Penza Region

Federal subject in VOLGA FEDERAL DISTRICT, district of Russia

2019
Economic
Complexity
: 0.12, Rank 7 of 64

Nov 2020
Trade
Exports | Imports
: $31M | $22.3M, 61 of 85 | 56 of 84

Nov 2020
Country
Destination | Origin
: Kazakhstan | China , $5.85M  | $5.73M

Nov 2020
Product
Exports | Imports
: Other Furniture | Sulfate Chemical Woodpulp , $3.7M  | $2.51M

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

Exports: In 2020, Russia's Penza Region exported $304M, making it the 62nd largest exporter out of the 85 exporters in Russia. In 2020 the top exports of Penza Region were Commodities not specified according to kind ($67.8M), Aluminium unwrought, alloyed ($19.2M), Swine carcasses and half carcasses, fresh... ($17.3M), Chocolate/cocoa food preparations nes ($17.1M), and Furniture, wooden, nes ($13.6M).

Imports: In 2020, Russia's Penza Region imported $266M, making it the 52nd largest importer out of the 85 importers in Russia. In 2020 top imports of Penza Region were Engines, diesel except motor vehicle/marine ($73.1M), Chem wood pulp, soda/sulphate, non-conifer, bleached ($15.6M), Parts for soil preparation or cultivation... ($10.8M), Plastics: polymers of vinyl chloride, containing... ($8.53M), and Taps, cocks, valves and similar appliances,... ($7.8M).

Economic Complexity: In 2019, the highest complexity exports of Penza Region according to the product complexity index (PCI) are Valves (1.34), Thermostats (1.21), Audio Alarms (1.02), Pig Meat (0.81), and Wallpaper (0.74). 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 PENZA 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): Algeria, $55.3M

Top Product (2020): Commodities not specified according to kind, $67.8M

In 2020 the top export destinations of Penza Region were Algeria ($55.3M), Kazakhstan ($50.1M), Egypt ($27.1M), Ukraine ($25.4M), and Belarus ($23.9M).

In 2020 the top exports of Penza Region were Commodities not specified according to kind ($67.8M), Aluminium unwrought, alloyed ($19.2M), Swine carcasses and half carcasses, fresh... ($17.3M), Chocolate/cocoa food preparations nes ($17.1M), and Furniture, wooden, nes ($13.6M).

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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): United States, $75M

Top Import (2020): Engines, diesel except motor vehicle/marine, $73.1M

In 2020 the top import origins of Penza Region were United States ($75M), China ($49.2M), Germany ($26.2M), Belarus ($23.5M), and Brazil ($10M).

In 2020 the top imports of Penza Region were Engines, diesel except motor vehicle/marine ($73.1M), Chem wood pulp, soda/sulphate, non-conifer, bleached ($15.6M), Parts for soil preparation or cultivation... ($10.8M), Plastics: polymers of vinyl chloride, containing... ($8.53M), and Taps, cocks, valves and similar appliances,... ($7.8M).

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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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Penza Region ranks 7th 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. Penza Region it is in position 7th 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 Penza Region already has a comparative advantage, are led by Shaped Wood (0.12), Other Prepared Meat (0.12), Sunflower Seeds (0.12), Wood Crates (0.12), and Iron Radiators (0.12).

Most Complex Products by PCI

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The highest complexity exports of Penza Region according to the product complexity index (PCI) are Valves (1.34), Thermostats (1.21), Audio Alarms (1.02), Pig Meat (0.81), and Wallpaper (0.74). 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 Specialized Vehicles (138), Starch Residue (136), Wallpaper (134), Linseed (110), and Chocolate (48.6).

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