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Overview This page contains the latest international trade data for OREL REGION. In January 2022 OREL REGION was the number 64 in total exports and the number 55 in total imports in Russia.

Exports In 2021, Russia's Orel Region exported $39.8M, making it the 64th largest exporter out of the 85 exporters in Russia. In 2021 the top exports of Orel Region were Refrigerator/freezer chests/cabinets/showcases ($67.7M), Vegetable oils: low erucic acid rape... ($60.6M), Petroleum oils, oils from bituminous minerals,... ($34.6M), Finishing ceramics ($33.6M), and Cereals: wheat and meslin, other than... ($32.3M).

Imports In 2021, Russia's Orel Region imported $23.1M, making it the 55th largest importer out of the 85 importers in Russia. In 2021 top imports of Orel Region were Polypeptide hormones, protein hormones and glycoprotein... ($23.3M), Polyvinyl chloride ($18.3M), Feldspar ($13.2M), Other Cheeses ($12.5M), and Frozen Boneless Beef Cuts ($12.2M).

Economic Complexity In 2021, the highest complexity exports of Orel Region according to the product complexity index (PCI) are Iron Fasteners (1.79), Liquid Pumps (1.38), Steel Wire (1.07), Semiconductor Devices (0.89), Plastic Floor Coverings (0.79), Vehicle Bodies (including cabs) for the... (0.7), Soil Preparation Machinery (0.7), Iron Railway Products (0.58), Utility Meters (0.56), and Coated Metal Soldering Products (0.56). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2021)Latvia$102M

In 2021 the top export destinations of Orel Region were Latvia ($102M), Belarus ($50.7M), Kazakhstan ($37.6M), Germany ($33.3M), and Lithuania ($31.1M).

In 2021 the top exports of Orel Region were Refrigerator/freezer chests/cabinets/showcases ($67.7M), Vegetable oils: low erucic acid rape... ($60.6M), Petroleum oils, oils from bituminous minerals,... ($34.6M), Finishing ceramics ($33.6M), and Cereals: wheat and meslin, other than... ($32.3M).

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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)
Netherlands $11.3M (8.4k%)
Lithuania $4.94M (1.98k%)
Romania $1.13M (472%)
Rapidly Declining Export Origins (Jan 2021 - Jan 2022)
Latvia -$5.43M (-47.2%)
Azerbaijan -$368k (-60.9%)
Kazakhstan -$158k (-7.73%)

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

Yearly Imports

Color
Depth
Top Origin (2021)Belarus$77.4M

In 2021 the top import origins of Orel Region were Belarus ($77.4M), Germany ($70.6M), China ($53.8M), Ukraine ($39.2M), and Italy ($33.3M).

In 2021 the top imports of Orel Region were Polypeptide hormones, protein hormones and glycoprotein... ($23.3M), Polyvinyl chloride ($18.3M), Feldspar ($13.2M), Other Cheeses ($12.5M), and Frozen Boneless Beef Cuts ($12.2M).

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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)
China $2.26M (101%)
Germany $1.8M (112%)
Turkey $1.01M (184%)
Rapidly Declining Import Origins (Jan 2021 - Jan 2022)
Belarus -$3.1M (-45.8%)
Switzerland -$367k (-93.4%)
Spain -$312k (-33%)

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

Economic Complexity

Economic Complexity of Orel Region

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Economic Complexity (2021)-0.063

Orel Region ranks 18th 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. Orel Region it is in position 18th 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 Orel Region already has a comparative advantage, are led by Other Wood Articles (0.1), Oats (0.099), Seats (0.098), Dried Legumes (0.098), and Iron Radiators (0.096).

Most Complex Products by PCI

The highest complexity exports of Orel Region according to the product complexity index (PCI) are Iron Fasteners (1.79), Liquid Pumps (1.38), Steel Wire (1.07), Semiconductor Devices (0.89), Plastic Floor Coverings (0.79), Vehicle Bodies (including cabs) for the... (0.7), Soil Preparation Machinery (0.7), Iron Railway Products (0.58), Utility Meters (0.56), and Coated Metal Soldering Products (0.56). 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 Rapeseed Oil (283.00), Steel Wire (168.19), Malt (114.34), Buckwheat (108.03), and Unglazed Ceramics (81.59).

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