TVER REGIONFederal subject in CENTRAL FEDERAL DISTRICT, district of Russia
2020 Economic Complexity : 0.055, Rank 11 of 61
Jan 2022 Trade Exports | Imports: $23.1M | $64.2M, 63 of 85 | 35 of 83
Jan 2022 Country Destination | Origin: Belarus | China , $3.89M | $19.9M
Jan 2022 Product Exports | Imports: Railway passenger and special purpose coaches | Manganese, articles thereof, waste or scrap , $3.18M | $4.55M
Overview This page contains the latest international trade data for TVER REGION. In January 2022 TVER REGION was the number 57 in total exports and the number 40 in total imports in Russia.
Exports In 2021, Russia's Tver Region exported $603M, making it the 57th largest exporter out of the 85 exporters in Russia. In 2021 the top exports of Tver Region were Railway passenger and special purpose coaches ($272M), Wood; coniferous species, of fir (Abies... ($27.4M), Leather: further prepared after tanning or... ($22.9M), Aluminium unwrought, alloyed ($21.1M), and Thin sheets (voiles) of glass fibres ($15M).
Imports In 2021, Russia's Tver Region imported $678M, making it the 40th largest importer out of the 85 importers in Russia. In 2021 top imports of Tver Region were Coffee, not roasted, not decaffeinated ($41.8M), Sausages, similar products of meat, meat... ($35.4M), Parts of cranes, work-trucks, shovels, constr... ($33.2M), Articles of iron or steel, nes ($20.3M), and Manganese, articles thereof, waste or scrap ($15.6M).
Economic Complexity In 2020, the highest complexity exports of Tver Region according to the product complexity index (PCI) are Rock Wool (0.52), Railway Passenger Cars (0.3), Leather of Other Animals (-0.87), Oxometallic or Peroxometallic Acid Salts (undefined), and Glass Fibers (0.47). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
January, 2022
Overview In January 2022 TVER REGION exported $23.1M and imported $64.2M, resulting in a negative trade balance of $41.1M. Between January 2021 and January 2022 the exports of TVER REGION have decreased by $-40.1M (-63.5%) from $63.2M to $23.1M, while imports increased by $31M (93.1%) from $33.3M to $64.2M.
Trade In January 2022, the top exports of TVER REGION were Railway Passenger Cars ($3.18M), Glass Fibers ($1.81M), Sawn Wood ($1.78M), Raw Aluminium ($1.73M), and Leather of Other Animals ($1.56M). In January 2022 the top imports of TVER REGION were Manganese ($4.55M), Excavation Machinery ($4.44M), Leather Footwear ($4.09M), Artificial Textile Machinery ($4.06M), and Sausages ($3.28M).
Destinations In January 2022, TVER REGION exported mostly to Belarus ($3.89M), Hungary ($3.32M), Ukraine ($1.69M), Germany ($1.1M), and Estonia ($1.08M), and imported mostly from China ($19.9M), Japan ($7.21M), Germany ($6.78M), South Korea ($5.97M), and Belarus ($4.96M).
Growth In January 2022, the decrease in TVER REGION's year-by-year exports was explained primarily by an decrease in exports to Belarus ($-1.72M or -37.2%), Ukraine ($-1.41M or -57.9%), and Israel ($-249k or -76.6%), and product exports decrease in Pig Meat ($-897k or -78.4%), Motor vehicles; parts and accessories (8701... ($-457k or -54.8%), and Integrated Circuits ($-421k or -82.8%). In January 2022, the increase in TVER REGION's year-by-year imports was explained primarily by an increase in imports from China ($1.44M or 17.6%), Hungary ($1.08M or 620%), and Poland ($527k or 75.7%), and product imports increase in Locomotive Parts ($2.16M or 1.62k%), Electric Heaters ($810k or 116%), and Antibiotics ($453k or 470%).
EXPORT GROWTH (January 2021 - January 2022): $-40.1M, (-63.5%)
IMPORT GROWTH (January 2021 - January 2022): $31M, (93.1%)
This section shows exports and imports data at subnational level for TVER REGION. 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 TVER REGION over time.
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Top Destination (2021): Egypt, $168M
Top Product (2021): Railway passenger and special purpose coaches, $272M
In 2021 the top export destinations of Tver Region were Egypt ($168M), Kazakhstan ($80.1M), Belarus ($66.9M), Hungary ($38.4M), and Ukraine ($28.3M).
In 2021 the top exports of Tver Region were Railway passenger and special purpose coaches ($272M), Wood; coniferous species, of fir (Abies... ($27.4M), Leather: further prepared after tanning or... ($22.9M), Aluminium unwrought, alloyed ($21.1M), and Thin sheets (voiles) of glass fibres ($15M).
Top Origin (2021): China, $137M
Top Import (2021): Coffee, not roasted, not decaffeinated, $41.8M
In 2021 the top import origins of Tver Region were China ($137M), Belarus ($81.3M), Italy ($76.8M), Germany ($55.4M), and Japan ($51.1M).
In 2021 the top imports of Tver Region were Coffee, not roasted, not decaffeinated ($41.8M), Sausages, similar products of meat, meat... ($35.4M), Parts of cranes, work-trucks, shovels, constr... ($33.2M), Articles of iron or steel, nes ($20.3M), and Manganese, articles thereof, waste or scrap ($15.6M).
Economic Complexity (2021): 0.055
Tver Region ranks 11th out of the 85 districts in Russia according to ECI.
The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.
Estimated using exports data.
The economic complexity of a territory can change year to year. Tver Region it is in position 11th considering its ECI in the last year.
The top export opportunities according to the relatedness level, without considering those products were Tver Region already has a comparative advantage, are led by Particle Board (0.11), Sausages (0.11), Chocolate (0.11), Veneer Sheets (0.11), and Cheese (0.11).
The highest complexity exports of Tver Region according to the product complexity index (PCI) are Rock Wool (0.52), Railway Passenger Cars (0.3), Leather of Other Animals (-0.87), Oxometallic or Peroxometallic Acid Salts (undefined), and Glass Fibers (0.47). 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 Railway Passenger Cars (5084.1), Leather of Other Animals (813.0), Oxometallic or Peroxometallic Acid Salts (68.7), Raw Furskins (52.9), and Glass Fibers (36.1).
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.
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. Bubble size corresponds to exports value by year 2020.
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