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Federal subject in VOLGA FEDERAL DISTRICT, district of Russia

2021
Economic
Complexity 0.27Rank 3 of 61
Jan 2022
Trade
Exports | Imports $17.6M | $34.1M65 of 85 | 51 of 83
Jan 2022
Country
Destination | Origin Kazakhstan | China $3.63M  | $8.95M

About

Overview This page contains the latest international trade data for PENZA REGION. In January 2022 PENZA REGION was the number 67 in total exports and the number 56 in total imports in Russia.

Exports In 2021, Russia's Penza Region exported $17.6M, making it the 67th largest exporter out of the 85 exporters in Russia. In 2021 the top exports of Penza Region were Aluminium unwrought, alloyed ($36.1M), Turkey Meat Cuts & Organs (Frozen) ($30.1M), Furniture, wooden, nes ($23.3M), Fresh/Chilled Pork (Whole & Halves) ($21.8M), and Miscellaneous Chocolate/Cocoa Preparations ($20.8M).

Imports In 2021, Russia's Penza Region imported $34.1M, making it the 56th largest importer out of the 85 importers in Russia. In 2021 top imports of Penza Region were Engines, diesel except motor vehicle/marine ($74.8M), Chem wood pulp, soda/sulphate, non-conifer, bleached ($26.2M), Parts for soil preparation or cultivation... ($12.2M), Non-cellular vinyl chloride polymers sheets (<... ($11.4M), and Taps, cocks, valves and similar appliances,... ($7.63M).

Economic Complexity In 2021, the highest complexity exports of Penza Region according to the product complexity index (PCI) are Other Agricultural Machinery (0.93), Other Iron Products (0.87), Audio Alarms (0.8), Soil Preparation Machinery (0.7), Railway Track Fixtures (0.67), Pig Meat (0.66), Electric Heaters (0.6), Coated Metal Soldering Products (0.56), Other Cast Iron Products (0.39), and Copper Bars (0.39). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

January, 2022

About

Overview In January 2022 PENZA REGION exported $17.6M and imported $34.1M, resulting in a negative trade balance of $16.5M. Between January 2021 and January 2022 the exports of PENZA REGION have increased by $3.57M (25.4%) from $14M to $17.6M, while imports increased by $16.5M (93.5%) from $17.6M to $34.1M.

Trade In January 2022, the top exports of PENZA REGION were Poultry Meat ($2.76M), Other Furniture ($2.33M), Pig Meat ($2.08M), Raw Aluminium ($1.42M), and Plywood ($939k). In January 2022 the top imports of PENZA REGION were Combustion Engines ($3.79M), Raw Plastic Sheeting ($2.86M), Papermaking Machines ($2.21M), Sulfate Chemical Woodpulp ($2.09M), and Soil Preparation Machinery ($1.98M).

Destinations In January 2022, PENZA REGION exported mostly to Kazakhstan ($3.63M), Ukraine ($2.8M), Belarus ($2.19M), Japan ($1.11M), and United Arab Emirates ($664k), and imported mostly from China ($8.95M), Germany ($6.01M), United States ($3.82M), South Korea ($3.07M), and Belarus ($2.66M).

Growth In January 2022, the increase in PENZA REGION's year-by-year exports was explained primarily by an increase in exports to United States ($172k or 237%), Romania ($159k or 15.7k%), and China ($124k or 82%), and product exports increase in Other Furniture ($754k or 35.1%), Poultry Meat ($666k or 239%), and Raw Aluminium ($371k or 35%). In January 2022, the increase in PENZA REGION's year-by-year imports was explained primarily by an increase in imports from Germany ($949k or 82.3%), Belarus ($844k or 41.9%), and China ($442k or 8.14%), and product imports increase in Wood Fiberboard ($1.03M or 6.93k%), Raw Plastic Sheeting ($495k or 110%), and Other Coloring Matter ($261k or 390%).

Latest Data

Time Scale
Flow
Color
Depth
EXPORT GROWTH (January 2021 - January 2022)$3.57M(25.4%)
IMPORT GROWTH (January 2021 - January 2022)$16.5M(93.5%)

This section shows exports and imports data at subnational level for PENZA REGION. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of PENZA REGION over time.

For full datasets download visit Bulk Download page.

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PENZA REGION's Monthly Exports
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PENZA REGION's Products Exports (Jan 2022)
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PENZA REGION's Exports Destinations (Jan 2022)
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Historical Data

Yearly Exports

Color
Depth
Top Destination (2021)Kazakhstan$68M
Top Product (2021)Aluminium unwrought, alloyed$36.1M

In 2021 the top export destinations of Penza Region were Kazakhstan ($68M), Belarus ($37.6M), Ukraine ($35.5M), Japan ($25.6M), and Egypt ($15.8M).

In 2021 the top exports of Penza Region were Aluminium unwrought, alloyed ($36.1M), Turkey Meat Cuts & Organs (Frozen) ($30.1M), Furniture, wooden, nes ($23.3M), Fresh/Chilled Pork (Whole & Halves) ($21.8M), and Miscellaneous Chocolate/Cocoa Preparations ($20.8M).

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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)
Kazakhstan $763k (26.7%)
Ukraine $572k (25.7%)
United Arab Emirates $477k (256%)
Rapidly Declining Export Origins (Jan 2021 - Jan 2022)
Germany -$218k (-50.1%)
Kyrgyzstan -$187k (-36.5%)
China -$159k (-57.9%)

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

Yearly Imports

Color
Depth
Top Origin (2021)United States$75.5M
Top Import (2021)Engines, diesel except motor vehicle/marine$74.8M

In 2021 the top import origins of Penza Region were United States ($75.5M), China ($72.2M), Belarus ($36.8M), Germany ($34.4M), and Ukraine ($17.2M).

In 2021 the top imports of Penza Region were Engines, diesel except motor vehicle/marine ($74.8M), Chem wood pulp, soda/sulphate, non-conifer, bleached ($26.2M), Parts for soil preparation or cultivation... ($12.2M), Non-cellular vinyl chloride polymers sheets (<... ($11.4M), and Taps, cocks, valves and similar appliances,... ($7.63M).

Explore Visualizations

Imports (2021)
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Origins (2021)
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Imports Dynamics

Fastest Growing Import Origins (Jan 2021 - Jan 2022)
Germany $3.9M (186%)
United States $3.78M (10.3k%)
China $3.08M (52.5%)
Rapidly Declining Import Origins (Jan 2021 - Jan 2022)
United Kingdom -$238k (-58.4%)
Belarus -$199k (-6.98%)
Unknown -$172k (-83.3%)

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

Economic Complexity

Economic Complexity of Penza Region

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Economic Complexity (2021)0.27

Penza Region ranks 3rd 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. Penza Region it is in position 3rd considering its ECI in the last year.

Discover Economic Complexity

ECI Rank by Subnat Geography

Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Penza Region already has a comparative advantage, are led by Particle Board (0.15), Railway Freight Cars (0.15), Wood Crates (0.15), Plastic Building Materials (0.15), and Shaped Wood (0.14).

Most Complex Products by PCI

The highest complexity exports of Penza Region according to the product complexity index (PCI) are Other Agricultural Machinery (0.93), Other Iron Products (0.87), Audio Alarms (0.8), Soil Preparation Machinery (0.7), Railway Track Fixtures (0.67), Pig Meat (0.66), Electric Heaters (0.6), Coated Metal Soldering Products (0.56), Other Cast Iron Products (0.39), and Copper Bars (0.39). 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 Starch Residue (145.57), Poultry Meat (61.66), Special purpose motor vehicles (49.37), Plywood (43.49), and Chocolate (40.93).

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