Murmansk Region

Federal subject in NORTH WEST FEDERAL DISTRICT, district of Russia

2019
Economic
Complexity
: -1.17, Rank 63 of 64

Nov 2020
Trade
Exports | Imports
: $331M | $38M, 19 of 85 | 45 of 84

Nov 2020
Country
Destination | Origin
: Netherlands | Norway , $164M  | $21.3M

Nov 2020
Product
Exports | Imports
: Raw Nickel | Fishing Ships , $168M  | $10.3M

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

Exports: In 2020, Russia's Murmansk Region exported $3.35B, making it the 18th largest exporter out of the 85 exporters in Russia. In 2020 the top exports of Murmansk Region were Nickel unwrought, not alloyed ($1.27B), Nickel mattes ($723M), Crabs, frozen ($344M), Iron ore, concentrate, not iron pyrites,unagglomerate ($178M), and Natural calcium phosphates, ground ($177M).

Imports: In 2020, Russia's Murmansk Region imported $278M, making it the 50th largest importer out of the 85 importers in Russia. In 2020 top imports of Murmansk Region were Animal feed preparations nes ($61.8M), Aluminium oxide, except artificial corundum ($35.7M), Fish live, except trout, eel or... ($20.7M), Fishing vessels and factory ships ($17.9M), and Rubber; new pneumatic tyres, of a... ($16.7M).

Economic Complexity: In 2019, the highest complexity exports of Murmansk Region according to the product complexity index (PCI) are Nickel Powder (0.72), Raw Nickel (-0.43), Fishing Ships (-0.57), Scrap Iron (-0.6), and Aluminium Wire (-0.62). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Flow
Value
Reference Period

This section shows the differences between MURMANSK REGION's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Russia's country profile.

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Yearly Exports

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Value
Depth

Top Destination (2020): Netherlands, $1.44B

Top Product (2020): Nickel unwrought, not alloyed, $1.27B

In 2020 the top export destinations of Murmansk Region were Netherlands ($1.44B), Switzerland ($630M), Finland ($624M), China ($235M), and Lithuania ($83.4M).

In 2020 the top exports of Murmansk Region were Nickel unwrought, not alloyed ($1.27B), Nickel mattes ($723M), Crabs, frozen ($344M), Iron ore, concentrate, not iron pyrites,unagglomerate ($178M), and Natural calcium phosphates, ground ($177M).

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Exports Dynamics

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Fastest Growing Exports Destination (Nov 2019 - Nov 2020)

Rapidly Declining Export Origins (Nov 2019 - Nov 2020)

Yearly Imports

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Value
Depth

Top Origin (2020): Norway, $121M

Top Import (2020): Animal feed preparations nes, $61.8M

In 2020 the top import origins of Murmansk Region were Norway ($121M), Germany ($14.9M), Jamaica ($14.6M), Finland ($14.2M), and Japan ($12M).

In 2020 the top imports of Murmansk Region were Animal feed preparations nes ($61.8M), Aluminium oxide, except artificial corundum ($35.7M), Fish live, except trout, eel or... ($20.7M), Fishing vessels and factory ships ($17.9M), and Rubber; new pneumatic tyres, of a... ($16.7M).

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Imports Dynamics

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Fastest Growing Import Origins (Nov 2019 - Nov 2020)

Rapidly Declining Import Origins (Nov 2019 - Nov 2020)

Economic Complexity

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Economic Complexity of Russia

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Murmansk Region ranks 63rd out of the 85 districts in Russia according to ECI.

Estimated using exports data.

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Economic Complexity Ranking

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Scale

The economic complexity of a territory can change year to year. Murmansk Region it is in position 63rd considering its ECI in the last year.

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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 (0.026), Surveying Equipment (0.021), Refined Petroleum (0.021), Sawn Wood (0.021), and Processed Fish (0.02).

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 (0.72), Raw Nickel (-0.43), Fishing Ships (-0.57), Scrap Iron (-0.6), and Aluminium Wire (-0.62). 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 (817), Raw Nickel (418), Calcium Phosphates (362), Precipitated Copper (325), and Niobium, Tantalum, Vanadium and Zirconium Ore (84.1).

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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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.