TVER REGIONFederal subject in CENTRAL FEDERAL DISTRICT, district of Russia
2020 Economic Complexity : 0.21, Rank 3 of 58
Jun 2021 Trade Exports | Imports: $46.8M | $56.1M, 61 of 85 | 41 of 84
Jun 2021 Country Destination | Origin: Egypt | China , $8M | $10.9M
Jun 2021 Product Exports | Imports: Railway passenger and special purpose coaches | Sausages, similar products of meat, meat offal &..., $16M | $3.04M
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 $380M, 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 ($154M), Leather: further prepared after tanning or... ($14.2M), Wood; coniferous species, of fir (Abies... ($12.9M), Aluminium unwrought, alloyed ($9.94M), and Thin sheets (voiles) of glass fibres ($9.56M).
Imports In 2020, Russia's Tver Region imported $503M, 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 ($23.6M), Parts of cranes, work-trucks, shovels, constr... ($20.1M), Articles of iron or steel, nes ($19.4M), Cheese except fresh, grated, processed or... ($17.4M), and DC motors, DC generators, of an... ($14.8M).
Economic Complexity In 2020, the highest complexity exports of Tver Region according to the product complexity index (PCI) are Railway Passenger Cars (0.23), Leather of Other Animals (-1.13), Oxometallic or Peroxometallic Acid Salts (undefined), Corrugated Paper (undefined), and Electric Filament (1.01). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
June, 2021
Overview In June 2021 TVER REGION exported $46.8M and imported $56.1M, resulting in a negative trade balance of $9.23M. Between June 2020 and June 2021 the exports of TVER REGION have decreased by $-284k (-0.6%) from $47.1M to $46.8M, while imports increased by $11.1M (24.8%) from $44.9M to $56.1M.
Trade In June 2021, the top exports of TVER REGION were Railway Passenger Cars ($16M), Sawn Wood ($4.88M), Leather of Other Animals ($2.25M), Raw Aluminium ($2.17M), and Plywood ($1.26M). In June 2021 the top imports of TVER REGION were Locomotive Parts ($3.15M), Sausages ($3.04M), Machinery Having Individual Functions ($2.48M), Excavation Machinery ($2.44M), and Coffee ($2.25M).
Destinations In June 2021, TVER REGION exported mostly to Egypt ($8M), Armenia ($5.03M), Belarus ($5M), Hungary ($3.93M), and Ukraine ($2.96M), and imported mostly from China ($10.9M), Italy ($6.86M), Belarus ($6.58M), Germany ($4.9M), and Japan ($3.46M).
Growth In June 2021, the decrease in TVER REGION's year-by-year exports was explained primarily by an decrease in exports to Kazakhstan ($-17.7M or -85.7%), Spain ($-234k or -23.4%), and Japan ($-197k or -100%), and product exports decrease in Railway Passenger Cars ($-9.48M or -37.2%), Large Construction Vehicles ($-922k or -64.2%), and Locomotive Parts ($-488k or -76.1%). In June 2021, the increase in TVER REGION's year-by-year imports was explained primarily by an increase in imports from China ($3.91M or 55.9%), Belarus ($3.08M or 88%), and Slovakia ($2.9M or 45.2k%), and product imports increase in Sausages ($2.75M or 950%), Machinery Having Individual Functions ($2.33M or 1.6k%), and Recovered Paper ($1.39M or 1.24k%).
EXPORT GROWTH (June 2020 - June 2021): $-284k, (-0.6%)
IMPORT GROWTH (June 2020 - June 2021): $11.1M, (24.8%)
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.
For full datasets download visit Bulk Download page.
Top Destination (2020): Egypt, $106M
Top Product (2020): Railway passenger and special purpose coaches, $154M
In 2020 the top export destinations of Tver Region were Egypt ($106M), Kazakhstan ($65M), Belarus ($48.5M), Ukraine ($23.8M), and Germany ($14.2M).
In 2020 the top exports of Tver Region were Railway passenger and special purpose coaches ($154M), Leather: further prepared after tanning or... ($14.2M), Wood; coniferous species, of fir (Abies... ($12.9M), Aluminium unwrought, alloyed ($9.94M), and Thin sheets (voiles) of glass fibres ($9.56M).
Top Origin (2020): China, $89M
Top Import (2020): Coffee, not roasted, not decaffeinated, $23.6M
In 2020 the top import origins of Tver Region were China ($89M), Italy ($66.5M), Germany ($50.7M), Belarus ($40.5M), and Czechia ($38.1M).
In 2020 the top imports of Tver Region were Coffee, not roasted, not decaffeinated ($23.6M), Parts of cranes, work-trucks, shovels, constr... ($20.1M), Articles of iron or steel, nes ($19.4M), Cheese except fresh, grated, processed or... ($17.4M), and DC motors, DC generators, of an... ($14.8M).
Economic Complexity (2020): 0.21
Tver Region ranks 3rd 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 3rd 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 Veneer Sheets (0.11), Other Prepared Meat (0.11), Antifreeze (0.11), Soil Preparation Machinery (0.11), and Chocolate (0.11).
The highest complexity exports of Tver Region according to the product complexity index (PCI) are Railway Passenger Cars (0.23), Leather of Other Animals (-1.13), Oxometallic or Peroxometallic Acid Salts (undefined), Corrugated Paper (undefined), and Electric Filament (1.01). 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 (3985.8), Leather of Other Animals (705.5), Oxometallic or Peroxometallic Acid Salts (106.7), Corrugated Paper (76.8), and Fuel Wood (44.3).
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 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.