Novosibirsk Region

Federal subject in SIBERIAN FEDERAL DISTRICT, district of Russia

2019
Economic
Complexity
: -0.17, Rank 27 of 64

Nov 2020
Trade
Exports | Imports
: $266M | $159M, 22 of 85 | 17 of 84

Nov 2020
Country
Destination | Origin
: China | China , $85.6M  | $73.7M

Nov 2020
Product
Exports | Imports
: Coal Briquettes | Hot-Rolled Iron , $112M  | $8.21M

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

Exports: In 2020, Russia's Novosibirsk Region exported $2.5B, making it the 25th largest exporter out of the 85 exporters in Russia. In 2020 the top exports of Novosibirsk Region were Anthracite, not agglomerated ($851M), Bituminous coal, not agglomerated ($288M), Fuel elements non-irradiated, for nuclear reactors ($217M), Commodities not specified according to kind ($141M), and Light petroleum distillates nes ($89.1M).

Imports: In 2020, Russia's Novosibirsk Region imported $1.98B, making it the 14th largest importer out of the 85 importers in Russia. In 2020 top imports of Novosibirsk Region were Commodities not specified according to kind ($313M), Dump trucks designed for off-highway use ($52.7M), Iron or non-alloy steel: in coils,... ($40M), Tricycles, scooters, pedal cars and similar... ($34.2M), and Poly(ethylene terephthalate); in primary forms, having... ($32.6M).

Economic Complexity: In 2019, the highest complexity exports of Novosibirsk Region according to the product complexity index (PCI) are LCDs (1.7), Electric Furnaces (1.4), Artificial Graphite (1.08), Reaction and Catalytic Products (0.86), and Nuclear Reactors (0.85). 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 NOVOSIBIRSK REGION'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): China, $641M

Top Product (2020): Anthracite, not agglomerated, $851M

In 2020 the top export destinations of Novosibirsk Region were China ($641M), Kazakhstan ($330M), Germany ($177M), Bulgaria ($145M), and Vietnam ($121M).

In 2020 the top exports of Novosibirsk Region were Anthracite, not agglomerated ($851M), Bituminous coal, not agglomerated ($288M), Fuel elements non-irradiated, for nuclear reactors ($217M), Commodities not specified according to kind ($141M), and Light petroleum distillates nes ($89.1M).

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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, $821M

Top Import (2020): Commodities not specified according to kind, $313M

In 2020 the top import origins of Novosibirsk Region were China ($821M), France ($312M), Kazakhstan ($167M), United States ($94.3M), and Belarus ($81.4M).

In 2020 the top imports of Novosibirsk Region were Commodities not specified according to kind ($313M), Dump trucks designed for off-highway use ($52.7M), Iron or non-alloy steel: in coils,... ($40M), Tricycles, scooters, pedal cars and similar... ($34.2M), and Poly(ethylene terephthalate); in primary forms, having... ($32.6M).

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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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Novosibirsk Region ranks 27th out of the 85 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. Novosibirsk Region it is in position 27th 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 Novosibirsk Region already has a comparative advantage, are led by Rough Wood (0.12), Other Vegetable Residues (0.12), Fuel Wood (0.12), Railway Freight Cars (0.12), and Other Prepared Meat (0.11).

Most Complex Products by PCI

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The highest complexity exports of Novosibirsk Region according to the product complexity index (PCI) are LCDs (1.7), Electric Furnaces (1.4), Artificial Graphite (1.08), Reaction and Catalytic Products (0.86), and Nuclear Reactors (0.85). 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 (412), Alkaline Metals (115), Detonating Fuses (72.5), Cathode Tubes (72.5), and Linseed (70).

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