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

Exports In 2020, Russia's Nizhny Novgorod Region exported $4.38B, making it the 15th largest exporter out of the 85 exporters in Russia. In 2020 the top exports of Nizhny Novgorod Region were Light petroleum distillates nes ($333M), Petroleum spirit for motor vehicles ($258M), Iron ore, concentrate, not iron pyrites,... ($184M), AC generators, of an output >... ($173M), and Printed reading books, except dictionaries etc ($157M).

Imports In 2020, Russia's Nizhny Novgorod Region imported $2.72B, making it the 11th largest importer out of the 85 importers in Russia. In 2020 top imports of Nizhny Novgorod Region were Machinery for treatment by temperature change... ($151M), Medicaments nes, in dosage ($123M), Tube mills, metal rolling ($79.8M), Mixed odoriferous substances - food &... ($71M), and Parts of seats ($68.7M).

Economic Complexity In 2020, the highest complexity exports of Nizhny Novgorod Region according to the product complexity index (PCI) are Blank Audio Media (1.74), Liquid Pumps (1.39), Other Heating Machinery (1.27), Unsaturated Acyclic Monocarboxylic Acids (1.01), and Synthetic Rubber (0.95). 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 (2020): Bangladesh, $797M

Top Product (2020): Light petroleum distillates nes, $333M

In 2020 the top export destinations of Nizhny Novgorod Region were Bangladesh ($797M), Belarus ($513M), India ($469M), Ukraine ($326M), and China ($317M).

In 2020 the top exports of Nizhny Novgorod Region were Light petroleum distillates nes ($333M), Petroleum spirit for motor vehicles ($258M), Iron ore, concentrate, not iron pyrites,... ($184M), AC generators, of an output >... ($173M), and Printed reading books, except dictionaries etc ($157M).

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Exports Dynamics

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Fastest Growing Exports Destination (Jun 2020 - Jun 2021)

Rapidly Declining Export Origins (Jun 2020 - Jun 2021)

Yearly Imports

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Top Origin (2020): China, $419M

Top Import (2020): Machinery for treatment by temperature change..., $151M

In 2020 the top import origins of Nizhny Novgorod Region were China ($419M), Germany ($353M), Italy ($268M), Belarus ($180M), and France ($176M).

In 2020 the top imports of Nizhny Novgorod Region were Machinery for treatment by temperature change... ($151M), Medicaments nes, in dosage ($123M), Tube mills, metal rolling ($79.8M), Mixed odoriferous substances - food &... ($71M), and Parts of seats ($68.7M).

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Imports Dynamics

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Fastest Growing Import Origins (Jun 2020 - Jun 2021)

Rapidly Declining Import Origins (Jun 2020 - Jun 2021)

Economic Complexity

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Economic Complexity of Russia

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Economic Complexity (2020): 0.24

Nizhny Novgorod Region ranks 1st 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. Nizhny Novgorod Region it is in position 1st 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 Nizhny Novgorod Region already has a comparative advantage, are led by Ammonia (0.14), Petroleum Coke (0.14), Petroleum Gas (0.14), Rock Wool (0.13), and Rapeseed Oil (0.13).

Most Complex Products by PCI

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The highest complexity exports of Nizhny Novgorod Region according to the product complexity index (PCI) are Blank Audio Media (1.74), Liquid Pumps (1.39), Other Heating Machinery (1.27), Unsaturated Acyclic Monocarboxylic Acids (1.01), and Synthetic Rubber (0.95). 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 Nuclear Reactors (264.5), Cyanides (156.0), Hydraulic Brake Fluid (52.0), Antifreeze (51.9), and Seed Oils (48.4).

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 Nizhny 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

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