Russia / Iceland

Overview In January 2022, Russia exported $1.91M and imported $1.39M from Iceland, resulting in a positive trade balance of $515k. Between January 2021 and January 2022 the exports of Russia have increased by $1.06M (125%) from $850k to $1.91M, while imports decreased by $-518k (-27.1%) from $1.91M to $1.39M.

Trade In January 2022, the top exports of Russia to Iceland were Carbon-based Electronics ($464k), Refined Petroleum ($249k), Other Plastic Sheetings ($43.8k), Sawn Wood ($43.8k), and Rubber Footwear ($13.2k). In January 2022 the top imports of Russia from Iceland were Electrical Control Boards ($1.18M), Sheep and Goat Meat ($224k), Processed Fish ($147k), Fish Oil ($111k), and Other Electrical Machinery ($95.2k).

Origins In January 2022 the exports of Russia were mainly from NOVOSIBIRSK REGION ($947k), KALUGA REGION ($810k), SVERDLOVSK REGION ($50.2k), ST. PETERSBURG ($43.9k), and VOLGOGRAD REGION ($31.3k), while imports destinations were mainly MOSCOW REGION ($443k), ST. PETERSBURG ($352k), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($316k), PRIMORYE TERRITORY ($191k), and PSKOV REGION ($72.5k).

Growth In January 2022, the increase in Russia's year-by-year exports to Iceland was explained primarily by an increase in product exports in Carbon-based Electronics ($195k or 72.6%) and Other Plastic Sheetings ($30.4k or 226%). In January 2022, the decrease in Russia's year-by-year imports  from Iceland was explained primarily by an decrease in product imports  in Scales ($-179k or -97%), Sheep and Goat Meat ($-118k or -34.5%), and Orthopedic Appliances ($-41.2k or -36.9%).