Orenburg RegionFederal subject in VOLGA FEDERAL DISTRICT, district of Russia
Exports (2019): $1.95B, Rnk 28/85
Top Destination (2019): $287M, Italy
Top Export (2019): $599M, Pig iron, non-alloy, <0.5% phosphorus
Imports (2019): $284M, Rnk 54/85
Top Origin (2019): $54.5M, Uzbekistan
Top Import (2019): $42.6M, Polyethylene - specific gravity >0.94 in...
Economic Complexity (2019): -0.43, Rnk 44 / 85
Overview: This page contains the latest international trade data for ORENBURG REGION, including export and import data.
Exports: In 2019, Russia's Orenburg Region exported $1.95B, making it the 28th largest exporter out of the 85 exporters in Russia. In 2019 the top exports of Orenburg Region were Pig iron, non-alloy, <0.5% phosphorus ($599M), Petroleum oils, oils from bituminous minerals,... ($311M), Petroleum spirit for motor vehicles ($232M), Light petroleum distillates nes ($223M), and Asbestos: other than crocidolite (blue asbestos) ($90.3M).
Imports: In 2019, Russia's Orenburg Region imported $284M, making it the 54th largest importer out of the 85 importers in Russia. In 2019 top imports of Orenburg Region were Polyethylene - specific gravity >0.94 in... ($42.6M), Chromium ores and concentrates ($11.6M), Electronic integrated circuits: processors and controllers,... ($10.4M), Printed reading books, except dictionaries etc ($9.96M), and Radiators for motor vehicles ($9.04M).
Economic Complexity: In 2019, the highest complexity exports of Orenburg Region according to the product complexity index (PCI) are Other Metals (0.18), Coal Tar Oil (-0.35), Pig Iron (-0.85), Linseed (-0.87), and Stranded Copper Wire (N/A). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Top Destination (2019): Italy, $287M
Top Product (2019): Pig iron, non-alloy, <0.5% phosphorus, $599M
In 2019 the top export destinations of Orenburg Region were Italy ($287M), United States ($283M), Kazakhstan ($186M), Belarus ($148M), and Kyrgyzstan ($130M).
In 2019 the top exports of Orenburg Region were Pig iron, non-alloy, <0.5% phosphorus ($599M), Petroleum oils, oils from bituminous minerals,... ($311M), Petroleum spirit for motor vehicles ($232M), Light petroleum distillates nes ($223M), and Asbestos: other than crocidolite (blue asbestos) ($90.3M).
Fastest Growing Exports Destination (June 2019 - June 2020)
Top Origin (2019): Uzbekistan, $54.5M
Top Import (2019): Polyethylene - specific gravity >0.94 in..., $42.6M
In 2019 the top import origins of Orenburg Region were Uzbekistan ($54.5M), China ($40.7M), Kazakhstan ($31.4M), Germany ($16.7M), and Spain ($16.6M).
In 2019 the top imports of Orenburg Region were Polyethylene - specific gravity >0.94 in... ($42.6M), Chromium ores and concentrates ($11.6M), Electronic integrated circuits: processors and controllers,... ($10.4M), Printed reading books, except dictionaries etc ($9.96M), and Radiators for motor vehicles ($9.04M).
Fastest Growing Import Origins (June 2019 - June 2020)
Rapidly Declining Import Origins (June 2019 - June 2020)
This section shows differences between total trade from ORENBURG REGION throughout time.
This section shows forecasts for total exports and imports from ORENBURG REGION. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.
Orenburg Region ranks 44th out of the 85 federal subjects in Russia according to ECI.
Estimated using exports data.
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 (0.069), Raw Aluminium (0.066), Nitrogenous Fertilizers (0.064), Corn (0.064), and Rough Wood (0.063).
The highest complexity exports of Orenburg Region according to the product complexity index (PCI) are Other Metals (0.18), Coal Tar Oil (-0.35), Pig Iron (-0.85), Linseed (-0.87), and Stranded Copper Wire (N/A). 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 (N/A), Other Metals (408), Linseed (71.6), Stranded Copper Wire (42.5), and Coal Tar Oil (30.5).
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.
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