MAGADAN REGION

Overview In January 2022 MAGADAN REGION exported $44M and imported $4.7M, resulting in a positive trade balance of $39.3M. Between January 2021 and January 2022 the exports of MAGADAN REGION have increased by $10.1M (30%) from $33.9M to $44M, while imports decreased by $-444k (-8.64%) from $5.15M to $4.7M.

Trade In January 2022, the top exports of MAGADAN REGION were Precious Metal Ore ($41.5M), Non-fillet Frozen Fish ($2.48M), Animal Meal and Pellets ($47.6k), Oscilloscopes ($455), and Opto-Electric Instrument Parts ($170). In January 2022 the top imports of MAGADAN REGION were Cyanides ($1.1M), Hypochlorites ($1.01M), Excavation Machinery ($779k), Rubber Tires ($765k), and Stone Processing Machines ($151k).

Destinations In January 2022, MAGADAN REGION exported mostly to Kazakhstan ($30.1M), Japan ($10.7M), South Korea ($2.53M), and China ($616k), and imported mostly from China ($2.68M), South Korea ($1.1M), Italy ($318k), Indonesia ($132k), and Australia ($128k).

Growth In January 2022, the increase in MAGADAN REGION's year-by-year exports was explained primarily by an increase in exports to Kazakhstan ($14.3M or 98.9%) and South Korea ($1.06M or 83%), and product exports increase in Precious Metal Ore ($14M or 81.6%) and Crustaceans ($359k or 65.1%). In January 2022, the decrease in MAGADAN REGION's year-by-year imports was explained primarily by an decrease in imports from Italy ($-2.25M or -97.8%), Spain ($-218k or -100%), and United States ($-53.4k or -95.2%), and product imports decrease in Excavation Machinery ($-1.89M or -78.4%), Rubber Tires ($-220k or -55.6%), and Other Iron Products ($-191k or -99.7%).