North West Federal District

District in Russia

Exports (2019): $47.9B, Rnk 2/8

Top Destination (2019): $11.2B, Netherlands

Top Export (2019): $11B, Petroleum oils, oils from bituminous minerals,...

Imports (2019): $35.6B, Rnk 2/8

Top Origin (2019): $6.6B, China

Top Import (2019): $1.46B, Bodies for passenger carrying vehicles

Economic Complexity (2019): -0.56, Rnk 7 / 8

Overview: This page contains the latest international trade data for NORTH WEST FEDERAL DISTRICT, including export and import data.

Exports: In 2019, Russia's North West Federal District exported $47.9B, making it the 2nd largest exporter out of the 8 exporters in Russia. In 2019 the top exports of North West Federal District were Petroleum oils, oils from bituminous minerals,... ($11B), Light petroleum distillates nes ($7.21B), Petroleum spirit for motor vehicles ($4.61B), Nickel unwrought, not alloyed ($1.25B), and Nickel mattes ($1.03B).

Imports: In 2019, Russia's North West Federal District imported $35.6B, making it the 2nd largest importer out of the 8 importers in Russia. In 2019 top imports of North West Federal District were Bodies for passenger carrying vehicles ($1.46B), Parts and accessories of bodies nes... ($781M), Engines, spark-ignition reciprocating, over 1000 cc ($752M), Soya beans: other than seed, whether... ($736M), and Transmissions for motor vehicles ($658M).

Economic Complexity: In 2019, the highest complexity exports of North West Federal District according to the product complexity index (PCI) are Newsprint (1.27), Uncoated Paper (0.72), Hot-Rolled Iron (0.43), Copper Powder (0.41), and Rapeseed Oil (0.32). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Top Destination (2019): Netherlands, $11.2B

Top Product (2019): Petroleum oils, oils from bituminous minerals,..., $11B

In 2019 the top export destinations of North West Federal District were Netherlands ($11.2B), China ($3.46B), Germany ($3.01B), Finland ($2.85B), and United States ($2.73B).

In 2019 the top exports of North West Federal District were Petroleum oils, oils from bituminous minerals,... ($11B), Light petroleum distillates nes ($7.21B), Petroleum spirit for motor vehicles ($4.61B), Nickel unwrought, not alloyed ($1.25B), and Nickel mattes ($1.03B).

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Export Dynamics

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Fastest Growing Exports Destination (June 2019 - June 2020)

Rapidly Declining Export Origins (June 2019 - June 2020)

Yearly Imports

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Top Origin (2019): China, $6.6B

Top Import (2019): Bodies for passenger carrying vehicles, $1.46B

In 2019 the top import origins of North West Federal District were China ($6.6B), South Korea ($3.51B), Germany ($3.1B), United States ($1.55B), and Belarus ($1.5B).

In 2019 the top imports of North West Federal District were Bodies for passenger carrying vehicles ($1.46B), Parts and accessories of bodies nes... ($781M), Engines, spark-ignition reciprocating, over 1000 cc ($752M), Soya beans: other than seed, whether... ($736M), and Transmissions for motor vehicles ($658M).

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Import Dynamics

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Fastest Growing Import Origins (June 2019 - June 2020)

Rapidly Declining Import Origins (June 2019 - June 2020)

Comparison in Time

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This section shows differences between total trade from NORTH WEST FEDERAL DISTRICT throughout time.

This section shows forecasts for total exports and imports from NORTH WEST FEDERAL DISTRICT. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

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Economic Complexity

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Economic Complexity of Russia

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North West Federal District ranks 7th out of the 8 districts in Russia according to ECI.

Estimated using exports data.

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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 North West Federal District already has a comparative advantage, are led by Petroleum Gas (0.17), Raw Aluminium (0.16), Coal Briquettes (0.16), Pig Iron (0.16), and Ferroalloys (0.15).

Most Complex Products by PCI

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The highest complexity exports of North West Federal District according to the product complexity index (PCI) are Newsprint (1.27), Uncoated Paper (0.72), Hot-Rolled Iron (0.43), Copper Powder (0.41), and Rapeseed Oil (0.32). 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 (66.8), Calcium Phosphates (36.5), Raw Nickel (36.4), Precipitated Copper (30.8), and Mixed Mineral or Chemical Fertilizers (30.5).

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 North West Federal District 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  North West Federal District. These are products that tend to be co-exported with the products that North West Federal District exports. Higher relatedness values โ€‹โ€‹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.