Murmansk Region

Federal subject in NORTH WEST FEDERAL DISTRICT, district of Russia

Exports (2019): $3.96B, Rnk 21/85

Top Destination (2019): $1.52B, Netherlands

Top Export (2019): $1.24B, Nickel unwrought, not alloyed

Imports (2019): $293M, Rnk 52/85

Top Origin (2019): $72.8M, Norway

Top Import (2019): $41.7M, Animal feed preparations nes

Economic Complexity (2019): -1.25, Rnk 62 / 85

Overview: This page contains the latest international trade data for MURMANSK REGION, including export and import data.

Exports: In 2019, Russia's Murmansk Region exported $3.96B, making it the 21st largest exporter out of the 85 exporters in Russia. In 2019 the top exports of Murmansk Region were Nickel unwrought, not alloyed ($1.24B), Nickel mattes ($1.03B), Crabs, frozen ($436M), Natural calcium phosphates, ground ($253M), and Copper cathodes and sections of cathodes... ($194M).

Imports: In 2019, Russia's Murmansk Region imported $293M, making it the 52nd largest importer out of the 85 importers in Russia. In 2019 top imports of Murmansk Region were Animal feed preparations nes ($41.7M), Aluminium oxide, except artificial corundum ($37.3M), Fishing vessels and factory ships ($29.1M), Rubber; new pneumatic tyres, of a... ($22.9M), and Fish live, except trout, eel or... ($15.1M).

Economic Complexity: In 2019, the highest complexity exports of Murmansk Region according to the product complexity index (PCI) are Nickel Powder (-0.023), Aluminium Wire (-0.59), Scrap Iron (-0.64), Raw Nickel (-0.88), and Precipitated Copper (-1.1). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Top Destination (2019): Netherlands, $1.52B

Top Product (2019): Nickel unwrought, not alloyed, $1.24B

In 2019 the top export destinations of Murmansk Region were Netherlands ($1.52B), Finland ($936M), Switzerland ($773M), China ($152M), and Norway ($117M).

In 2019 the top exports of Murmansk Region were Nickel unwrought, not alloyed ($1.24B), Nickel mattes ($1.03B), Crabs, frozen ($436M), Natural calcium phosphates, ground ($253M), and Copper cathodes and sections of cathodes... ($194M).

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Export Dynamics

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Fastest Growing Exports Destination (August 2019 - August 2020)

Rapidly Declining Export Origins (August 2019 - August 2020)

Yearly Imports

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Depth
Year

Top Origin (2019): Norway, $72.8M

Top Import (2019): Animal feed preparations nes, $41.7M

In 2019 the top import origins of Murmansk Region were Norway ($72.8M), Turkey ($33.3M), Sweden ($19.5M), Italy ($19.2M), and Japan ($18M).

In 2019 the top imports of Murmansk Region were Animal feed preparations nes ($41.7M), Aluminium oxide, except artificial corundum ($37.3M), Fishing vessels and factory ships ($29.1M), Rubber; new pneumatic tyres, of a... ($22.9M), and Fish live, except trout, eel or... ($15.1M).

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Import Dynamics

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Fastest Growing Import Origins (September 2019 - September 2020)

Rapidly Declining Import Origins (September 2019 - September 2020)

Comparison in Time

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

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

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Economic Complexity

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Economic Complexity of Russia

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Murmansk Region ranks 62nd out of the 85 federal subjects in Russia according to ECI.

Estimated using exports data.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Murmansk Region already has a comparative advantage, are led by Molluscs (0.027), Refined Petroleum (0.023), Sawn Wood (0.021), Processed Fish (0.019), and Surveying Equipment (0.018).

Most Complex Products by PCI

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The highest complexity exports of Murmansk Region according to the product complexity index (PCI) are Nickel Powder (-0.023), Aluminium Wire (-0.59), Scrap Iron (-0.64), Raw Nickel (-0.88), and Precipitated Copper (-1.1). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Nickel Mattes (805), Raw Nickel (438), Precipitated Copper (371), Calcium Phosphates (349), and Niobium, Tantalum, Vanadium and Zirconium Ore (89.8).

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 Murmansk 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

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This network shows the products most related to the production structure of  Murmansk Region. These are products that tend to be co-exported with the products that Murmansk 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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Depth
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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.