Volgograd Region

Federal subject in Russia

Exports (2019): $1.09B, Rnk 33 / 85

Top Destination (2019): $130M, Ukraine

Top Export (2019): $154M, Light petroleum distillates nes

Imports (2019): $577M, Rnk 31 / 85

Top Origin (2019): $84.8M, China

Top Import (2019): $26.7M, Iron or non-alloy steel: in coils,...

Economic Complexity (2019): -0.22, Rnk 36 / 85

Exports: In 2019, Russia's Volgograd Region exported $1.09B, making it the 33rd largest exporter out of the 85 exporters in Russia.

In 2019 the top exports of Volgograd Region were Light petroleum distillates nes ($154M), Iron or steel (excluding cast iron... ($103M), Petroleum spirit for motor vehicles ($88.7M), Carbon (carbon blacks and other forms... ($74.8M), and Cigarettes containing tobacco ($40.8M).

Imports: In 2019, Russia's Volgograd Region imported $577M, making it the 31st largest importer out of the 85 importers in Russia.

In 2019 top imports of Volgograd Region were Iron or non-alloy steel: in coils,... ($26.7M), Aluminium oxide, except artificial corundum ($23.6M), Diesel powered trucks weighing > 20... ($23.4M), Agricultural, bee-keeping plant nes, germination plan ($22.7M), and Iron or non-alloy steel: (not in... ($21.2M).

Economic Complexity: In 2019, the highest complexity exports of Volgograd Region according to the product complexity index (PCI) are Ball Bearings (1.22), Rubber Pipes (0.94), Organo-Sulfur Compounds (0.83), Steel Ingots (0.7), and Other Plastic Sheetings (0.59). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Value
Depth

Top Destination (2019): Ukraine, $130M

Top Product (2019): Light petroleum distillates nes, $154M

In 2019 the top export destinations of Volgograd Region were Ukraine ($130M), United States ($105M), Kazakhstan ($95.1M), Turkey ($78.2M), and Azerbaijan ($60.2M).

In 2019 the top exports of Volgograd Region were Light petroleum distillates nes ($154M), Iron or steel (excluding cast iron... ($103M), Petroleum spirit for motor vehicles ($88.7M), Carbon (carbon blacks and other forms... ($74.8M), and Cigarettes containing tobacco ($40.8M).

Export Dynamics

#permalink to section

Fastest Growing Exports Destination (February 2019 - February 2020)

Rapidly Declining Export Origins (February 2019 - February 2020)

Value
Depth

Top Origin (2019): China, $84.8M

Top Import (2019): Iron or non-alloy steel: in coils,..., $26.7M

In 2019 the top import origins of Volgograd Region were China ($84.8M), Germany ($65.8M), Ukraine ($60.7M), Italy ($47.9M), and Kazakhstan ($46.5M).

In 2019 the top imports of Volgograd Region were Iron or non-alloy steel: in coils,... ($26.7M), Aluminium oxide, except artificial corundum ($23.6M), Diesel powered trucks weighing > 20... ($23.4M), Agricultural, bee-keeping plant nes, germination plan ($22.7M), and Iron or non-alloy steel: (not in... ($21.2M).

Import Dynamics

#permalink to section

Fastest Growing Import Origins (February 2019 - February 2020)

Rapidly Declining Import Origins (February 2019 - February 2020)

Comparison in Time

#permalink to section
Flow
Value

This section shows differences between total trade from VOLGOGRAD REGION throughout time.

Comparison Map

#permalink to section
Value

The federal subjects of Russia with the highest exports in 2019 were Moscow, The Capital Of Russian Federation ($142B), St. Petersburg ($19.6B), Khanty-mansiysk Autonomous Area ($13.9B), Sakhalin Region ($11.3B), and Kemerovo Region ($10.9B)

The federal subjects of Russia with the highest imports in 2019 were Moscow, The Capital Of Russian Federation ($78B), Moscow Region ($20.1B), St. Petersburg ($17.3B), Kaliningrad Region ($5.68B), and Kaluga Region ($4.92B)

This section shows a prediction for total exports and imports from VOLGOGRAD REGION. The Prediction is based in a Long Short-Term Memory Model constructed using monthly trade data.

Explore Predictions

Economic Complexity

#permalink to section

Economic Complexity of Russia

#permalink to section

Volgograd Region ranks 36th out of the 85 federal subjects in Russia according to ECI.

Estimated using exports data.

Economic Complexity Ranking

#permalink to section
Scale

The economic complexity of a territory can change year to year. Volgograd Region it is in position 36th considering its ECI in the last year.

Export Opportunities by Relatedness

#permalink to section

The top export opportunities according to the relatedness level, without considering those products were Volgograd Region already has a comparative advantage, are led by Crude Petroleum (0.11), Nitrogenous Fertilizers (0.088), Petroleum Gas (0.084), Margarine (0.084), and Raw Lead (0.083).

Most Complex Products by PCI

#permalink to section

The highest complexity exports of Volgograd Region according to the product complexity index (PCI) are Ball Bearings (1.22), Rubber Pipes (0.94), Organo-Sulfur Compounds (0.83), Steel Ingots (0.7), and Other Plastic Sheetings (0.59). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

#permalink to section

The most specialized products according to the RCA index are led by Carbon (291), Carbides (240), Sodium or Potassium Peroxides (116), Iron Pipes (115), and Steel Ingots (86.9).

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Volgograd Region is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

#permalink to section

This network shows the products most related to the production structure of  Volgograd Region. These are products that tend to be co-exported with the products that Volgograd Region exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

#permalink to section
Filter
Depth

The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.