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Federal subject in SOUTHERN FEDERAL DISTRICT, district of Russia

2021
Economic
Complexity -0.27Rank 34 of 61
Jan 2022
Trade
Exports | Imports $262M | $62.6M27 of 85 | 37 of 83
Jan 2022
Country
Destination | Origin South Korea | China $57M  | $12.8M

About

Overview This page contains the latest international trade data for VOLGOGRAD REGION. In January 2022 VOLGOGRAD REGION was the number 29 in total exports and the number 36 in total imports in Russia.

Exports In 2021, Russia's Volgograd Region exported $262M, making it the 29th largest exporter out of the 85 exporters in Russia. In 2021 the top exports of Volgograd Region were Light petroleum distillates nes ($1.2B), Petroleum spirit for motor vehicles ($625M), Carbon (carbon blacks and other forms... ($149M), Cereals: wheat and meslin, other than... ($89.8M), and Pipe-line submerged arc welded steel diameter... ($81.3M).

Imports In 2021, Russia's Volgograd Region imported $62.6M, making it the 36th largest importer out of the 85 importers in Russia. In 2021 top imports of Volgograd Region were Aluminium oxide, except artificial corundum ($52.6M), Iron/Steel Sheets: Medium Thickness, Cold-Rolled, Wide... ($27.7M), Diesel Trucks > 20 tonnes ($18.4M), Tobacco, unmanufactured, stemmed or stripped ($16.8M), and Flat rolled iron or non-alloy steel,... ($16.7M).

Economic Complexity In 2021, the highest complexity exports of Volgograd Region according to the product complexity index (PCI) are Lubricating Products (1.68), Organo-Sulfur Compounds (1.41), Milling Stones (1.23), Rubber Pipes (0.82), Refractory Bricks (0.72), Soil Preparation Machinery (0.7), Vinyl Chloride Polymers (0.63), Other Plastic Sheetings (0.6), Steel Ingots (0.39), and Sodium or Potassium Peroxides (0.38). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

January, 2022

About

Overview In January 2022 VOLGOGRAD REGION exported $262M and imported $62.6M, resulting in a positive trade balance of $200M. Between January 2021 and January 2022 the exports of VOLGOGRAD REGION have increased by $120M (85%) from $142M to $262M, while imports increased by $16.6M (36.2%) from $46M to $62.6M.

Trade In January 2022, the top exports of VOLGOGRAD REGION were Refined Petroleum ($98.4M), Iron Pipes ($48.5M), Carbon ($16.4M), Potassic Fertilizers ($13.9M), and Steel Ingots ($8.24M). In January 2022 the top imports of VOLGOGRAD REGION were Aluminium Oxide ($7.37M), Raw Tobacco ($4.62M), Delivery Trucks ($4.58M), Pulley Systems ($2.29M), and Cold-Rolled Iron ($2.22M).

Destinations In January 2022, VOLGOGRAD REGION exported mostly to South Korea ($57M), Turkey ($40.1M), Kazakhstan ($15.6M), United States ($15.1M), and Germany ($13M), and imported mostly from China ($12.8M), Ukraine ($8.92M), Belarus ($7.55M), Italy ($3.6M), and Kazakhstan ($3.46M).

Growth In January 2022, the increase in VOLGOGRAD REGION's year-by-year exports was explained primarily by an increase in exports to South Korea ($56.8M or 26.5k%), Turkey ($17.6M or 77.9%), and Romania ($11M or 1.38k%), and product exports increase in Iron Pipes ($43.2M or 803%), Refined Petroleum ($40.6M or 70.1%), and Potassic Fertilizers ($13M or 1.43k%). In January 2022, the increase in VOLGOGRAD REGION's year-by-year imports was explained primarily by an increase in imports from Belarus ($5.49M or 267%), China ($4.19M or 48.7%), and Ukraine ($1.81M or 25.4%), and product imports increase in Delivery Trucks ($3.74M or 449%), Raw Tobacco ($3.31M or 253%), and Aluminium Oxide ($2.66M or 56.4%).

