Russia / Belgium

Overview In January 2022, Russia exported $660M and imported $163M from Belgium, resulting in a positive trade balance of $496M. Between January 2021 and January 2022 the exports of Russia have decreased by $-10.7M (-1.6%) from $670M to $660M, while imports increased by $48.4M (42.1%) from $115M to $163M.

Trade In January 2022, the top exports of Russia to Belgium were Semi-Finished Iron ($194M), Refined Petroleum ($180M), Diamonds ($119M), Petroleum Gas ($48.5M), and Commodities not elsewhere specified ($31.1M). In January 2022 the top imports of Russia from Belgium were Packaged Medicaments ($6.78M), Refined Petroleum ($4.97M), Chocolate ($3.98M), Other Organo-Inorganic Compounds ($3.87M), and Propylene Polymers ($3.26M).

Origins In January 2022 the exports of Russia were mainly from REPUBLIC OF SAKHA (YAKUTIA) ($117M), LIPETSK REGION ($112M), YAMAL-NENETS AUTONOMOUS AREA ($64.1M), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($56.4M), and VOLOGDA REGION ($49.7M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($83.4M), MOSCOW REGION ($24.1M), ST. PETERSBURG ($12M), SAMARA REGION ($6.37M), and REPUBLIC OF TATARSTAN ($5.73M).

Growth In January 2022, the decrease in Russia's year-by-year exports to Belgium was explained primarily by an decrease in product exports in Diamonds ($-122M or -50.7%), Refined Petroleum ($-90.9M or -33.5%), and Coal Tar Oil ($-26.6M or -99.8%). In January 2022, the increase in Russia's year-by-year imports  from Belgium was explained primarily by an increase in product imports  in Packaged Medicaments ($3.19M or 89%), Other Organo-Inorganic Compounds ($1.34M or 52.8%), and Animal Food ($1.33M or 91.2%).