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Federal subject in CENTRAL FEDERAL DISTRICT, district of Russia

2021
Economic
Complexity -0.077Rank 21 of 61
Jan 2022
Trade
Exports | Imports $88M | $153M47 of 85 | 21 of 83
Jan 2022
Country
Destination | Origin Belarus | Belarus $33.3M  | $107M

About

Overview This page contains the latest international trade data for SMOLENSK REGION. In January 2022 SMOLENSK REGION was the number 43 in total exports and the number 17 in total imports in Russia.

Exports In 2021, Russia's Smolensk Region exported $88M, making it the 43rd largest exporter out of the 85 exporters in Russia. In 2021 the top exports of Smolensk Region were Ammonium nitrate, including solution, in pack... ($173M), Cereals: wheat and meslin, other than... ($131M), Nitrogen-phosphorus-potassium fertilizers, pack >10kg ($110M), Particle Board: Wood with Resins/Organic Binders ($52.8M), and Medium density fibreboard (MDF), of a... ($46.5M).

Imports In 2021, Russia's Smolensk Region imported $153M, making it the 17th largest importer out of the 85 importers in Russia. In 2021 top imports of Smolensk Region were Other Cheeses ($65.2M), Other Milk and Cream ($59.3M), Butter ($47.1M), Other toys (wheeled, model scale, puzzles) ($47M), and Ethylene polymers and ethylene-alpha-olefin copolymers ($46.3M).

Economic Complexity In 2021, the highest complexity exports of Smolensk Region according to the product complexity index (PCI) are Railway Freight Cars (-0.043), Flax Fibers (N/A), Locomotive Parts (0.82), Electric Filament (0.77), Refractory Bricks (0.72), Railway Track Fixtures (0.67), Iron Railway Products (0.58), Wood Crates (0.31), Rapeseed Oil (0.29), and Plastic Building Materials (0.23). 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 SMOLENSK REGION exported $88M and imported $153M, resulting in a negative trade balance of $65.3M. Between January 2021 and January 2022 the exports of SMOLENSK REGION have increased by $34.7M (65.1%) from $53.3M to $88M, while imports increased by $8.71M (6.02%) from $145M to $153M.

Trade In January 2022, the top exports of SMOLENSK REGION were Rapeseed Oil ($6.96M), Rye ($6.16M), Wood Fiberboard ($5.93M), Nitrogenous Fertilizers ($4.25M), and Mixed Mineral or Chemical Fertilizers ($4.08M). In January 2022 the top imports of SMOLENSK REGION were Ethylene Polymers ($7.47M), Concentrated Milk ($5.71M), Cheese ($5.39M), Motor vehicles; parts and accessories (8701... ($4.73M), and Refined Petroleum ($4.44M).

Destinations In January 2022, SMOLENSK REGION exported mostly to Belarus ($33.3M), Latvia ($7M), Spain ($6.52M), Kazakhstan ($4.88M), and Lithuania ($4.24M), and imported mostly from Belarus ($107M), China ($12.8M), Germany ($8.28M), South Korea ($3.29M), and Poland ($2.92M).

Growth In January 2022, the increase in SMOLENSK REGION's year-by-year exports was explained primarily by an increase in exports to China ($3.33M or 2.56k%), Georgia ($1.22M or 5.98k%), and Brazil ($1.09M or 129%), and product exports increase in Mixed Mineral or Chemical Fertilizers ($4.02M or 273%), Wheat ($2.17M or 107%), and Refined Copper ($1.06M or 1.03k%). In January 2022, the increase in SMOLENSK REGION's year-by-year imports was explained primarily by an increase in imports from Belarus ($12.8M or 12.9%), Italy ($1.57M or 90.5%), and Netherlands ($1.26M or 606%), and product imports increase in Refined Petroleum ($8.14M or 857%), Rubberworking Machinery ($2.33M or 1.54k%), and Cheese ($1.67M or 38.1%).

Latest Data

Time Scale
Flow
Color
Depth
EXPORT GROWTH (January 2021 - January 2022)$34.7M(65.1%)
IMPORT GROWTH (January 2021 - January 2022)$8.71M(6.02%)

This section shows exports and imports data at subnational level for SMOLENSK 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 SMOLENSK REGION over time.

For full datasets download visit Bulk Download page.

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

Yearly Exports

Color
Depth
Top Destination (2021)Belarus$546M
Top Product (2021)Ammonium nitrate, including solution, in pack...$173M

In 2021 the top export destinations of Smolensk Region were Belarus ($546M), Brazil ($178M), Turkey ($130M), Kazakhstan ($75.4M), and Lithuania ($66.8M).

In 2021 the top exports of Smolensk Region were Ammonium nitrate, including solution, in pack... ($173M), Cereals: wheat and meslin, other than... ($131M), Nitrogen-phosphorus-potassium fertilizers, pack >10kg ($110M), Particle Board: Wood with Resins/Organic Binders ($52.8M), and Medium density fibreboard (MDF), of a... ($46.5M).

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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)
Belarus $7.59M (29.5%)
Spain $6.27M (2.53k%)
Latvia $6.11M (685%)
Rapidly Declining Export Origins (Jan 2021 - Jan 2022)
Turkey -$1.93M (-72.1%)
Brazil -$1.91M (-98.4%)
Georgia -$1.05M (-84.8%)

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

Yearly Imports

Color
Depth
Top Origin (2021)Belarus$1.8B
Top Import (2021)Other Cheeses$65.2M

In 2021 the top import origins of Smolensk Region were Belarus ($1.8B), China ($118M), Germany ($117M), Poland ($43.9M), and Italy ($33.9M).

In 2021 the top imports of Smolensk Region were Other Cheeses ($65.2M), Other Milk and Cream ($59.3M), Butter ($47.1M), Other toys (wheeled, model scale, puzzles) ($47M), and Ethylene polymers and ethylene-alpha-olefin copolymers ($46.3M).

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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 $6.35M (98%)
Germany $2.48M (42.8%)
South Korea $2.23M (212%)
Rapidly Declining Import Origins (Jan 2021 - Jan 2022)
Belarus -$5.57M (-4.96%)
Italy -$1.72M (-51.9%)
Hungary -$1.1M (-87%)

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

Economic Complexity

Economic Complexity of Smolensk Region

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Economic Complexity (2021)-0.077

Smolensk Region ranks 21st 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. Smolensk Region it is in position 21st 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 Smolensk Region already has a comparative advantage, are led by Insulated Wire (0.25), Seats (0.24), Wood Carpentry (0.24), Veneer Sheets (0.24), and Processed Cereals (0.24).

Most Complex Products by PCI

The highest complexity exports of Smolensk Region according to the product complexity index (PCI) are Railway Freight Cars (-0.043), Flax Fibers (N/A), Locomotive Parts (0.82), Electric Filament (0.77), Refractory Bricks (0.72), Railway Track Fixtures (0.67), Iron Railway Products (0.58), Wood Crates (0.31), Rapeseed Oil (0.29), and Plastic Building Materials (0.23). 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 Railway Freight Cars (194.57), Flax Fibers (102.26), Wood Fiberboard (92.50), Railway Track Fixtures (84.41), and Leather of Other Animals (64.73).

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