Smolensk Region

Federal subject in CENTRAL FEDERAL DISTRICT, district of Russia

2019
Economic
Complexity
: -0.067, Rank 22 of 64

Nov 2020
Trade
Exports | Imports
: $91.4M | $205M, 44 of 85 | 15 of 84

Nov 2020
Country
Destination | Origin
: Belarus | Belarus , $35.1M  | $162M

Nov 2020
Product
Exports | Imports
: Wheat | Refined Petroleum , $11M  | $29.9M

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

Exports: In 2020, Russia's Smolensk Region exported $828M, making it the 44th largest exporter out of the 85 exporters in Russia. In 2020 the top exports of Smolensk Region were Cereals: wheat and meslin, other than... ($79.2M), Ammonium nitrate, including solution, in pack... ($69.1M), Nitrogen-phosphorus-potassium fertilizers, pack >10kg ($58M), Sunflower seeds ($50.2M), and Diamonds (jewellery) worked but not mounted... ($30M).

Imports: In 2020, Russia's Smolensk Region imported $1.6B, making it the 17th largest importer out of the 85 importers in Russia. In 2020 top imports of Smolensk Region were Milk and cream nes sweetened or... ($50.6M), Dairy produce: derived from milk, butter ($41.7M), Light petroleum distillates nes ($41.5M), Cheese except fresh, grated, processed or... ($39.8M), and Bovine cuts boneless, fresh or chilled ($36.5M).

Economic Complexity: In 2019, the highest complexity exports of Smolensk Region according to the product complexity index (PCI) are Artificial Graphite (1.08), Electric Filament (1.01), Steel Ingots (0.87), Locomotive Parts (0.82), and Newspapers (0.76). 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 SMOLENSK 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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Depth

Top Destination (2020): Belarus, $328M

Top Product (2020): Cereals: wheat and meslin, other than..., $79.2M

In 2020 the top export destinations of Smolensk Region were Belarus ($328M), Brazil ($94.9M), Turkey ($94.4M), Kazakhstan ($28.1M), and Romania ($26.5M).

In 2020 the top exports of Smolensk Region were Cereals: wheat and meslin, other than... ($79.2M), Ammonium nitrate, including solution, in pack... ($69.1M), Nitrogen-phosphorus-potassium fertilizers, pack >10kg ($58M), Sunflower seeds ($50.2M), and Diamonds (jewellery) worked but not mounted... ($30M).

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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, $1.23B

Top Import (2020): Milk and cream nes sweetened or..., $50.6M

In 2020 the top import origins of Smolensk Region were Belarus ($1.23B), Germany ($78.6M), China ($63.1M), Poland ($29.8M), and Italy ($27.4M).

In 2020 the top imports of Smolensk Region were Milk and cream nes sweetened or... ($50.6M), Dairy produce: derived from milk, butter ($41.7M), Light petroleum distillates nes ($41.5M), Cheese except fresh, grated, processed or... ($39.8M), and Bovine cuts boneless, fresh or chilled ($36.5M).

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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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Smolensk Region ranks 22nd 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. Smolensk Region it is in position 22nd 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 Smolensk Region already has a comparative advantage, are led by Wood Carpentry (0.21), Chocolate (0.21), Other Vegetable Residues (0.21), Sausages (0.21), and Fermented Milk Products (0.2).

Most Complex Products by PCI

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The highest complexity exports of Smolensk Region according to the product complexity index (PCI) are Artificial Graphite (1.08), Electric Filament (1.01), Steel Ingots (0.87), Locomotive Parts (0.82), and Newspapers (0.76). 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 Wood Fiberboard (91.7), Particle Board (89.4), Nitrogenous Fertilizers (85.1), Other Mineral (77.6), and Leather of Other Animals (65).

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