Pskov Region

Federal subject in NORTH WEST FEDERAL DISTRICT, district of Russia

Exports (2019): $264M, Rnk 65/85

Top Destination (2019): $150M, Belarus

Top Export (2019): $119M, Ferrous waste or scrap, nes

Imports (2019): $305M, Rnk 51/85

Top Origin (2019): $63.7M, Belarus

Top Import (2019): $18.9M, Animal feed preparations nes

Economic Complexity (2019): -0.31, Rnk 37 / 85

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

Exports: In 2019, Russia's Pskov Region exported $264M, making it the 65th largest exporter out of the 85 exporters in Russia. In 2019 the top exports of Pskov Region were Ferrous waste or scrap, nes ($119M), Swine cuts, frozen nes ($16.4M), Wood; coniferous species, of fir (Abies... ($6.5M), Fish fillets: frozen, of fish n.e.c.... ($6M), and Paper, cigarette, except in rolls <... ($5.87M).

Imports: In 2019, Russia's Pskov Region imported $305M, making it the 51st largest importer out of the 85 importers in Russia. In 2019 top imports of Pskov Region were Animal feed preparations nes ($18.9M), Structures and parts of structures, iron... ($15.3M), Agricultural, bee-keeping plant nes, germination plan ($10.9M), Cranes designed for mounting on road... ($9.54M), and Paper, cigarette, except in rolls <... ($9.06M).

Economic Complexity: In 2019, the highest complexity exports of Pskov Region according to the product complexity index (PCI) are Scrap Iron (-0.64), Peat (N/A), Self-adhesive Plastics (1.6), Valves (1.48), and Milling Stones (1.33). 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): Belarus, $150M

Top Product (2019): Ferrous waste or scrap, nes, $119M

In 2019 the top export destinations of Pskov Region were Belarus ($150M), Latvia ($17.1M), Estonia ($15.7M), Unknown ($11.7M), and Kazakhstan ($8.89M).

In 2019 the top exports of Pskov Region were Ferrous waste or scrap, nes ($119M), Swine cuts, frozen nes ($16.4M), Wood; coniferous species, of fir (Abies... ($6.5M), Fish fillets: frozen, of fish n.e.c.... ($6M), and Paper, cigarette, except in rolls <... ($5.87M).

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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): Belarus, $63.7M

Top Import (2019): Animal feed preparations nes, $18.9M

In 2019 the top import origins of Pskov Region were Belarus ($63.7M), China ($34.9M), Germany ($26.7M), Latvia ($26.2M), and Austria ($24.8M).

In 2019 the top imports of Pskov Region were Animal feed preparations nes ($18.9M), Structures and parts of structures, iron... ($15.3M), Agricultural, bee-keeping plant nes, germination plan ($10.9M), Cranes designed for mounting on road... ($9.54M), and Paper, cigarette, except in rolls <... ($9.06M).

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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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Flow
Value

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

This section shows forecasts for total exports and imports from PSKOV 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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Pskov Region ranks 37th 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 Pskov Region already has a comparative advantage, are led by Veneer Sheets (0.1), Plywood (0.098), Plastic Building Materials (0.097), Seats (0.096), and Raw Iron Bars (0.095).

Most Complex Products by PCI

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The highest complexity exports of Pskov Region according to the product complexity index (PCI) are Scrap Iron (-0.64), Peat (N/A), Self-adhesive Plastics (1.6), Valves (1.48), and Milling Stones (1.33). 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 Scrap Iron (233), Peat (204), High-voltage Protection Equipment (41.2), Pig Meat (37.7), and Sawn Wood (33.4).

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