MURMANSK REGIONFederal subject in NORTH WEST FEDERAL DISTRICT, district of Russia
2021 Economic Complexity : -1.3, Rank 61 of 61
Jan 2022 Trade Exports | Imports: $1.07B | $82M, 8 of 85 | 28 of 83
Jan 2022 Country Destination | Origin: Netherlands | Finland , $997M | $40.1M
Jan 2022 Product Exports | Imports: Nickel unwrought, not alloyed | Copper mattes: cement copper (precipitated copper) , $970M | $37.6M
Overview This page contains the latest international trade data for MURMANSK REGION. In January 2022 MURMANSK REGION was the number 24 in total exports and the number 46 in total imports in Russia.
Exports In 2021, Russia's Murmansk Region exported $1.07B, making it the 24th largest exporter out of the 85 exporters in Russia. In 2021 the top exports of Murmansk Region were Nickel mattes ($1.08B), Crabs, frozen ($850M), Nickel unwrought, not alloyed ($783M), Iron ore, concentrate, not iron pyrites,unagglomerate ($523M), and Nickel ores and concentrates ($293M).
Imports In 2021, Russia's Murmansk Region imported $82M, making it the 46th largest importer out of the 85 importers in Russia. In 2021 top imports of Murmansk Region were Animal feed preparations nes ($108M), Copper mattes: cement copper (precipitated copper) ($79.7M), Aluminium oxide, except artificial corundum ($46.3M), Floating, submersible drilling or production platform ($28.2M), and Other Live Fish ($24.2M).
Economic Complexity In 2021, the highest complexity exports of Murmansk Region according to the product complexity index (PCI) are Nickel Powder (-0.085), Raw Nickel (-0.25), Fish Fillets (-1.33), Calcium Phosphates (-1.44), Cobalt (-1.51), Nickel Mattes (-1.65), Nickel Ore (-1.72), Non-fillet Frozen Fish (-1.74), Crustaceans (-2), and Niobium, Tantalum, Vanadium and Zirconium Ore (-2.5). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
January, 2022
Overview In January 2022 MURMANSK REGION exported $1.07B and imported $82M, resulting in a positive trade balance of $988M. Between January 2021 and January 2022 the exports of MURMANSK REGION have increased by $936M (698%) from $134M to $1.07B, while imports increased by $67.3M (459%) from $14.7M to $82M.
Trade In January 2022, the top exports of MURMANSK REGION were Raw Nickel ($970M), Non-fillet Frozen Fish ($30.5M), Calcium Phosphates ($28.1M), Refined Petroleum ($9.94M), and Aluminium Wire ($7.38M). In January 2022 the top imports of MURMANSK REGION were Precipitated Copper ($37.6M), Fishing Ships ($15.2M), Animal Food ($7.6M), Aluminium Oxide ($6.61M), and Rubber Tires ($3.33M).
Destinations In January 2022, MURMANSK REGION exported mostly to Netherlands ($997M), Lithuania ($14.3M), Norway ($12.7M), China ($11.9M), and Finland ($7.38M), and imported mostly from Finland ($40.1M), Norway ($23.1M), Ireland ($4.28M), Italy ($2.54M), and Japan ($2.38M).
Growth In January 2022, the increase in MURMANSK REGION's year-by-year exports was explained primarily by an increase in exports to China ($25.9M or 57.1%), Lithuania ($6.11M or 131%), and Belgium ($3.56M or 25.2%), and product exports increase in Iron Ore ($28.1M or 72.8%), Calcium Phosphates ($4.19M or 18.8%), and Scrap Iron ($1.37M or 32.2%). In January 2022, the increase in MURMANSK REGION's year-by-year imports was explained primarily by an increase in imports from Guinea ($2.48M or 3.62k%), Germany ($1.14M or 516%), and Jamaica ($844k or 41.8%), and product imports increase in Aluminium Oxide ($3.32M or 159%), Transmissions ($1.1M or 2.59k%), and Rubber Belting ($878k or 110k%).
EXPORT GROWTH (January 2021 - January 2022): $936M, (698%)
IMPORT GROWTH (January 2021 - January 2022): $67.3M, (459%)
This section shows exports and imports data at subnational level for MURMANSK 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 MURMANSK REGION over time.
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Top Destination (2021): Netherlands, $2.05B
Top Product (2021): Nickel mattes, $1.08B
In 2021 the top export destinations of Murmansk Region were Netherlands ($2.05B), Finland ($1.01B), China ($629M), Switzerland ($384M), and Belgium ($133M).
In 2021 the top exports of Murmansk Region were Nickel mattes ($1.08B), Crabs, frozen ($850M), Nickel unwrought, not alloyed ($783M), Iron ore, concentrate, not iron pyrites,unagglomerate ($523M), and Nickel ores and concentrates ($293M).
Fastest Growing Exports Destination (Jan 2021 - Jan 2022)
Rapidly Declining Export Origins (Jan 2021 - Jan 2022)
Top Origin (2021): Norway, $159M
Top Import (2021): Animal feed preparations nes, $108M
In 2021 the top import origins of Murmansk Region were Norway ($159M), Finland ($95.6M), Netherlands ($40.3M), Singapore ($28.4M), and Italy ($25.8M).
In 2021 the top imports of Murmansk Region were Animal feed preparations nes ($108M), Copper mattes: cement copper (precipitated copper) ($79.7M), Aluminium oxide, except artificial corundum ($46.3M), Floating, submersible drilling or production platform ($28.2M), and Other Live Fish ($24.2M).
Economic Complexity (2021): -1.3
Murmansk Region ranks 61st 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.
The economic complexity of a territory can change year to year. Murmansk Region it is in position 61st considering its ECI in the last year.
The top export opportunities according to the relatedness level, without considering those products were Murmansk Region already has a comparative advantage, are led by Raw Aluminium (0.028), Semi-Finished Iron (0.024), Tea (0.024), Rice (0.023), and Perfume Plants (0.023).
The highest complexity exports of Murmansk Region according to the product complexity index (PCI) are Nickel Powder (-0.085), Raw Nickel (-0.25), Fish Fillets (-1.33), Calcium Phosphates (-1.44), Cobalt (-1.51), Nickel Mattes (-1.65), Nickel Ore (-1.72), Non-fillet Frozen Fish (-1.74), Crustaceans (-2), and Niobium, Tantalum, Vanadium and Zirconium Ore (-2.5). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The most specialized products according to the RCA index are led by Nickel Mattes (602.3), Nickel Ore (300.0), Calcium Phosphates (299.7), Raw Nickel (223.0), and Crustaceans (120.1).
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.
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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