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Federal subject in NORTH WEST FEDERAL DISTRICT, district of Russia

2021
Economic
Complexity -0.28Rank 36 of 61
Jan 2022
Trade
Exports | Imports $209M | $37.9M32 of 85 | 46 of 83
Jan 2022
Country
Destination | Origin Brazil | China $69.3M  | $15.2M

About

Overview This page contains the latest international trade data for NOVGOROD REGION. In January 2022 NOVGOROD REGION was the number 32 in total exports and the number 44 in total imports in Russia.

Exports In 2021, Russia's Novgorod Region exported $209M, making it the 32nd largest exporter out of the 85 exporters in Russia. In 2021 the top exports of Novgorod Region were Nitrogen-phosphorus-potassium fertilizers, pack >10kg ($844M), Urea, including aqueous solution in packs... ($419M), Urea-ammonium nitrate mixes in solution, pack... ($394M), Ammonium nitrate, including solution, in pack... ($352M), and Plywood; with sheets of wood only;... ($115M).

Imports In 2021, Russia's Novgorod Region imported $37.9M, making it the 44th largest importer out of the 85 importers in Russia. In 2021 top imports of Novgorod Region were Footwear, sole rubber, plastics uppers of... ($77.8M), Boots, sole rubber or plastic upper... ($31.2M), Paper and paperboard: multi-ply, coated with... ($28.4M), Footwear,sole rubber/plastic,upper textile, not sport ($27.5M), and Non-cellular ethylene propylene sheets ($27.5M).

Economic Complexity In 2021, the highest complexity exports of Novgorod Region according to the product complexity index (PCI) are Amino-resins (1.21), Refractory Bricks (0.72), Refractory Cements (0.61), Glass Fibers (0.5), Antifreeze (0.43), Brooms (0.28), Wood Carpentry (0.21), Other Uncoated Paper (0.19), Dental Products (0.19), and Particle Board (0.17). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

January, 2022

About

Overview In January 2022 NOVGOROD REGION exported $209M and imported $37.9M, resulting in a positive trade balance of $171M. Between January 2021 and January 2022 the exports of NOVGOROD REGION have increased by $114M (120%) from $94.9M to $209M, while imports decreased by $-7.02M (-15.6%) from $44.9M to $37.9M.

Trade In January 2022, the top exports of NOVGOROD REGION were Nitrogenous Fertilizers ($116M), Mixed Mineral or Chemical Fertilizers ($53.9M), Plywood ($9.08M), Sawn Wood ($6.4M), and Paper Containers ($4.02M). In January 2022 the top imports of NOVGOROD REGION were Rubber Footwear ($3.59M), Textile Footwear ($3.43M), Leather Footwear ($3.31M), Raw Plastic Sheeting ($2.45M), and Kaolin Coated Paper ($1.94M).

Destinations In January 2022, NOVGOROD REGION exported mostly to Brazil ($69.3M), China ($16.2M), Canada ($15.9M), Romania ($13.5M), and Hong Kong ($13.2M), and imported mostly from China ($15.2M), Italy ($3.8M), Finland ($2.79M), Germany ($1.83M), and India ($1.73M).

Growth In January 2022, the increase in NOVGOROD REGION's year-by-year exports was explained primarily by an increase in exports to Brazil ($17.9M or 73.2%), United States ($2.12M or 296%), and Poland ($1.44M or 100%), and product exports increase in Nitrogenous Fertilizers ($5.99M or 21.4%), Fuel Wood ($1.01M or 55.6%), and Frozen Fruits and Nuts ($373k or 722%). In January 2022, the decrease in NOVGOROD REGION's year-by-year imports was explained primarily by an decrease in imports from China ($-6.01M or -30%), Spain ($-1.44M or -91.8%), and South Korea ($-650k or -54%), and product imports decrease in Leather Footwear ($-4.33M or -23.4%), Machinery Having Individual Functions ($-1.39M or -98.4%), and Synthetic Coloring Matter ($-640k or -99.2%).

