Tver Region

Federal subject in CENTRAL FEDERAL DISTRICT, district of Russia

Exports (2019): $338M, Rnk 61/85

Top Destination (2019): $86.7M, Belarus

Top Export (2019): $63.1M, Railway passenger and special purpose coaches

Imports (2019): $547M, Rnk 40/85

Top Origin (2019): $107M, China

Top Import (2019): $28.4M, Coffee, not roasted, not decaffeinated

Economic Complexity (2019): 0.11, Rnk 7 / 85

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

Exports: In 2019, Russia's Tver Region exported $338M, making it the 61st largest exporter out of the 85 exporters in Russia. In 2019 the top exports of Tver Region were Railway passenger and special purpose coaches ($63.1M), Leather: further prepared after tanning or... ($23.9M), Wood; coniferous species, of fir (Abies... ($14.2M), Swine carcasses and half carcasses, fresh... ($10.7M), and Thin sheets (voiles) of glass fibres ($9.1M).

Imports: In 2019, Russia's Tver Region imported $547M, making it the 40th largest importer out of the 85 importers in Russia. In 2019 top imports of Tver Region were Coffee, not roasted, not decaffeinated ($28.4M), Parts of cranes, work-trucks, shovels, constr... ($28.2M), Articles of iron or steel, nes ($20.4M), Cheese except fresh, grated, processed or... ($20M), and Gearing, ball screws, speed changers, torque... ($10.7M).

Economic Complexity: In 2019, the highest complexity exports of Tver Region according to the product complexity index (PCI) are Oscilloscopes (1.21), Iron Springs (1.12), Electric Filament (1.02), Other Iron Products (0.99), and Large Construction Vehicles (0.88). 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, $86.7M

Top Product (2019): Railway passenger and special purpose coaches, $63.1M

In 2019 the top export destinations of Tver Region were Belarus ($86.7M), Kazakhstan ($70.3M), Ukraine ($25.5M), Germany ($13.2M), and Estonia ($12.8M).

In 2019 the top exports of Tver Region were Railway passenger and special purpose coaches ($63.1M), Leather: further prepared after tanning or... ($23.9M), Wood; coniferous species, of fir (Abies... ($14.2M), Swine carcasses and half carcasses, fresh... ($10.7M), and Thin sheets (voiles) of glass fibres ($9.1M).

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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): China, $107M

Top Import (2019): Coffee, not roasted, not decaffeinated, $28.4M

In 2019 the top import origins of Tver Region were China ($107M), Italy ($76M), Japan ($52.6M), Germany ($47.9M), and Belarus ($47.5M).

In 2019 the top imports of Tver Region were Coffee, not roasted, not decaffeinated ($28.4M), Parts of cranes, work-trucks, shovels, constr... ($28.2M), Articles of iron or steel, nes ($20.4M), Cheese except fresh, grated, processed or... ($20M), and Gearing, ball screws, speed changers, torque... ($10.7M).

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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 TVER REGION throughout time.

This section shows forecasts for total exports and imports from TVER 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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Tver Region ranks 7th 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 Tver Region already has a comparative advantage, are led by Rapeseed (0.14), Insulating Glass (0.14), Other Prepared Meat (0.14), Soil Preparation Machinery (0.14), and Sausages (0.14).

Most Complex Products by PCI

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The highest complexity exports of Tver Region according to the product complexity index (PCI) are Oscilloscopes (1.21), Iron Springs (1.12), Electric Filament (1.02), Other Iron Products (0.99), and Large Construction Vehicles (0.88). 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 Railway Passenger Cars (N/A), Leather of Other Animals (N/A), Oxometallic or Peroxometallic Acid Salts (120), Corrugated Paper (96.9), and Rock Wool (50.1).

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