Latest Data

Time Scale
Flow
Color
Depth
EXPORT GROWTH (January 2021 - January 2022)$120M(85%)
IMPORT GROWTH (January 2021 - January 2022)$16.6M(36.2%)

This section shows exports and imports data at subnational level for VOLGOGRAD 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 VOLGOGRAD REGION over time.

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VOLGOGRAD REGION's Monthly Exports
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Exports by Products
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Exports by Countries
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Historical Data

Yearly Exports

Color
Depth
Top Destination (2021)Turkey$478M
Top Product (2021)Light petroleum distillates nes$1.2B

In 2021 the top export destinations of Volgograd Region were Turkey ($478M), Ukraine ($453M), South Korea ($338M), Romania ($222M), and Kazakhstan ($173M).

In 2021 the top exports of Volgograd Region were Light petroleum distillates nes ($1.2B), Petroleum spirit for motor vehicles ($625M), Carbon (carbon blacks and other forms... ($149M), Cereals: wheat and meslin, other than... ($89.8M), and Pipe-line submerged arc welded steel diameter... ($81.3M).

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Exports (2021)
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Destinations (2021)
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Exports Dynamics

Fastest Growing Exports Destination (Jan 2021 - Jan 2022)
South Korea $56.8M (26.5k%)
Turkey $17.6M (77.9%)
Romania $11M (1.38k%)
Rapidly Declining Export Origins (Jan 2021 - Jan 2022)
Ukraine -$27.5M (-76.1%)
Belgium -$11.4M (-94.5%)
Bangladesh -$8.46M (-99.9%)

Export Destinations of VOLGOGRAD REGION (Jan 2021 - Jan 2022)

Yearly Imports

Color
Depth
Top Origin (2021)China$149M
Top Import (2021)Aluminium oxide, except artificial corundum$52.6M

In 2021 the top import origins of Volgograd Region were China ($149M), Ukraine ($92.6M), Italy ($76.8M), Germany ($62.6M), and Kazakhstan ($59.7M).

In 2021 the top imports of Volgograd Region were Aluminium oxide, except artificial corundum ($52.6M), Iron/Steel Sheets: Medium Thickness, Cold-Rolled, Wide... ($27.7M), Diesel Trucks > 20 tonnes ($18.4M), Tobacco, unmanufactured, stemmed or stripped ($16.8M), and Flat rolled iron or non-alloy steel,... ($16.7M).

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Imports (2021)
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Origins (2021)
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Imports Dynamics

Fastest Growing Import Origins (Jan 2021 - Jan 2022)
Belarus $5.49M (267%)
China $4.19M (48.7%)
Ukraine $1.81M (25.4%)
Rapidly Declining Import Origins (Jan 2021 - Jan 2022)
Germany -$2.72M (-46.9%)
Italy -$1.34M (-27.1%)
Hungary -$911k (-91.6%)

Import Origins of VOLGOGRAD REGION (Jan 2021 - Jan 2022)

Economic Complexity

Economic Complexity of Volgograd Region

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Economic Complexity (2021)-0.27

Volgograd Region ranks 34th 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.

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ECI comparison Russia between districts (2021)

Economic Complexity Ranking

Value

The economic complexity of a territory can change year to year. Volgograd Region it is in position 34th considering its ECI in the last year.

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ECI Rank by Subnat Geography

Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Volgograd Region already has a comparative advantage, are led by Sorghum (0.1), Petroleum Gas (0.099), Nitrogenous Fertilizers (0.099), Dried Legumes (0.097), and Wheat Flours (0.095).

Most Complex Products by PCI

The highest complexity exports of Volgograd Region according to the product complexity index (PCI) are Lubricating Products (1.68), Organo-Sulfur Compounds (1.41), Milling Stones (1.23), Rubber Pipes (0.82), Refractory Bricks (0.72), Soil Preparation Machinery (0.7), Vinyl Chloride Polymers (0.63), Other Plastic Sheetings (0.6), Steel Ingots (0.39), and Sodium or Potassium Peroxides (0.38). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Aluminium Powder (232.24), Carbon (164.35), Carbides (140.39), Steel Ingots (89.85), and Other Large Iron Pipes (89.24).

Product Space

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

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. Bubble size corresponds to exports value by year 2020.

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