North West Federal District

District in Russia

2019
Economic
Complexity
: -0.47, Rank 7 of 8

Nov 2020
Trade
Exports | Imports
: $3.77B | $3.23B, 2 of 8 | 2 of 8

Nov 2020
Country
Destination | Origin
: Netherlands | China , $778M  | $593M

Nov 2020
Product
Exports | Imports
: Crude Petroleum | Vehicle Parts , $880M  | $242M

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

Exports: In 2020, Russia's North West Federal District exported $35.5B, making it the 2nd largest exporter out of the 8 exporters in Russia. In 2020 the top exports of North West Federal District were Petroleum oils, oils from bituminous minerals,... ($5.71B), Light petroleum distillates nes ($4.82B), Petroleum spirit for motor vehicles ($2.64B), Gold in unwrought forms non-monetary ($1.42B), and Nickel unwrought, not alloyed ($1.27B).

Imports: In 2020, Russia's North West Federal District imported $28.8B, making it the 2nd largest importer out of the 8 importers in Russia. In 2020 top imports of North West Federal District were Commodities not specified according to kind ($982M), Bodies for passenger carrying vehicles ($893M), Soya beans: other than seed, whether... ($719M), Parts and accessories of bodies nes... ($547M), and Engines, spark-ignition reciprocating, over 1000 cc ($520M).

Economic Complexity: In 2019, the highest complexity exports of North West Federal District according to the product complexity index (PCI) are Newsprint (1.13), Vehicle Bodies (0.91), Nickel Powder (0.72), Hot-Rolled Iron (0.49), and Other Uncoated Paper (0.49). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Flow
Value
Reference Period

This section shows the differences between NORTH WEST FEDERAL DISTRICT's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Russia's country profile.

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Yearly Exports

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Value
Depth

Top Destination (2020): Netherlands, $5.79B

Top Product (2020): Petroleum oils, oils from bituminous minerals,..., $5.71B

In 2020 the top export destinations of North West Federal District were Netherlands ($5.79B), China ($3.27B), United Kingdom ($2.37B), United States ($2.23B), and Germany ($2.01B).

In 2020 the top exports of North West Federal District were Petroleum oils, oils from bituminous minerals,... ($5.71B), Light petroleum distillates nes ($4.82B), Petroleum spirit for motor vehicles ($2.64B), Gold in unwrought forms non-monetary ($1.42B), and Nickel unwrought, not alloyed ($1.27B).

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Exports Dynamics

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Fastest Growing Exports Destination (Nov 2019 - Nov 2020)

Rapidly Declining Export Origins (Nov 2019 - Nov 2020)

Yearly Imports

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Value
Depth

Top Origin (2020): China, $5.49B

Top Import (2020): Commodities not specified according to kind, $982M

In 2020 the top import origins of North West Federal District were China ($5.49B), Germany ($2.62B), South Korea ($2.25B), United States ($1.6B), and Belarus ($1.19B).

In 2020 the top imports of North West Federal District were Commodities not specified according to kind ($982M), Bodies for passenger carrying vehicles ($893M), Soya beans: other than seed, whether... ($719M), Parts and accessories of bodies nes... ($547M), and Engines, spark-ignition reciprocating, over 1000 cc ($520M).

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Imports Dynamics

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Fastest Growing Import Origins (Nov 2019 - Nov 2020)

Rapidly Declining Import Origins (Nov 2019 - Nov 2020)

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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Economic Complexity Ranking

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Scale

The economic complexity of a territory can change year to year. North West Federal District it is in position 7th 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 North West Federal District already has a comparative advantage, are led by Petroleum Gas (0.17), Coal Briquettes (0.16), Pig Iron (0.16), Raw Aluminium (0.16), and Dried Legumes (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 (1.13), Vehicle Bodies (0.91), Nickel Powder (0.72), Hot-Rolled Iron (0.49), and Other Uncoated Paper (0.49). 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 (67.8), Calcium Phosphates (37.8), Raw Nickel (34.8), Mixed Mineral or Chemical Fertilizers (30), and Precipitated Copper (27).

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 ​​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.