Volgograd Region

Federal subject in SOUTHERN FEDERAL DISTRICT, district of Russia

2019
Economic
Complexity
: -0.22, Rank 33 of 64

Nov 2020
Trade
Exports | Imports
: $130M | $49.6M, 33 of 85 | 36 of 84

Nov 2020
Country
Destination | Origin
: Ukraine | China , $47.4M  | $8.16M

Nov 2020
Product
Exports | Imports
: Refined Petroleum | Raw Tobacco , $54.1M  | $4.5M

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

Exports: In 2020, Russia's Volgograd Region exported $1.28B, making it the 34th largest exporter out of the 85 exporters in Russia. In 2020 the top exports of Volgograd Region were Pipe-line submerged arc welded steel diameter... ($250M), Light petroleum distillates nes ($171M), Petroleum spirit for motor vehicles ($70.2M), Carbon (carbon blacks and other forms... ($68.3M), and Rectangular iron or non-alloy steel bars,... ($46.5M).

Imports: In 2020, Russia's Volgograd Region imported $531M, making it the 34th largest importer out of the 85 importers in Russia. In 2020 top imports of Volgograd Region were Aluminium oxide, except artificial corundum ($41.1M), Diesel powered trucks weighing > 20... ($24.9M), Carbon and graphite furnace electrodes ($19.4M), Wadding, products, manmade fibres, not sanitary... ($15.7M), and Tobacco, unmanufactured, stemmed or stripped ($14.6M).

Economic Complexity: In 2019, the highest complexity exports of Volgograd Region according to the product complexity index (PCI) are Amine Compounds (0.95), Steel Ingots (0.87), Organo-Sulfur Compounds (0.87), Other Large Iron Pipes (0.66), and Hydraulic Brake Fluid (0.62). 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 VOLGOGRAD 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): Bulgaria, $179M

Top Product (2020): Pipe-line submerged arc welded steel diameter..., $250M

In 2020 the top export destinations of Volgograd Region were Bulgaria ($179M), Ukraine ($159M), Uzbekistan ($107M), Turkey ($102M), and Kazakhstan ($99.3M).

In 2020 the top exports of Volgograd Region were Pipe-line submerged arc welded steel diameter... ($250M), Light petroleum distillates nes ($171M), Petroleum spirit for motor vehicles ($70.2M), Carbon (carbon blacks and other forms... ($68.3M), and Rectangular iron or non-alloy steel bars,... ($46.5M).

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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, $102M

Top Import (2020): Aluminium oxide, except artificial corundum, $41.1M

In 2020 the top import origins of Volgograd Region were China ($102M), Ukraine ($62.3M), Italy ($53.6M), Belarus ($50M), and Germany ($49.7M).

In 2020 the top imports of Volgograd Region were Aluminium oxide, except artificial corundum ($41.1M), Diesel powered trucks weighing > 20... ($24.9M), Carbon and graphite furnace electrodes ($19.4M), Wadding, products, manmade fibres, not sanitary... ($15.7M), and Tobacco, unmanufactured, stemmed or stripped ($14.6M).

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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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Volgograd Region ranks 33rd 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. Volgograd Region it is in position 33rd 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 Volgograd Region already has a comparative advantage, are led by Crude Petroleum (0.13), Nitrogenous Fertilizers (0.12), Petroleum Gas (0.12), Seed Oils (0.11), and Raw Lead (0.11).

Most Complex Products by PCI

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The highest complexity exports of Volgograd Region according to the product complexity index (PCI) are Amine Compounds (0.95), Steel Ingots (0.87), Organo-Sulfur Compounds (0.87), Other Large Iron Pipes (0.66), and Hydraulic Brake Fluid (0.62). 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 Carbon (247), Carbides (218), Other Large Iron Pipes (207), Aluminium Powder (126), and Iron Pipes (112).

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