Volgograd Region

Federal subject in SOUTHERN FEDERAL DISTRICT, district of Russia

Exports (2019): $1.47B, Rnk 34/85

Top Destination (2019): $145M, Ukraine

Top Export (2019): $185M, Light petroleum distillates nes

Imports (2019): $711M, Rnk 32/85

Top Origin (2019): $114M, China

Top Import (2019): $37.4M, Aluminium oxide, except artificial corundum

Economic Complexity (2019): -0.3, Rnk 35 / 85

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

Exports: In 2019, Russia's Volgograd Region exported $1.47B, making it the 34th largest exporter out of the 85 exporters in Russia. In 2019 the top exports of Volgograd Region were Light petroleum distillates nes ($185M), Iron or steel (excluding cast iron... ($140M), Pipe-line submerged arc welded steel diameter... ($125M), Carbon (carbon blacks and other forms... ($97.2M), and Petroleum spirit for motor vehicles ($88.1M).

Imports: In 2019, Russia's Volgograd Region imported $711M, making it the 32nd largest importer out of the 85 importers in Russia. In 2019 top imports of Volgograd Region were Aluminium oxide, except artificial corundum ($37.4M), Iron or non-alloy steel: in coils,... ($31.5M), Tobacco, unmanufactured, stemmed or stripped ($31.2M), Diesel powered trucks weighing > 20... ($24.1M), and Iron or non-alloy steel: (not in... ($23M).

Economic Complexity: In 2019, the highest complexity exports of Volgograd Region according to the product complexity index (PCI) are Organo-Sulfur Compounds (0.83), Steel Ingots (0.7), Other Steel Bars (0.46), Refractory Bricks (0.35), and Glaziers Putty (0.35). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Top Destination (2019): Ukraine, $145M

Top Product (2019): Light petroleum distillates nes, $185M

In 2019 the top export destinations of Volgograd Region were Ukraine ($145M), United States ($140M), Bulgaria ($132M), Kazakhstan ($123M), and Turkey ($85.2M).

In 2019 the top exports of Volgograd Region were Light petroleum distillates nes ($185M), Iron or steel (excluding cast iron... ($140M), Pipe-line submerged arc welded steel diameter... ($125M), Carbon (carbon blacks and other forms... ($97.2M), and Petroleum spirit for motor vehicles ($88.1M).

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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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Year

Top Origin (2019): China, $114M

Top Import (2019): Aluminium oxide, except artificial corundum, $37.4M

In 2019 the top import origins of Volgograd Region were China ($114M), Ukraine ($84.8M), Germany ($76.8M), Italy ($58M), and Kazakhstan ($56.1M).

In 2019 the top imports of Volgograd Region were Aluminium oxide, except artificial corundum ($37.4M), Iron or non-alloy steel: in coils,... ($31.5M), Tobacco, unmanufactured, stemmed or stripped ($31.2M), Diesel powered trucks weighing > 20... ($24.1M), and Iron or non-alloy steel: (not in... ($23M).

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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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This section shows differences between total trade from VOLGOGRAD REGION throughout time.

This section shows forecasts for total exports and imports from VOLGOGRAD 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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Volgograd Region ranks 35th 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 Volgograd Region already has a comparative advantage, are led by Crude Petroleum (0.14), Nitrogenous Fertilizers (0.12), Petroleum Gas (0.12), Raw Lead (0.12), and Seed Oils (0.12).

Most Complex Products by PCI

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The highest complexity exports of Volgograd Region according to the product complexity index (PCI) are Organo-Sulfur Compounds (0.83), Steel Ingots (0.7), Other Steel Bars (0.46), Refractory Bricks (0.35), and Glaziers Putty (0.35). 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 (262), Carbides (209), Other Large Iron Pipes (202), Aluminium Powder (136), 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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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.