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.

Historical Data

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Yearly Exports

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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).

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Exports Dynamics

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Fastest Growing Exports Destination (Jan 2021 - Jan 2022)

Rapidly Declining Export Origins (Jan 2021 - Jan 2022)

Yearly Imports

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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).

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Imports Dynamics

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Fastest Growing Import Origins (Jan 2021 - Jan 2022)

Rapidly Declining Import Origins (Jan 2021 - Jan 2022)

Economic Complexity

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Economic Complexity of Murmansk Region

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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.

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Economic Complexity Ranking

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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.

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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 Raw Aluminium (0.028), Semi-Finished Iron (0.024), Tea (0.024), Rice (0.023), and Perfume Plants (0.023).

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 (-0.085), 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.

Most Specialized Products by RCA Index

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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.

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. Bubble size corresponds to exports value by year 2020.