Smolensk Region

Federal subject in CENTRAL FEDERAL DISTRICT, district of Russia

Exports (2019): $1.06B, Rnk 43/85

Top Destination (2019): $442M, Belarus

Top Export (2019): $109M, Ammonium nitrate, including solution, in pack...

Imports (2019): $1.85B, Rnk 18/85

Top Origin (2019): $1.36B, Belarus

Top Import (2019): $51M, Dairy produce: derived from milk, butter

Economic Complexity (2019): -0.032, Rnk 19 / 85

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

Exports: In 2019, Russia's Smolensk Region exported $1.06B, making it the 43rd largest exporter out of the 85 exporters in Russia. In 2019 the top exports of Smolensk Region were Ammonium nitrate, including solution, in pack... ($109M), Diamonds (jewellery) worked but not mounted... ($102M), Cereals: wheat and meslin, other than... ($77.4M), Nitrogen-phosphorus-potassium fertilizers, pack >10kg ($59.5M), and Particle board of wood, whether or... ($43.8M).

Imports: In 2019, Russia's Smolensk Region imported $1.85B, making it the 18th largest importer out of the 85 importers in Russia. In 2019 top imports of Smolensk Region were Dairy produce: derived from milk, butter ($51M), Ethylene polymers; in primary forms, ethylene-alpha-olefin... ($47.4M), Milk and cream nes sweetened or... ($46.3M), Tricycles, scooters, pedal cars and similar... ($44.9M), and Bovine cuts boneless, frozen ($38.2M).

Economic Complexity: In 2019, the highest complexity exports of Smolensk Region according to the product complexity index (PCI) are Artificial Graphite (1.16), Electric Filament (1.02), Locomotive Parts (0.99), Binoculars and Telescopes (0.94), and Rock Wool (0.75). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

#permalink to section
Value
Depth
Year

Top Destination (2019): Belarus, $442M

Top Product (2019): Ammonium nitrate, including solution, in pack..., $109M

In 2019 the top export destinations of Smolensk Region were Belarus ($442M), Brazil ($135M), Turkey ($61.4M), Lithuania ($43.6M), and Israel ($42.2M).

In 2019 the top exports of Smolensk Region were Ammonium nitrate, including solution, in pack... ($109M), Diamonds (jewellery) worked but not mounted... ($102M), Cereals: wheat and meslin, other than... ($77.4M), Nitrogen-phosphorus-potassium fertilizers, pack >10kg ($59.5M), and Particle board of wood, whether or... ($43.8M).

Explore Visualizations

Export Dynamics

#permalink to section

Fastest Growing Exports Destination (September 2019 - September 2020)

Rapidly Declining Export Origins (September 2019 - September 2020)

Yearly Imports

#permalink to section
Value
Depth
Year

Top Origin (2019): Belarus, $1.36B

Top Import (2019): Dairy produce: derived from milk, butter, $51M

In 2019 the top import origins of Smolensk Region were Belarus ($1.36B), Germany ($109M), China ($74.8M), Italy ($53.2M), and Poland ($33.7M).

In 2019 the top imports of Smolensk Region were Dairy produce: derived from milk, butter ($51M), Ethylene polymers; in primary forms, ethylene-alpha-olefin... ($47.4M), Milk and cream nes sweetened or... ($46.3M), Tricycles, scooters, pedal cars and similar... ($44.9M), and Bovine cuts boneless, frozen ($38.2M).

Explore Visualizations

Import Dynamics

#permalink to section

Fastest Growing Import Origins (August 2019 - August 2020)

Rapidly Declining Import Origins (August 2019 - August 2020)

Comparison in Time

#permalink to section
Flow
Value

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

This section shows forecasts for total exports and imports from SMOLENSK REGION. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

Explore Forecasts

Economic Complexity

#permalink to section

Economic Complexity of Russia

#permalink to section

Smolensk Region ranks 19th out of the 85 federal subjects in Russia according to ECI.

Estimated using exports data.

Discover Economic Complexity

Export Opportunities by Relatedness

#permalink to section

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), Fermented Milk Products (0.21), Insulating Glass (0.21), Chocolate (0.21), and Sausages (0.21).

Most Complex Products by PCI

#permalink to section

The highest complexity exports of Smolensk Region according to the product complexity index (PCI) are Artificial Graphite (1.16), Electric Filament (1.02), Locomotive Parts (0.99), Binoculars and Telescopes (0.94), and Rock Wool (0.75). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

#permalink to section

The most specialized products according to the RCA index are led by Wood Fiberboard (93.2), Nitrogenous Fertilizers (87.2), Particle Board (85.8), Other Mineral (84.5), and Leather of Other Animals (59.2).

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

#permalink to section

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

#permalink to section
Depth
Filter

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.