Vologda Region

Federal subject in NORTH WEST FEDERAL DISTRICT, district of Russia

2019
Economic
Complexity
: -0.23, Rank 35 of 64

Nov 2020
Trade
Exports | Imports
: $271M | $55.9M, 21 of 85 | 30 of 84

Nov 2020
Country
Destination | Origin
: Finland | Belarus , $42M  | $9.64M

Nov 2020
Product
Exports | Imports
: Mixed Mineral or Chemical Fertilizers | Tractors , $90.8M  | $7.64M

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

Exports: In 2020, Russia's Vologda Region exported $3.53B, making it the 16th largest exporter out of the 85 exporters in Russia. In 2020 the top exports of Vologda Region were Iron or non-alloy steel: in coils,... ($469M), Diammonium phosphate, in packs >10 kg ($369M), Nitrogen-phosphorus-potassium fertilizers, pack >10kg ($330M), Urea, including aqueous solution in packs... ($266M), and Iron ore, concentrate, not iron pyrites,... ($266M).

Imports: In 2020, Russia's Vologda Region imported $655M, making it the 29th largest importer out of the 85 importers in Russia. In 2020 top imports of Vologda Region were Tractors; n.e.c. in heading no 8701... ($45M), Industrial furnace, oven, incinerator non-electric ne ($35.2M), Ferro-silico-manganese ($28.5M), Lifting, handling, loading or unloading machinery... ($28.3M), and Articles of stone or of other... ($25.7M).

Economic Complexity: In 2019, the highest complexity exports of Vologda Region according to the product complexity index (PCI) are Flat Flat-Rolled Steel (1.47), Flat-Rolled Iron (1.25), Steel Ingots (0.87), Other Iron Products (0.78), and Iron Powder (0.68). 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 VOLOGDA 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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Top Destination (2020): Poland, $300M

Top Product (2020): Iron or non-alloy steel: in coils,..., $469M

In 2020 the top export destinations of Vologda Region were Poland ($300M), Finland ($256M), Belarus ($241M), India ($233M), and Latvia ($229M).

In 2020 the top exports of Vologda Region were Iron or non-alloy steel: in coils,... ($469M), Diammonium phosphate, in packs >10 kg ($369M), Nitrogen-phosphorus-potassium fertilizers, pack >10kg ($330M), Urea, including aqueous solution in packs... ($266M), and Iron ore, concentrate, not iron pyrites,... ($266M).

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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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Depth

Top Origin (2020): China, $121M

Top Import (2020): Tractors; n.e.c. in heading no 8701..., $45M

In 2020 the top import origins of Vologda Region were China ($121M), Belarus ($87.9M), Germany ($87.9M), Italy ($58.5M), and Slovenia ($24.5M).

In 2020 the top imports of Vologda Region were Tractors; n.e.c. in heading no 8701... ($45M), Industrial furnace, oven, incinerator non-electric ne ($35.2M), Ferro-silico-manganese ($28.5M), Lifting, handling, loading or unloading machinery... ($28.3M), and Articles of stone or of other... ($25.7M).

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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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Vologda Region ranks 35th 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. Vologda Region it is in position 35th 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 Vologda Region already has a comparative advantage, are led by Raw Aluminium (0.075), Processed Cereals (0.071), Wood Charcoal (0.07), Wood Crates (0.069), and Frozen Fruits and Nuts (0.067).

Most Complex Products by PCI

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The highest complexity exports of Vologda Region according to the product complexity index (PCI) are Flat Flat-Rolled Steel (1.47), Flat-Rolled Iron (1.25), Steel Ingots (0.87), Other Iron Products (0.78), and Iron Powder (0.68). 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 Mixed Mineral or Chemical Fertilizers (188), Calcium Phosphates (90.8), Hot-Rolled Iron (87.6), Nitrogenous Fertilizers (73.2), and Iron Wire (30.8).

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