St. PetersburgFederal subject in NORTH WEST FEDERAL DISTRICT, district of Russia
2019 Economic Complexity: -0.46, Rank 49 of 64
Nov 2020 Trade Exports | Imports: $2.17B | $2.12B, 2 of 85 | 3 of 84
Nov 2020 Country Destination | Origin: Netherlands | China , $527M | $461M
Nov 2020 Product Exports | Imports: Crude Petroleum | Commodities not elsewhere specified , $828M | $166M
Overview: This page contains the latest international trade data for ST. PETERSBURG, including export and import data.
Exports: In 2020, Russia's St. Petersburg exported $18.1B, making it the 2nd largest exporter out of the 85 exporters in Russia. In 2020 the top exports of St. Petersburg were Petroleum oils, oils from bituminous minerals,... ($5.09B), Light petroleum distillates nes ($3.93B), Gold in unwrought forms non-monetary ($1.42B), Petroleum spirit for motor vehicles ($1.31B), and Commodities not specified according to kind ($1.15B).
Imports: In 2020, Russia's St. Petersburg imported $17.9B, making it the 3rd largest importer out of the 85 importers in Russia. In 2020 top imports of St. Petersburg were Commodities not specified according to kind ($886M), Engines, spark-ignition reciprocating, over 1000 cc ($384M), Parts and accessories of bodies nes... ($313M), Transmissions for motor vehicles ($292M), and Fruit, edible: bananas, other than plantains,... ($277M).
Economic Complexity: In 2019, the highest complexity exports of St. Petersburg according to the product complexity index (PCI) are Newsprint (1.13), Vehicle Bodies (0.91), Cathode Tubes (0.67), Other Large Iron Pipes (0.66), and Stone Processing Machines (0.57). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Overview: In November 2020 ST. PETERSBURG exported $2.17B and imported $2.12B, resulting in a positive trade balance of $55.1M. Between November 2019 and November 2020 the exports of ST. PETERSBURG have increased by $115M (5.61%) from $2.06B to $2.17B, while imports increased by $215M (11.3%) from $1.9B to $2.12B.
Trade: In November 2020, the top exports of ST. PETERSBURG were Crude Petroleum ($828M), Refined Petroleum ($404M), Gold ($185M), Commodities not elsewhere specified ($161M), and Scrap Iron ($53.2M). In November 2020 the top imports of ST. PETERSBURG were Commodities not elsewhere specified ($166M), Vehicle Parts ($158M), Spark-Ignition Engines ($61.8M), Electrical Control Boards ($37.2M), and Electric Soldering Equipment ($36.9M).
Destinations: In November 2020, ST. PETERSBURG exported mostly to Netherlands ($527M), United Kingdom ($326M), China ($167M), United States ($119M), and Belarus ($110M), and imported mostly from China ($461M), United States ($217M), Germany ($179M), South Korea ($163M), and Japan ($91.5M).
Growth: In November 2020, the increase in ST. PETERSBURG's year-by-year exports was explained primarily by an increase in exports to United Kingdom ($258M or 378%), Netherlands ($177M or 50.5%), and Israel ($101M or 5.89k%), and product exports increase in Crude Petroleum ($236M or 39.8%), Commodities not elsewhere specified ($114M or 239%), and Specialized Vehicles ($35.8M or 10.7k%). In November 2020, the increase in ST. PETERSBURG's year-by-year imports was explained primarily by an increase in imports from United States ($159M or 279%), South Korea ($58.8M or 56.3%), and China ($57M or 14.1%), and product imports increase in Commodities not elsewhere specified ($149M or 833%), Electric Soldering Equipment ($34.5M or 1.48k%), and Electrical Control Boards ($22.1M or 146%).
EXPORT GROWTH (November 2019 - November 2020): $115M, (5.61%)
IMPORT GROWTH (November 2019 - November 2020): $215M, (11.3%)
This section shows exports and imports data at subnational level for ST. PETERSBURG. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of ST. PETERSBURG over time.
This section shows the differences between ST. PETERSBURG's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Russia's country profile.
Top Destination (2020): Netherlands, $2.99B
Top Product (2020): Petroleum oils, oils from bituminous minerals,..., $5.09B
In 2020 the top export destinations of St. Petersburg were Netherlands ($2.99B), United Kingdom ($2.08B), United States ($1.65B), China ($1.52B), and Germany ($1.5B).
In 2020 the top exports of St. Petersburg were Petroleum oils, oils from bituminous minerals,... ($5.09B), Light petroleum distillates nes ($3.93B), Gold in unwrought forms non-monetary ($1.42B), Petroleum spirit for motor vehicles ($1.31B), and Commodities not specified according to kind ($1.15B).
Fastest Growing Exports Destination (Nov 2019 - Nov 2020)
Rapidly Declining Export Origins (Nov 2019 - Nov 2020)
Top Origin (2020): China, $4.08B
Top Import (2020): Commodities not specified according to kind, $886M
In 2020 the top import origins of St. Petersburg were China ($4.08B), Germany ($1.54B), South Korea ($1.09B), United States ($1.08B), and Japan ($899M).
In 2020 the top imports of St. Petersburg were Commodities not specified according to kind ($886M), Engines, spark-ignition reciprocating, over 1000 cc ($384M), Parts and accessories of bodies nes... ($313M), Transmissions for motor vehicles ($292M), and Fruit, edible: bananas, other than plantains,... ($277M).
Fastest Growing Import Origins (Nov 2019 - Nov 2020)
St. Petersburg ranks 49th out of the 85 districts in Russia according to ECI.
Estimated using exports data.
The economic complexity of a territory can change year to year. St. Petersburg it is in position 49th considering its ECI in the last year.
The top export opportunities according to the relatedness level, without considering those products were St. Petersburg already has a comparative advantage, are led by Ammonia (0.095), Petroleum Gas (0.094), Coal Briquettes (0.09), Semi chemical Woodpulp (0.09), and Dried Legumes (0.09).
The highest complexity exports of St. Petersburg according to the product complexity index (PCI) are Newsprint (1.13), Vehicle Bodies (0.91), Cathode Tubes (0.67), Other Large Iron Pipes (0.66), and Stone Processing Machines (0.57). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The most specialized products according to the RCA index are led by Tar (27.6), Sulphur (26), Copper Powder (18.3), Coal Tar Oil (18.3), and Newsprint (17.3).
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 St. Petersburg 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.
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.
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