ORENBURG REGIONFederal subject in VOLGA FEDERAL DISTRICT, district of Russia
2020 Economic Complexity : -0.45, Rank 41 of 58
Jul 2021 Trade Exports | Imports: $266M | $26.6M, 31 of 85 | 60 of 84
Jul 2021 Country Destination | Origin: United States | Uzbekistan , $77.9M | $7.32M
Jul 2021 Product Exports | Imports: Pig iron, non-alloy, <0.5% phosphorus | Peaches, nectarines, fresh , $101M | $4.05M
Overview This page contains the latest international trade data for ORENBURG REGION, including export and import data.
Exports In 2020, Russia's Orenburg Region exported $1.7B, making it the 29th largest exporter out of the 85 exporters in Russia. In 2020 the top exports of Orenburg Region were Pig iron, non-alloy, <0.5% phosphorus ($465M), Petroleum oils, oils from bituminous minerals,... ($279M), Light petroleum distillates nes ($238M), Petroleum spirit for motor vehicles ($152M), and Asbestos: other than crocidolite (blue asbestos) ($79M).
Imports In 2020, Russia's Orenburg Region imported $276M, making it the 54th largest importer out of the 85 importers in Russia. In 2020 top imports of Orenburg Region were Copper mattes: cement copper (precipitated copper) ($37.2M), Furnaces/ovens non-electric for ores/pyrites/metals ($22.8M), Chromium ores and concentrates ($18.3M), Distilling or rectifying plant ($14.5M), and Polyethylene - specific gravity >0.94 in... ($10.2M).
Economic Complexity In 2020, the highest complexity exports of Orenburg Region according to the product complexity index (PCI) are Flat Flat-Rolled Steel (1.47), Iron Railway Products (0.51), Hot-Rolled Iron (0.49), Other Metals (0.37), and Hydrogen (0.28). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
July, 2021
Overview In July 2021 ORENBURG REGION exported $266M and imported $26.6M, resulting in a positive trade balance of $240M. Between July 2020 and July 2021 the exports of ORENBURG REGION have increased by $84.7M (46.7%) from $181M to $266M, while imports increased by $1.07M (4.19%) from $25.5M to $26.6M.
Trade In July 2021, the top exports of ORENBURG REGION were Pig Iron ($101M), Refined Petroleum ($56.3M), Crude Petroleum ($50.9M), Other Metals ($10.5M), and Asbestos ($9.14M). In July 2021 the top imports of ORENBURG REGION were Pitted Fruits ($4.86M), Chromium Ore ($2.21M), Integrated Circuits ($1.68M), Liquid Pumps ($1.63M), and Vehicle Parts ($1.15M).
Destinations In July 2021, ORENBURG REGION exported mostly to United States ($77.9M), Belarus ($47.1M), Kazakhstan ($30.6M), Tajikistan ($21.7M), and Kyrgyzstan ($17.1M), and imported mostly from Uzbekistan ($7.32M), Kazakhstan ($5.59M), China ($5.39M), Czechia ($1.89M), and Germany ($1.52M).
Growth In July 2021, the increase in ORENBURG REGION's year-by-year exports was explained primarily by an increase in exports to United States ($38.9M or 99.9%), Belarus ($21.2M or 81.5%), and Kazakhstan ($14.6M or 91.1%), and product exports increase in Pig Iron ($29.2M or 40.7%), Refined Petroleum ($20.1M or 55.3%), and Crude Petroleum ($17.9M or 54.5%). In July 2021, the increase in ORENBURG REGION's year-by-year imports was explained primarily by an increase in imports from Uzbekistan ($5.8M or 383%), China ($2.5M or 86.6%), and Czechia ($1.56M or 475%), and product imports increase in Pitted Fruits ($4.29M or 761%), Integrated Circuits ($1.62M or 2.96k%), and Liquid Pumps ($1.58M or 2.95k%).
EXPORT GROWTH (July 2020 - July 2021): $84.7M, (46.7%)
IMPORT GROWTH (July 2020 - July 2021): $1.07M, (4.19%)
This section shows exports and imports data at subnational level for ORENBURG REGION. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of ORENBURG REGION over time.
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Top Destination (2020): Belarus, $243M
Top Product (2020): Pig iron, non-alloy, <0.5% phosphorus, $465M
In 2020 the top export destinations of Orenburg Region were Belarus ($243M), United States ($230M), Italy ($213M), Kazakhstan ($206M), and Uzbekistan ($162M).
In 2020 the top exports of Orenburg Region were Pig iron, non-alloy, <0.5% phosphorus ($465M), Petroleum oils, oils from bituminous minerals,... ($279M), Light petroleum distillates nes ($238M), Petroleum spirit for motor vehicles ($152M), and Asbestos: other than crocidolite (blue asbestos) ($79M).
Fastest Growing Exports Destination (Jul 2020 - Jul 2021)
Rapidly Declining Export Origins (Jul 2020 - Jul 2021)
Top Origin (2020): China, $44M
Top Import (2020): Copper mattes: cement copper (precipitated copper), $37.2M
In 2020 the top import origins of Orenburg Region were China ($44M), Kazakhstan ($42.4M), Chile ($37.4M), Germany ($24.3M), and Uzbekistan ($23.4M).
In 2020 the top imports of Orenburg Region were Copper mattes: cement copper (precipitated copper) ($37.2M), Furnaces/ovens non-electric for ores/pyrites/metals ($22.8M), Chromium ores and concentrates ($18.3M), Distilling or rectifying plant ($14.5M), and Polyethylene - specific gravity >0.94 in... ($10.2M).
Economic Complexity (2020): -0.45
Orenburg Region ranks 41st out of the 85 districts in Russia according to ECI.
The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.
Estimated using exports data.
The economic complexity of a territory can change year to year. Orenburg Region it is in position 41st considering its ECI in the last year.
The top export opportunities according to the relatedness level, without considering those products were Orenburg Region already has a comparative advantage, are led by Petroleum Gas (0.068), Sulphur (0.062), Ammonia (0.061), Nitrogenous Fertilizers (0.06), and Corn (0.059).
The highest complexity exports of Orenburg Region according to the product complexity index (PCI) are Flat Flat-Rolled Steel (1.47), Iron Railway Products (0.51), Hot-Rolled Iron (0.49), Other Metals (0.37), and Hydrogen (0.28). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The most specialized products according to the RCA index are led by Pig Iron (1017.4), Other Metals (352.5), Asphalt Mixtures (84.5), Linseed (80.0), and Seed Oils (48.4).
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 Orenburg 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.
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.