Novgorod Region

Federal subject in NORTH WEST FEDERAL DISTRICT, district of Russia

Exports (2019): $1.49B, Rnk 33/85

Top Destination (2019): $263M, China

Top Export (2019): $515M, Nitrogen-phosphorus-potassium fertilizers, pack >10kg

Imports (2019): $557M, Rnk 39/85

Top Origin (2019): $207M, China

Top Import (2019): $107M, Footwear, sole rubber, plastics uppers of...

Economic Complexity (2019): -0.44, Rnk 45 / 85

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

Exports: In 2019, Russia's Novgorod Region exported $1.49B, making it the 33rd largest exporter out of the 85 exporters in Russia. In 2019 the top exports of Novgorod Region were Nitrogen-phosphorus-potassium fertilizers, pack >10kg ($515M), Urea-ammonium nitrate mixes in solution, pack... ($204M), Urea, including aqueous solution in packs... ($166M), Ammonium nitrate, including solution, in pack... ($124M), and Plywood; with sheets of wood only;... ($78.9M).

Imports: In 2019, Russia's Novgorod Region imported $557M, making it the 39th largest importer out of the 85 importers in Russia. In 2019 top imports of Novgorod Region were Footwear, sole rubber, plastics uppers of... ($107M), Boots, sole rubber or plastic upper... ($67.8M), Footwear, outer soles/uppers of rubber or... ($23.3M), Paper and paperboard: multi-ply, coated with... ($22M), and Boots, soles/uppers rubber or plastic, over... ($20.8M).

Economic Complexity: In 2019, the highest complexity exports of Novgorod Region according to the product complexity index (PCI) are Valves (1.48), Amino-resins (1.28), Refractory Cements (0.61), Glass Fibers (0.44), and Refractory Bricks (0.35). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Value
Depth
Year

Top Destination (2019): China, $263M

Top Product (2019): Nitrogen-phosphorus-potassium fertilizers, pack >10kg, $515M

In 2019 the top export destinations of Novgorod Region were China ($263M), Brazil ($258M), United States ($212M), Finland ($89.2M), and United Arab Emirates ($84M).

In 2019 the top exports of Novgorod Region were Nitrogen-phosphorus-potassium fertilizers, pack >10kg ($515M), Urea-ammonium nitrate mixes in solution, pack... ($204M), Urea, including aqueous solution in packs... ($166M), Ammonium nitrate, including solution, in pack... ($124M), and Plywood; with sheets of wood only;... ($78.9M).

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Export Dynamics

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Fastest Growing Exports Destination (August 2019 - August 2020)

Rapidly Declining Export Origins (August 2019 - August 2020)

Yearly Imports

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Value
Depth
Year

Top Origin (2019): China, $207M

Top Import (2019): Footwear, sole rubber, plastics uppers of..., $107M

In 2019 the top import origins of Novgorod Region were China ($207M), Italy ($47.4M), Germany ($32.6M), Finland ($29.7M), and Indonesia ($26.1M).

In 2019 the top imports of Novgorod Region were Footwear, sole rubber, plastics uppers of... ($107M), Boots, sole rubber or plastic upper... ($67.8M), Footwear, outer soles/uppers of rubber or... ($23.3M), Paper and paperboard: multi-ply, coated with... ($22M), and Boots, soles/uppers rubber or plastic, over... ($20.8M).

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Import Dynamics

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Fastest Growing Import Origins (August 2019 - August 2020)

Rapidly Declining Import Origins (August 2019 - August 2020)

Comparison in Time

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This section shows differences between total trade from NOVGOROD REGION throughout time.

This section shows forecasts for total exports and imports from NOVGOROD REGION. 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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Novgorod Region ranks 45th out of the 85 federal subjects 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 Novgorod Region already has a comparative advantage, are led by Raw Iron Bars (0.056), Other Vegetable Products (0.054), Wood Carpentry (0.054), Non-fillet Frozen Fish (0.052), and Insulated Wire (0.052).

Most Complex Products by PCI

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The highest complexity exports of Novgorod Region according to the product complexity index (PCI) are Valves (1.48), Amino-resins (1.28), Refractory Cements (0.61), Glass Fibers (0.44), and Refractory Bricks (0.35). 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 Mixed Mineral or Chemical Fertilizers (287), Nitrogenous Fertilizers (271), Ammonia (120), Plywood (60.5), and Dental Products (39).

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 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  Novgorod Region. These are products that tend to be co-exported with the products that 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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Depth
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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.