Latest Data

Time Scale
Flow
Color
Depth
EXPORT GROWTH (January 2021 - January 2022)$114M(120%)
IMPORT GROWTH (January 2021 - January 2022)$-7.02M(-15.6%)

This section shows exports and imports data at subnational level for NOVGOROD REGION. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of NOVGOROD REGION over time.

For full datasets download visit Bulk Download page.

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NOVGOROD REGION's Monthly Exports
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NOVGOROD REGION's Products Exports (Jan 2022)
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NOVGOROD REGION's Exports Destinations (Jan 2022)
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Historical Data

Yearly Exports

Color
Depth
Top Destination (2021)Brazil$743M
Top Product (2021)Nitrogen-phosphorus-potassium fertilizers, pack >10kg$844M

In 2021 the top export destinations of Novgorod Region were Brazil ($743M), United States ($472M), Hong Kong ($205M), China ($162M), and Finland ($128M).

In 2021 the top exports of Novgorod Region were Nitrogen-phosphorus-potassium fertilizers, pack >10kg ($844M), Urea, including aqueous solution in packs... ($419M), Urea-ammonium nitrate mixes in solution, pack... ($394M), Ammonium nitrate, including solution, in pack... ($352M), and Plywood; with sheets of wood only;... ($115M).

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Exports (2021)
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Destinations (2021)
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Exports Dynamics

Fastest Growing Exports Destination (Jan 2021 - Jan 2022)
Brazil $27M (64%)
Canada $15.7M (13.5k%)
Hong Kong $13.1M (12.2k%)
Rapidly Declining Export Origins (Jan 2021 - Jan 2022)
Thailand -$2.65M (-99.4%)
Kenya -$1.92M (-67.5%)
United States -$1.66M (-58.8%)

Export Destinations of NOVGOROD REGION (Jan 2021 - Jan 2022)

Yearly Imports

Color
Depth
Top Origin (2021)China$172M
Top Import (2021)Footwear, sole rubber, plastics uppers of...$77.8M

In 2021 the top import origins of Novgorod Region were China ($172M), Italy ($63.9M), Finland ($37.5M), Germany ($34.3M), and Indonesia ($32.8M).

In 2021 the top imports of Novgorod Region were Footwear, sole rubber, plastics uppers of... ($77.8M), Boots, sole rubber or plastic upper... ($31.2M), Paper and paperboard: multi-ply, coated with... ($28.4M), Footwear,sole rubber/plastic,upper textile, not sport ($27.5M), and Non-cellular ethylene propylene sheets ($27.5M).

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Imports (2021)
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Origins (2021)
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Imports Dynamics

Fastest Growing Import Origins (Jan 2021 - Jan 2022)
Spain $1.46M (1.14k%)
China $1.18M (8.42%)
India $1M (138%)
Rapidly Declining Import Origins (Jan 2021 - Jan 2022)
Thailand -$2.39M (-96.1%)
Sweden -$1.86M (-82.6%)
Slovakia -$1.54M (-71.1%)

Import Origins of NOVGOROD REGION (Jan 2021 - Jan 2022)

Economic Complexity

Economic Complexity of Novgorod Region

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Economic Complexity (2021)-0.28

Novgorod Region ranks 36th out of the 85 districts in Russia according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

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ECI comparison Russia between districts (2021)

Economic Complexity Ranking

Value

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

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ECI Rank by Subnat Geography

Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Novgorod Region already has a comparative advantage, are led by Buckwheat (0.056), Processed Cereals (0.054), Gravel and Crushed Stone (0.054), Margarine (0.054), and Processed Fish (0.054).

Most Complex Products by PCI

The highest complexity exports of Novgorod Region according to the product complexity index (PCI) are Amino-resins (1.21), Refractory Bricks (0.72), Refractory Cements (0.61), Glass Fibers (0.5), Antifreeze (0.43), Brooms (0.28), Wood Carpentry (0.21), Other Uncoated Paper (0.19), Dental Products (0.19), and Particle Board (0.17). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Nitrogenous Fertilizers (231.42), Mixed Mineral or Chemical Fertilizers (201.88), Plywood (49.53), Dental Products (24.69), and Particle Board (22.48).

Product Space

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 Novgorod 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

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

Diversification Frontier

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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. Bubble size corresponds to exports value by year 2020.

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