Vologda Region

Federal subject in NORTH WEST FEDERAL DISTRICT, district of Russia

Exports (2019): $4.11B, Rnk 19/85

Top Destination (2019): $425M, Poland

Top Export (2019): $486M, Diammonium phosphate, in packs >10 kg

Imports (2019): $794M, Rnk 30/85

Top Origin (2019): $136M, China

Top Import (2019): $54.5M, Tractors; n.e.c. in heading no 8701...

Economic Complexity (2019): -0.32, Rnk 39 / 85

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

Exports: In 2019, Russia's Vologda Region exported $4.11B, making it the 19th largest exporter out of the 85 exporters in Russia. In 2019 the top exports of Vologda Region were Diammonium phosphate, in packs >10 kg ($486M), Iron or non-alloy steel: in coils,... ($483M), Nitrogen-phosphorus-potassium fertilizers, pack >10kg ($406M), Urea, including aqueous solution in packs... ($354M), and Flat rolled iron or non-alloy steel,... ($255M).

Imports: In 2019, Russia's Vologda Region imported $794M, making it the 30th largest importer out of the 85 importers in Russia. In 2019 top imports of Vologda Region were Tractors; n.e.c. in heading no 8701... ($54.5M), Dairy produce: derived from milk, butter ($40M), Ferro-silico-manganese ($33.9M), Manganese, articles thereof, waste or scrap ($33.3M), and Industrial furnace, oven, incinerator non-electric ne ($30.3M).

Economic Complexity: In 2019, the highest complexity exports of Vologda Region according to the product complexity index (PCI) are Flat Flat-Rolled Steel (1.45), Flat-Rolled Iron (1.18), Other Iron Products (0.99), Large Coated Flat-Rolled Iron (0.73), and Steel Ingots (0.7). 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): Poland, $425M

Top Product (2019): Diammonium phosphate, in packs >10 kg, $486M

In 2019 the top export destinations of Vologda Region were Poland ($425M), Finland ($421M), Belarus ($318M), Latvia ($286M), and Italy ($190M).

In 2019 the top exports of Vologda Region were Diammonium phosphate, in packs >10 kg ($486M), Iron or non-alloy steel: in coils,... ($483M), Nitrogen-phosphorus-potassium fertilizers, pack >10kg ($406M), Urea, including aqueous solution in packs... ($354M), and Flat rolled iron or non-alloy steel,... ($255M).

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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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Top Origin (2019): China, $136M

Top Import (2019): Tractors; n.e.c. in heading no 8701..., $54.5M

In 2019 the top import origins of Vologda Region were China ($136M), Belarus ($123M), Germany ($86.4M), Italy ($62.3M), and Uruguay ($55.3M).

In 2019 the top imports of Vologda Region were Tractors; n.e.c. in heading no 8701... ($54.5M), Dairy produce: derived from milk, butter ($40M), Ferro-silico-manganese ($33.9M), Manganese, articles thereof, waste or scrap ($33.3M), and Industrial furnace, oven, incinerator non-electric ne ($30.3M).

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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 VOLOGDA REGION throughout time.

This section shows forecasts for total exports and imports from VOLOGDA 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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Vologda Region ranks 39th 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 Vologda Region already has a comparative advantage, are led by Raw Aluminium (0.073), Processed Cereals (0.07), Wood Crates (0.069), Frozen Fruits and Nuts (0.068), and Wood Charcoal (0.068).

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 (1.45), Flat-Rolled Iron (1.18), Other Iron Products (0.99), Large Coated Flat-Rolled Iron (0.73), and Steel Ingots (0.7). 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 (191), Hot-Rolled Iron (88.7), Calcium Phosphates (87.8), Nitrogenous Fertilizers (75), and Iron Wire (31.4).

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.