Tver Region

Federal subject in CENTRAL FEDERAL DISTRICT, district of Russia

2019
Economic
Complexity
: 0.15, Rank 5 of 64

Nov 2020
Trade
Exports | Imports
: $44.4M | $48.5M, 55 of 85 | 37 of 84

Nov 2020
Country
Destination | Origin
: Egypt | China , $22.3M  | $8.81M

Nov 2020
Product
Exports | Imports
: Railway Passenger Cars | Locomotive Parts , $22.7M  | $4.55M

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

Exports: In 2020, Russia's Tver Region exported $316M, making it the 60th largest exporter out of the 85 exporters in Russia. In 2020 the top exports of Tver Region were Railway passenger and special purpose coaches ($114M), Leather: further prepared after tanning or... ($12.9M), Wood; coniferous species, of fir (Abies... ($11.6M), Thin sheets (voiles) of glass fibres ($8.78M), and Aluminium unwrought, alloyed ($8.75M).

Imports: In 2020, Russia's Tver Region imported $443M, making it the 40th largest importer out of the 85 importers in Russia. In 2020 top imports of Tver Region were Coffee, not roasted, not decaffeinated ($20.6M), Articles of iron or steel, nes ($18.2M), Parts of cranes, work-trucks, shovels, constr... ($17.3M), Cheese except fresh, grated, processed or... ($15.6M), and DC motors, DC generators, of an... ($13.7M).

Economic Complexity: In 2019, the highest complexity exports of Tver Region according to the product complexity index (PCI) are Oscilloscopes (1.77), Electric Furnaces (1.4), Iron Springs (1.06), Electric Filament (1.01), and Locomotive Parts (0.82). 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 TVER 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): Egypt, $82.5M

Top Product (2020): Railway passenger and special purpose coaches, $114M

In 2020 the top export destinations of Tver Region were Egypt ($82.5M), Kazakhstan ($49M), Belarus ($43.4M), Ukraine ($21.6M), and Germany ($13.5M).

In 2020 the top exports of Tver Region were Railway passenger and special purpose coaches ($114M), Leather: further prepared after tanning or... ($12.9M), Wood; coniferous species, of fir (Abies... ($11.6M), Thin sheets (voiles) of glass fibres ($8.78M), and Aluminium unwrought, alloyed ($8.75M).

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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): China, $77.7M

Top Import (2020): Coffee, not roasted, not decaffeinated, $20.6M

In 2020 the top import origins of Tver Region were China ($77.7M), Italy ($59.7M), Germany ($44.6M), Belarus ($36.8M), and Czechia ($33.5M).

In 2020 the top imports of Tver Region were Coffee, not roasted, not decaffeinated ($20.6M), Articles of iron or steel, nes ($18.2M), Parts of cranes, work-trucks, shovels, constr... ($17.3M), Cheese except fresh, grated, processed or... ($15.6M), and DC motors, DC generators, of an... ($13.7M).

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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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Tver Region ranks 5th 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. Tver Region it is in position 5th 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 Tver Region already has a comparative advantage, are led by Rapeseed (0.14), Insulating Glass (0.14), Soil Preparation Machinery (0.13), Other Prepared Meat (0.13), and Other Furniture (0.13).

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 (1.77), Electric Furnaces (1.4), Iron Springs (1.06), Electric Filament (1.01), and Locomotive Parts (0.82). 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 (105), Corrugated Paper (97.9), and Rock Wool (50.4).

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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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.