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Federal subject in NORTH WEST FEDERAL DISTRICT, district of Russia

2021
Economic
Complexity -0.35Rank 42 of 61
Jan 2022
Trade
Exports | Imports $1.61B | $2.08B3 of 85 | 3 of 83
Jan 2022
Country
Destination | Origin Netherlands | China $311M  | $576M

About

Overview This page contains the latest international trade data for ST. PETERSBURG. In January 2022 ST. PETERSBURG was the number 2 in total exports and the number 3 in total imports in Russia.

Exports In 2021, Russia's St. Petersburg exported $1.61B, making it the 2nd largest exporter out of the 85 exporters in Russia. In 2021 the top exports of St. Petersburg were Petroleum oils, oils from bituminous minerals,... ($9.82B), Light petroleum distillates nes ($7.44B), Petroleum spirit for motor vehicles ($2.79B), Gold in unwrought forms non-monetary ($1.28B), and Commodities not specified according to kind ($835M).

Imports In 2021, Russia's St. Petersburg imported $2.08B, making it the 3rd largest importer out of the 85 importers in Russia. In 2021 top imports of St. Petersburg were Commodities not specified according to kind ($1.33B), Engines, spark-ignition reciprocating, over 1000 cc ($551M), Others parts and accessories of bodies... ($483M), Transmissions for motor vehicles ($457M), and Tankers ($365M).

Economic Complexity In 2021, the highest complexity exports of St. Petersburg according to the product complexity index (PCI) are Compasses (1.27), Spark-Ignition Engines (1.06), Newsprint (0.99), Liquid Dispersing Machines (0.9), Steam Turbines (0.77), Cathode Tubes (0.77), Vehicle Bodies (including cabs) for the... (0.7), Coated Metal Soldering Products (0.56), Wood Pulp Lyes (0.55), and Brochures (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 ST. PETERSBURG exported $1.61B and imported $2.08B, resulting in a negative trade balance of $470M. Between January 2021 and January 2022 the exports of ST. PETERSBURG have increased by $31M (1.97%) from $1.58B to $1.61B, while imports increased by $560M (36.8%) from $1.52B to $2.08B.

Trade In January 2022, the top exports of ST. PETERSBURG were Refined Petroleum ($636M), Crude Petroleum ($244M), Commodities not elsewhere specified ($200M), Passenger and Cargo Ships ($134M), and Cars ($17.7M). In January 2022 the top imports of ST. PETERSBURG were Motor vehicles; parts and accessories (8701... ($205M), Commodities not elsewhere specified ($68.1M), Cars ($53.4M), Centrifuges ($47.6M), and Spark-Ignition Engines ($34.9M).

Destinations In January 2022, ST. PETERSBURG exported mostly to Netherlands ($311M), Germany ($155M), Lithuania ($138M), Belarus ($123M), and South Korea ($107M), and imported mostly from China ($576M), South Korea ($170M), Japan ($123M), Germany ($119M), and United States ($117M).

Growth In January 2022, the increase in ST. PETERSBURG's year-by-year exports was explained primarily by an increase in exports to Netherlands ($136M or 38.6%), United Kingdom ($65.2M or 416%), and Belgium ($63.9M or 262%), and product exports increase in Scrap Iron ($34.6M or 63.1%), Crude Petroleum ($25.2M or 7.16%), and Seed Oils ($21.5M or 117%). In January 2022, the increase in ST. PETERSBURG's year-by-year imports was explained primarily by an increase in imports from South Korea ($32.6M or 32.2%), China ($13.1M or 3.39%), and Hungary ($5.36M or 148%), and product imports increase in Motor vehicles; parts and accessories (8701... ($9.9M or 5.97%), Machinery Having Individual Functions ($9.31M or 196%), and Cars ($8.72M or 75.9%).

Latest Data

Time Scale
Flow
Color
Depth
EXPORT GROWTH (January 2021 - January 2022)$31M(1.97%)
IMPORT GROWTH (January 2021 - January 2022)$560M(36.8%)

This section shows exports and imports data at subnational level for ST. PETERSBURG. 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 ST. PETERSBURG over time.

For full datasets download visit Bulk Download page.

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ST. PETERSBURG's Monthly Exports
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ST. PETERSBURG's Products Exports (Jan 2022)
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ST. PETERSBURG's Exports Destinations (Jan 2022)
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Historical Data

Yearly Exports

Color
Depth
Top Destination (2021)Netherlands$7.43B
Top Product (2021)Petroleum oils, oils from bituminous minerals,...$9.82B

In 2021 the top export destinations of St. Petersburg were Netherlands ($7.43B), China ($2.63B), United Kingdom ($2.59B), United States ($2.14B), and Germany ($2.02B).

In 2021 the top exports of St. Petersburg were Petroleum oils, oils from bituminous minerals,... ($9.82B), Light petroleum distillates nes ($7.44B), Petroleum spirit for motor vehicles ($2.79B), Gold in unwrought forms non-monetary ($1.28B), and Commodities not specified according to kind ($835M).

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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)
Lithuania $137M (7.41k%)
South Korea $82.5M (343%)
Nigeria $58.4M (13.1k%)
Rapidly Declining Export Origins (Jan 2021 - Jan 2022)
Netherlands -$178M (-36.4%)
Belgium -$76.8M (-87%)
United Kingdom -$49.9M (-61.7%)

Export Destinations of ST. PETERSBURG (Jan 2021 - Jan 2022)

Yearly Imports

Color
Depth
Top Origin (2021)China$6.34B
Top Import (2021)Commodities not specified according to kind$1.33B

In 2021 the top import origins of St. Petersburg were China ($6.34B), Germany ($2.08B), South Korea ($1.92B), Japan ($1.42B), and United States ($1.32B).

In 2021 the top imports of St. Petersburg were Commodities not specified according to kind ($1.33B), Engines, spark-ignition reciprocating, over 1000 cc ($551M), Others parts and accessories of bodies... ($483M), Transmissions for motor vehicles ($457M), and Tankers ($365M).

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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 $177M (44.5%)
United States $36M (44.7%)
South Korea $35.6M (26.5%)
Rapidly Declining Import Origins (Jan 2021 - Jan 2022)
Pakistan -$4.48M (-59.4%)
Kazakhstan -$2.61M (-10.8%)
Hungary -$1.7M (-18.9%)

Import Origins of ST. PETERSBURG (Jan 2021 - Jan 2022)

Economic Complexity

Economic Complexity of St. Petersburg

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Economic Complexity (2021)-0.35

St. Petersburg ranks 42nd 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. St. Petersburg it is in position 42nd 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 St. Petersburg already has a comparative advantage, are led by Petroleum Gas (0.1), Nitrogenous Fertilizers (0.099), Dried Legumes (0.095), Other Vegetable Residues (0.095), and Buckwheat (0.094).

Most Complex Products by PCI

The highest complexity exports of St. Petersburg according to the product complexity index (PCI) are Compasses (1.27), Spark-Ignition Engines (1.06), Newsprint (0.99), Liquid Dispersing Machines (0.9), Steam Turbines (0.77), Cathode Tubes (0.77), Vehicle Bodies (including cabs) for the... (0.7), Coated Metal Soldering Products (0.56), Wood Pulp Lyes (0.55), and Brochures (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 Asphalt Mixtures (27.26), Linseed (20.79), Newsprint (16.23), Raw Furskins (16.12), and Hydraulic Turbines (14.92).

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 St. Petersburg 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  St. Petersburg. These are products that tend to be co-exported with the products that St. Petersburg 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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