Penza Region

Federal subject in VOLGA FEDERAL DISTRICT, district of Russia

Exports (2019): $296M, Rnk 64/85

Top Destination (2019): $61M, Kazakhstan

Top Export (2019): $30M, Special purpose motor vehicles nes

Imports (2019): $238M, Rnk 58/85

Top Origin (2019): $59.5M, China

Top Import (2019): $20.3M, Chem wood pulp, soda/sulphate, non-conifer, bleached

Economic Complexity (2019): 0.1, Rnk 8 / 85

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

Exports: In 2019, Russia's Penza Region exported $296M, making it the 64th largest exporter out of the 85 exporters in Russia. In 2019 the top exports of Penza Region were Special purpose motor vehicles nes ($30M), Chocolate/cocoa food preparations nes ($21.7M), Commodities not specified according to kind ($19.6M), Aluminium unwrought, alloyed ($19.1M), and Swine carcasses and half carcasses, fresh... ($17.4M).

Imports: In 2019, Russia's Penza Region imported $238M, making it the 58th largest importer out of the 85 importers in Russia. In 2019 top imports of Penza Region were Chem wood pulp, soda/sulphate, non-conifer, bleached ($20.3M), Taps, cocks, valves and similar appliances,... ($13.1M), Parts for soil preparation or cultivation... ($8.23M), Plastics: polymers of vinyl chloride, containing... ($8.16M), and rubber or plastic working machines, nes ($7.62M).

Economic Complexity: In 2019, the highest complexity exports of Penza Region according to the product complexity index (PCI) are Valves (1.48), Thermostats (1.15), Audio Alarms (0.93), Pig Meat (0.78), and Wallpaper (0.7). 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): Kazakhstan, $61M

Top Product (2019): Special purpose motor vehicles nes, $30M

In 2019 the top export destinations of Penza Region were Kazakhstan ($61M), Algeria ($55.6M), Belarus ($32.2M), Ukraine ($25.4M), and Latvia ($14.1M).

In 2019 the top exports of Penza Region were Special purpose motor vehicles nes ($30M), Chocolate/cocoa food preparations nes ($21.7M), Commodities not specified according to kind ($19.6M), Aluminium unwrought, alloyed ($19.1M), and Swine carcasses and half carcasses, fresh... ($17.4M).

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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): China, $59.5M

Top Import (2019): Chem wood pulp, soda/sulphate, non-conifer, bleached, $20.3M

In 2019 the top import origins of Penza Region were China ($59.5M), Germany ($30.4M), Belarus ($27M), Brazil ($17.7M), and Ukraine ($14.1M).

In 2019 the top imports of Penza Region were Chem wood pulp, soda/sulphate, non-conifer, bleached ($20.3M), Taps, cocks, valves and similar appliances,... ($13.1M), Parts for soil preparation or cultivation... ($8.23M), Plastics: polymers of vinyl chloride, containing... ($8.16M), and rubber or plastic working machines, nes ($7.62M).

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

This section shows forecasts for total exports and imports from PENZA 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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Penza Region ranks 8th 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 Penza Region already has a comparative advantage, are led by Sunflower Seeds (0.12), Shaped Wood (0.12), Other Prepared Meat (0.12), Central Heating Boilers (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 (1.48), Thermostats (1.15), Audio Alarms (0.93), Pig Meat (0.78), and Wallpaper (0.7). 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 (141), Starch Residue (131), Wallpaper (129), Linseed (102), and Chocolate (47.5).

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 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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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.