Orel Region

Federal subject in CENTRAL FEDERAL DISTRICT, district of Russia

Exports (2019): $235M, Rnk 68/85

Top Destination (2019): $54.9M, Latvia

Top Export (2019): $40.1M, Refrigerator/freezer chests/cabinets/showcases

Imports (2019): $331M, Rnk 49/85

Top Origin (2019): $63.1M, Germany

Top Import (2019): $14.1M, Bovine cuts boneless, frozen

Economic Complexity (2019): -0.034, Rnk 20 / 85

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

Exports: In 2019, Russia's Orel Region exported $235M, making it the 68th largest exporter out of the 85 exporters in Russia. In 2019 the top exports of Orel Region were Refrigerator/freezer chests/cabinets/showcases ($40.1M), Cereals: wheat and meslin, other than... ($29.3M), Vegetable oils: low erucic acid rape... ($22.2M), Finishing ceramics ($19.6M), and Thyristors/diacs/triacs, except photosensitive device ($7.42M).

Imports: In 2019, Russia's Orel Region imported $331M, making it the 49th largest importer out of the 85 importers in Russia. In 2019 top imports of Orel Region were Bovine cuts boneless, frozen ($14.1M), Iron or non-alloy steel: bars and... ($13.5M), Machines to agglomerate, shape, mould minerals... ($11.5M), Feldspar ($8.84M), and Fire-clay ($8.12M).

Economic Complexity: In 2019, the highest complexity exports of Orel Region according to the product complexity index (PCI) are Iron Fasteners (1.66), Motor-working Tools (1.56), Gas and Liquid Flow Measuring Instruments (1.4), Liquid Pumps (1.38), and Washing and Bottling Machines (1.17). 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): Latvia, $54.9M

Top Product (2019): Refrigerator/freezer chests/cabinets/showcases, $40.1M

In 2019 the top export destinations of Orel Region were Latvia ($54.9M), Belarus ($36.9M), Kazakhstan ($16.9M), Germany ($15.9M), and Ukraine ($15M).

In 2019 the top exports of Orel Region were Refrigerator/freezer chests/cabinets/showcases ($40.1M), Cereals: wheat and meslin, other than... ($29.3M), Vegetable oils: low erucic acid rape... ($22.2M), Finishing ceramics ($19.6M), and Thyristors/diacs/triacs, except photosensitive device ($7.42M).

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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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Value
Depth
Year

Top Origin (2019): Germany, $63.1M

Top Import (2019): Bovine cuts boneless, frozen, $14.1M

In 2019 the top import origins of Orel Region were Germany ($63.1M), Italy ($50.2M), Belarus ($44.7M), Ukraine ($40.4M), and China ($33.2M).

In 2019 the top imports of Orel Region were Bovine cuts boneless, frozen ($14.1M), Iron or non-alloy steel: bars and... ($13.5M), Machines to agglomerate, shape, mould minerals... ($11.5M), Feldspar ($8.84M), and Fire-clay ($8.12M).

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

This section shows forecasts for total exports and imports from OREL 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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Orel Region ranks 20th 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 Orel Region already has a comparative advantage, are led by Sunflower Seeds (0.098), Iron Radiators (0.091), Seats (0.091), Wood Carpentry (0.09), and Other Wood Articles (0.09).

Most Complex Products by PCI

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The highest complexity exports of Orel Region according to the product complexity index (PCI) are Iron Fasteners (1.66), Motor-working Tools (1.56), Gas and Liquid Flow Measuring Instruments (1.4), Liquid Pumps (1.38), and Washing and Bottling Machines (1.17). 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 Rapeseed Oil (252), Buckwheat (126), Unglazed Ceramics (114), Iron Wire (97.4), and Malt (83.9).

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