Pskov Region

Federal subject in NORTH WEST FEDERAL DISTRICT, district of Russia

2019
Economic
Complexity
: -0.19, Rank 28 of 64

Nov 2020
Trade
Exports | Imports
: $25.1M | $27.6M, 66 of 85 | 53 of 84

Nov 2020
Country
Destination | Origin
: Belarus | Belarus , $12.7M  | $5.25M

Nov 2020
Product
Exports | Imports
: Scrap Iron | Soybean Meal , $9.76M  | $3.32M

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

Exports: In 2020, Russia's Pskov Region exported $171M, making it the 69th largest exporter out of the 85 exporters in Russia. In 2020 the top exports of Pskov Region were Ferrous waste or scrap, nes ($47.8M), Swine cuts, frozen nes ($13.3M), Wood; coniferous species, of pine (Pinus... ($5.78M), Wood; coniferous species, of fir (Abies... ($4.94M), and Paper, cigarette, except in rolls <... ($4.69M).

Imports: In 2020, Russia's Pskov Region imported $244M, making it the 54th largest importer out of the 85 importers in Russia. In 2020 top imports of Pskov Region were Extruders for working rubber or plastic ($19.7M), Paper, cigarette, except in rolls <... ($8.8M), Electrical insulators of ceramics ($4.16M), Printed reading books, except dictionaries etc ($4.08M), and Machinery for treatment by temperature change... ($4.01M).

Economic Complexity: In 2019, the highest complexity exports of Pskov Region according to the product complexity index (PCI) are Electric Soldering Equipment (1.72), Metal Molds (1.52), Self-adhesive Plastics (1.38), Milling Stones (1.35), and Valves (1.34). 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 PSKOV 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): Belarus, $71.2M

Top Product (2020): Ferrous waste or scrap, nes, $47.8M

In 2020 the top export destinations of Pskov Region were Belarus ($71.2M), Vietnam ($16.1M), Estonia ($14.1M), Latvia ($13.9M), and Kazakhstan ($7.7M).

In 2020 the top exports of Pskov Region were Ferrous waste or scrap, nes ($47.8M), Swine cuts, frozen nes ($13.3M), Wood; coniferous species, of pine (Pinus... ($5.78M), Wood; coniferous species, of fir (Abies... ($4.94M), and Paper, cigarette, except in rolls <... ($4.69M).

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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): Belarus, $52.7M

Top Import (2020): Extruders for working rubber or plastic, $19.7M

In 2020 the top import origins of Pskov Region were Belarus ($52.7M), Germany ($40.9M), Latvia ($21.6M), Italy ($21.1M), and Austria ($18.3M).

In 2020 the top imports of Pskov Region were Extruders for working rubber or plastic ($19.7M), Paper, cigarette, except in rolls <... ($8.8M), Electrical insulators of ceramics ($4.16M), Printed reading books, except dictionaries etc ($4.08M), and Machinery for treatment by temperature change... ($4.01M).

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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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Pskov Region ranks 28th 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. Pskov Region it is in position 28th 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 Pskov Region already has a comparative advantage, are led by Plastic Building Materials (0.096), Veneer Sheets (0.095), Seats (0.095), Raw Iron Bars (0.094), and Mattresses (0.094).

Most Complex Products by PCI

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The highest complexity exports of Pskov Region according to the product complexity index (PCI) are Electric Soldering Equipment (1.72), Metal Molds (1.52), Self-adhesive Plastics (1.38), Milling Stones (1.35), and Valves (1.34). 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 Peat (237), Scrap Iron (224), High-voltage Protection Equipment (42.5), Pig Meat (38.1), and Sawn Wood (34.6).

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 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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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.