Federal subject in VOLGA FEDERAL DISTRICT, district of Russia

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Overview This page contains the latest international trade data for NIZHNY NOVGOROD REGION. In January 2022 NIZHNY NOVGOROD REGION was the number 18 in total exports and the number 13 in total imports in Russia.

Exports In 2021, Russia's Nizhny Novgorod Region exported $484M, making it the 18th largest exporter out of the 85 exporters in Russia. In 2021 the top exports of Nizhny Novgorod Region were Light petroleum distillates nes ($1.34B), Fuel elements non-irradiated, for nuclear reactors ($209M), Polypropylene ($190M), Sunflower-seed or safflower oil, crude ($185M), and Heat exchange units, non-domestic, non-electric ($183M).

Imports In 2021, Russia's Nizhny Novgorod Region imported $242M, making it the 13th largest importer out of the 85 importers in Russia. In 2021 top imports of Nizhny Novgorod Region were Medicaments nes, in dosage ($208M), Mixed odoriferous substances - food &... ($102M), Chemical products, mixtures and preparations; Others... ($75.8M), Parts of seats ($69.5M), and Palm oil or fractions simply refined ($65.5M).

Economic Complexity In 2021, the highest complexity exports of Nizhny Novgorod Region according to the product complexity index (PCI) are Blank Audio Media (1.91), Liquid Pumps (1.38), Other Nickel Products (1.31), Other Heating Machinery (1.24), Unsaturated Acyclic Monocarboxylic Acids (1.24), Newsprint (0.99), Locomotive Parts (0.82), Nuclear Reactors (0.78), Steam Turbines (0.77), and Cathode Tubes (0.77). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2021)Bangladesh$1.09B
Top Product (2021)Light petroleum distillates nes$1.34B

In 2021 the top export destinations of Nizhny Novgorod Region were Bangladesh ($1.09B), Belarus ($873M), Netherlands ($815M), India ($531M), and Poland ($412M).

In 2021 the top exports of Nizhny Novgorod Region were Light petroleum distillates nes ($1.34B), Fuel elements non-irradiated, for nuclear reactors ($209M), Polypropylene ($190M), Sunflower-seed or safflower oil, crude ($185M), and Heat exchange units, non-domestic, non-electric ($183M).

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Exports (2021)
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Destinations (2021)
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Exports Dynamics

Fastest Growing Exports Destination (Jan 2021 - Jan 2022)
India $71.2M (14.4k%)
France $63M (1.91k%)
United Kingdom $33.5M (7.77k%)
Rapidly Declining Export Origins (Jan 2021 - Jan 2022)
United States -$14.2M (-67.6%)
Ukraine -$10.4M (-72.8%)
Egypt -$6.03M (-76.7%)

Export Destinations of NIZHNY NOVGOROD REGION (Jan 2021 - Jan 2022)

Yearly Imports

Color
Depth
Top Origin (2021)China$582M
Top Import (2021)Medicaments nes, in dosage$208M

In 2021 the top import origins of Nizhny Novgorod Region were China ($582M), Germany ($357M), Belarus ($253M), France ($206M), and Italy ($189M).

In 2021 the top imports of Nizhny Novgorod Region were Medicaments nes, in dosage ($208M), Mixed odoriferous substances - food &... ($102M), Chemical products, mixtures and preparations; Others... ($75.8M), Parts of seats ($69.5M), and Palm oil or fractions simply refined ($65.5M).

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Imports (2021)
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Origins (2021)
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Imports Dynamics

Fastest Growing Import Origins (Jan 2021 - Jan 2022)
Indonesia $10.2M (261%)
Denmark $9.05M (3.04k%)
China $8.29M (17.4%)
Rapidly Declining Import Origins (Jan 2021 - Jan 2022)
Italy -$10.9M (-52.7%)
United Kingdom -$3.9M (-81%)
France -$2.5M (-21.1%)

Import Origins of NIZHNY NOVGOROD REGION (Jan 2021 - Jan 2022)

Economic Complexity

Economic Complexity of Nizhny Novgorod Region

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Economic Complexity (2021)0.3

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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ECI comparison Russia between districts (2021)

Economic Complexity Ranking

Value

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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ECI Rank by Subnat Geography

Export Opportunities by Relatedness

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 Railway Freight Cars (0.16), Rapeseed Oil (0.16), Cars (0.16), Spark-Ignition Engines (0.15), and Titanium (0.15).

Most Complex Products by PCI

The highest complexity exports of Nizhny Novgorod Region according to the product complexity index (PCI) are Blank Audio Media (1.91), Liquid Pumps (1.38), Other Nickel Products (1.31), Other Heating Machinery (1.24), Unsaturated Acyclic Monocarboxylic Acids (1.24), Newsprint (0.99), Locomotive Parts (0.82), Nuclear Reactors (0.78), Steam Turbines (0.77), and Cathode Tubes (0.77). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Nuclear Reactors (316.17), Steam Turbines (168.03), Cyanides (115.07), Hydraulic Brake Fluid (66.88), and Antifreeze (62.04).

Product Space

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

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. Bubble size corresponds to exports value by year 2020.

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