Voronezh Region

Federal subject in CENTRAL FEDERAL DISTRICT, district of Russia

2019
Economic
Complexity
: -0.24, Rank 36 of 64

Nov 2020
Trade
Exports | Imports
: $109M | $94.1M, 37 of 85 | 23 of 84

Nov 2020
Country
Destination | Origin
: Ukraine | China , $19.9M  | $19M

Nov 2020
Product
Exports | Imports
: Seed Oils | Soil Preparation Machinery , $16.6M  | $6.84M

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

Exports: In 2020, Russia's Voronezh Region exported $868M, making it the 40th largest exporter out of the 85 exporters in Russia. In 2020 the top exports of Voronezh Region were Anhydrous ammonia ($107M), Cereals: wheat and meslin, other than... ($85.1M), Styrene-butadiene rubber (SBR/XSBR) except latex ($74M), Sunflower or safflower oil,fractions simply refined ($62.8M), and Butadiene rubber (BR) ($55.5M).

Imports: In 2020, Russia's Voronezh Region imported $822M, making it the 25th largest importer out of the 85 importers in Russia. In 2020 top imports of Voronezh Region were Generating sets, with spark ignition engines ($57.4M), Communion wafers, rice paper, bakers wares... ($47M), Agricultural, bee-keeping plant nes, germination plan ($32.9M), Electrodes, coated, of base metal, for... ($24.7M), and Seeders, planters and transplanters; no-till direct... ($18.2M).

Economic Complexity: In 2019, the highest complexity exports of Voronezh Region according to the product complexity index (PCI) are Forging Machines (1.7), Synthetic Rubber (0.95), Styrene Polymers (0.87), Aluminium Pipes (0.45), and Bird Feathers and Skins (0.3). 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 VORONEZH 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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Value
Depth

Top Destination (2020): Ukraine, $201M

Top Product (2020): Anhydrous ammonia, $107M

In 2020 the top export destinations of Voronezh Region were Ukraine ($201M), Turkey ($66.4M), Latvia ($45.8M), Uzbekistan ($43.3M), and Belarus ($41.9M).

In 2020 the top exports of Voronezh Region were Anhydrous ammonia ($107M), Cereals: wheat and meslin, other than... ($85.1M), Styrene-butadiene rubber (SBR/XSBR) except latex ($74M), Sunflower or safflower oil,fractions simply refined ($62.8M), and Butadiene rubber (BR) ($55.5M).

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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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Value
Depth

Top Origin (2020): China, $147M

Top Import (2020): Generating sets, with spark ignition engines, $57.4M

In 2020 the top import origins of Voronezh Region were China ($147M), Belarus ($127M), Germany ($75.8M), Austria ($68.8M), and Poland ($52.3M).

In 2020 the top imports of Voronezh Region were Generating sets, with spark ignition engines ($57.4M), Communion wafers, rice paper, bakers wares... ($47M), Agricultural, bee-keeping plant nes, germination plan ($32.9M), Electrodes, coated, of base metal, for... ($24.7M), and Seeders, planters and transplanters; no-till direct... ($18.2M).

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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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Voronezh Region ranks 36th 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. Voronezh Region it is in position 36th 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 Voronezh Region already has a comparative advantage, are led by Wheat Flours (0.11), Corn (0.11), Soybeans (0.11), Shaped Wood (0.11), and Bran (0.11).

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 (1.7), Synthetic Rubber (0.95), Styrene Polymers (0.87), Aluminium Pipes (0.45), and Bird Feathers and Skins (0.3). 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 (503), Ammonia (278), Synthetic Rubber (136), Seed Oils (123), and Wheat (74.8).

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 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.