REGION exported $109M and imported $94.1M, resulting in a positive trade balance of $14.5M. Between November 2019 and November 2020 the exports of VORONEZH REGION have increased by $19.5M (21.9%) from $89.1M to $109M, while imports increased by $20.6M (28.1%) from $73.5M to $94.1M.
Trade: In November 2020, the top exports of VORONEZH REGION were Seed Oils ($16.6M), Synthetic Rubber ($14.3M), Wheat ($12.6M), Ammonia ($10M), and Starch Residue ($6.08M). In November 2020 the top imports of VORONEZH REGION were Soil Preparation Machinery ($6.84M), Washing and Bottling Machines ($6.59M), Baked Goods ($4.72M), Industrial Food Preperation Machinery ($4.44M), and Other Heating Machinery ($3.44M).
Destinations: In November 2020, VORONEZH REGION exported mostly to Ukraine ($19.9M), Latvia ($9.32M), Turkey ($7.62M), Uzbekistan ($7.51M), and Yemen ($6.6M), and imported mostly from China ($19M), Germany ($14.7M), Belarus ($11.9M), Sweden ($6.21M), and Netherlands ($5.53M).
Growth: In November 2020, the increase in VORONEZH REGION's year-by-year exports was explained primarily by an increase in exports to Ukraine ($11.6M or 140%), Latvia ($6.09M or 188%), and Turkey ($3.16M or 70.7%), and product exports increase in Seed Oils ($9.77M or 143%), Ammonia ($9.16M or 1.09k%), and Propylene Polymers ($2.97M or 254%). In November 2020, the increase in VORONEZH REGION's year-by-year imports was explained primarily by an increase in imports from Germany ($5.9M or 67.1%), Netherlands ($3.78M or 216%), and Sweden ($2.85M or 84.5%), and product imports increase in Washing and Bottling Machines ($6.53M or 11.2k%), Other Heating Machinery ($3.06M or 793%), and Industrial Food Preperation Machinery ($2.8M or 171%).