Voronezh Region

Federal subject in CENTRAL FEDERAL DISTRICT, district of Russia

Exports (2019): $1.16B, Rnk 38/85

Top Destination (2019): $244M, Ukraine

Top Export (2019): $213M, Cereals: wheat and meslin, other than...

Imports (2019): $858M, Rnk 25/85

Top Origin (2019): $171M, Belarus

Top Import (2019): $46.7M, Communion wafers, rice paper, bakers wares...

Economic Complexity (2019): -0.28, Rnk 34 / 85

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

Exports: In 2019, Russia's Voronezh Region exported $1.16B, making it the 38th largest exporter out of the 85 exporters in Russia. In 2019 the top exports of Voronezh Region were Cereals: wheat and meslin, other than... ($213M), Styrene-butadiene rubber (SBR/XSBR) except latex ($125M), Anhydrous ammonia ($118M), Butadiene rubber (BR) ($102M), and Nitrogen-phosphorus-potassium fertilizers, pack >10kg ($82.6M).

Imports: In 2019, Russia's Voronezh Region imported $858M, making it the 25th largest importer out of the 85 importers in Russia. In 2019 top imports of Voronezh Region were Communion wafers, rice paper, bakers wares... ($46.7M), Cheese except fresh, grated, processed or... ($39.3M), Electrodes, coated, of base metal, for... ($31.5M), Cattle: live, pure-bred breeding animals ($24M), and Communication apparatus (excluding telephone sets or... ($15.7M).

Economic Complexity: In 2019, the highest complexity exports of Voronezh Region according to the product complexity index (PCI) are Forging Machines (1.46), Synthetic Rubber (1.14), Styrene Polymers (0.59), Bird Feathers and Skins (0.57), and Rapeseed Oil (0.32). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Year

Top Destination (2019): Ukraine, $244M

Top Product (2019): Cereals: wheat and meslin, other than..., $213M

In 2019 the top export destinations of Voronezh Region were Ukraine ($244M), Egypt ($88.6M), Belarus ($74.3M), Poland ($57.5M), and Turkey ($50.8M).

In 2019 the top exports of Voronezh Region were Cereals: wheat and meslin, other than... ($213M), Styrene-butadiene rubber (SBR/XSBR) except latex ($125M), Anhydrous ammonia ($118M), Butadiene rubber (BR) ($102M), and Nitrogen-phosphorus-potassium fertilizers, pack >10kg ($82.6M).

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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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Depth
Year

Top Origin (2019): Belarus, $171M

Top Import (2019): Communion wafers, rice paper, bakers wares..., $46.7M

In 2019 the top import origins of Voronezh Region were Belarus ($171M), China ($166M), Germany ($108M), Ukraine ($55.5M), and Poland ($54.5M).

In 2019 the top imports of Voronezh Region were Communion wafers, rice paper, bakers wares... ($46.7M), Cheese except fresh, grated, processed or... ($39.3M), Electrodes, coated, of base metal, for... ($31.5M), Cattle: live, pure-bred breeding animals ($24M), and Communication apparatus (excluding telephone sets or... ($15.7M).

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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 VORONEZH REGION throughout time.

This section shows forecasts for total exports and imports from VORONEZH 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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Voronezh Region ranks 34th 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 Voronezh Region already has a comparative advantage, are led by Wheat Flours (0.11), Bran (0.11), Rough Wood (0.11), Shaped Wood (0.1), and Sawn Wood (0.1).

Most Complex Products by PCI

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The highest complexity exports of Voronezh Region according to the product complexity index (PCI) are Forging Machines (1.46), Synthetic Rubber (1.14), Styrene Polymers (0.59), Bird Feathers and Skins (0.57), and Rapeseed Oil (0.32). 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 Molasses (487), Ammonia (273), Synthetic Rubber (133), Seed Oils (124), and Wheat (74.3).

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