Orel Region

Federal subject in CENTRAL FEDERAL DISTRICT, district of Russia

2019
Economic
Complexity
: -0.067, Rank 21 of 64

Nov 2020
Trade
Exports | Imports
: $35M | $20.2M, 57 of 85 | 59 of 84

Nov 2020
Country
Destination | Origin
: Latvia | Belarus , $9.79M  | $5.4M

Nov 2020
Product
Exports | Imports
: Packaged Medicaments | Prepared Pigments , $8.59M  | $1.27M

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

Exports: In 2020, Russia's Orel Region exported $240M, making it the 66th largest exporter out of the 85 exporters in Russia. In 2020 the top exports of Orel Region were Refrigerator/freezer chests/cabinets/showcases ($41.5M), Finishing ceramics ($24.8M), Cereals: wheat and meslin, other than... ($22.5M), Vegetable oils: low erucic acid rape... ($17.5M), and Insulin, in dosage ($13.5M).

Imports: In 2020, Russia's Orel Region imported $233M, making it the 57th largest importer out of the 85 importers in Russia. In 2020 top imports of Orel Region were Bovine cuts boneless, frozen ($10.8M), Polyvinyl chloride in primary forms ($9.28M), Feldspar ($8.65M), Polypeptide hormones, protein hormones and glycoprotein... ($7.22M), and Fire-clay ($7.2M).

Economic Complexity: In 2019, the highest complexity exports of Orel Region according to the product complexity index (PCI) are Iron Fasteners (1.81), Motor-working Tools (1.55), Gas and Liquid Flow Measuring Instruments (1.43), Liquid Pumps (1.39), and Gaskets (1.33). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

#permalink to section
Flow
Value
Reference Period

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

Visit Country Profile

Yearly Exports

#permalink to section
Value
Depth

Top Destination (2020): Latvia, $56.4M

Top Product (2020): Refrigerator/freezer chests/cabinets/showcases, $41.5M

In 2020 the top export destinations of Orel Region were Latvia ($56.4M), Belarus ($30.3M), Kazakhstan ($25.9M), Germany ($22.8M), and Ukraine ($18.2M).

In 2020 the top exports of Orel Region were Refrigerator/freezer chests/cabinets/showcases ($41.5M), Finishing ceramics ($24.8M), Cereals: wheat and meslin, other than... ($22.5M), Vegetable oils: low erucic acid rape... ($17.5M), and Insulin, in dosage ($13.5M).

Explore Visualizations

Exports Dynamics

#permalink to section

Fastest Growing Exports Destination (Nov 2019 - Nov 2020)

Rapidly Declining Export Origins (Nov 2019 - Nov 2020)

Yearly Imports

#permalink to section
Value
Depth

Top Origin (2020): Belarus, $39.1M

Top Import (2020): Bovine cuts boneless, frozen, $10.8M

In 2020 the top import origins of Orel Region were Belarus ($39.1M), Germany ($39M), Ukraine ($29.4M), China ($26.3M), and Italy ($25.1M).

In 2020 the top imports of Orel Region were Bovine cuts boneless, frozen ($10.8M), Polyvinyl chloride in primary forms ($9.28M), Feldspar ($8.65M), Polypeptide hormones, protein hormones and glycoprotein... ($7.22M), and Fire-clay ($7.2M).

Explore Visualizations

Imports Dynamics

#permalink to section

Fastest Growing Import Origins (Nov 2019 - Nov 2020)

Rapidly Declining Import Origins (Nov 2019 - Nov 2020)

Economic Complexity

#permalink to section

Economic Complexity of Russia

#permalink to section

Orel Region ranks 21st out of the 85 districts in Russia according to ECI.

Estimated using exports data.

Discover Economic Complexity

Economic Complexity Ranking

#permalink to section
Scale

The economic complexity of a territory can change year to year. Orel Region it is in position 21st considering its ECI in the last year.

Discover Economic Complexity

Export Opportunities by Relatedness

#permalink to section

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 (0.099), Dried Legumes (0.093), Wood Carpentry (0.091), Chocolate (0.091), and Seats (0.09).

Most Complex Products by PCI

#permalink to section

The highest complexity exports of Orel Region according to the product complexity index (PCI) are Iron Fasteners (1.81), Motor-working Tools (1.55), Gas and Liquid Flow Measuring Instruments (1.43), Liquid Pumps (1.39), and Gaskets (1.33). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

#permalink to section

The most specialized products according to the RCA index are led by Rapeseed Oil (266), Buckwheat (127), Iron Wire (95.8), Malt (86.1), and Unglazed Ceramics (85.7).

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

#permalink to section

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

#permalink to section
Depth
Filter

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.