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Overview This page contains the latest international trade data for KOSTROMA REGION. In January 2022 KOSTROMA REGION was the number 21 in total exports and the number 61 in total imports in Russia.

Exports In 2021, Russia's Kostroma Region exported $313M, making it the 21st largest exporter out of the 85 exporters in Russia. In 2021 the top exports of Kostroma Region were Gold in unwrought forms non-monetary ($4.94B), Plywood; with sheets of wood only;... ($179M), Silver in unwrought forms ($149M), Medium density fibreboard (MDF), of a... ($40.7M), and Jewellery and parts of precious metal... ($32M).

Imports In 2021, Russia's Kostroma Region imported $15.7M, making it the 61st largest importer out of the 85 importers in Russia. In 2021 top imports of Kostroma Region were Bending or assembling machines for wood,... ($32.8M), Diamonds (jewellery) worked but not mounted... ($18.3M), Commodities not specified according to kind ($15.5M), Dryers for wood, paper pulp, paper... ($12M), and Splitting, slicing or paring machines for... ($10M).

Economic Complexity In 2021, the highest complexity exports of Kostroma Region according to the product complexity index (PCI) are Large Coated Flat-Rolled Iron (1), Particle Board (0.17), Phosphinates (hypophosphites) and phosphonates (phosphites) (-0.065), Wood Fiberboard (-0.088), Jewellery (-0.42), Veneer Sheets (-0.75), Plywood (-0.83), Silver (-0.96), Gold (-2.55), and Nitrites and Nitrates (N/A). 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)United Kingdom$4.51B
Top Product (2021)Gold in unwrought forms non-monetary$4.94B

In 2021 the top export destinations of Kostroma Region were United Kingdom ($4.51B), Germany ($300M), Switzerland ($231M), United States ($52M), and Kazakhstan ($48.5M).

In 2021 the top exports of Kostroma Region were Gold in unwrought forms non-monetary ($4.94B), Plywood; with sheets of wood only;... ($179M), Silver in unwrought forms ($149M), Medium density fibreboard (MDF), of a... ($40.7M), and Jewellery and parts of precious metal... ($32M).

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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)
United Kingdom $37.2M (19.7%)
Switzerland $27M (1.13k%)
Germany $26.2M (1.29k%)
Rapidly Declining Export Origins (Jan 2021 - Jan 2022)
Czechia -$449k (-92.1%)
Portugal -$426k (-66.1%)
Kazakhstan -$404k (-14.1%)

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

Yearly Imports

Color
Depth
Top Origin (2021)Finland$62.3M

In 2021 the top import origins of Kostroma Region were Finland ($62.3M), China ($37.8M), Germany ($25.1M), Italy ($18.6M), and India ($18.6M).

In 2021 the top imports of Kostroma Region were Bending or assembling machines for wood,... ($32.8M), Diamonds (jewellery) worked but not mounted... ($18.3M), Commodities not specified according to kind ($15.5M), Dryers for wood, paper pulp, paper... ($12M), and Splitting, slicing or paring machines for... ($10M).

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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 $3.37M (141%)
Belarus $930k (123%)
Denmark $603k (359k%)
Rapidly Declining Import Origins (Jan 2021 - Jan 2022)
Malawi -$429k (-88.6%)
Taiwan -$220k (-99.4%)
Italy -$187k (-48.2%)

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

Economic Complexity

Economic Complexity of Kostroma Region

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Economic Complexity (2021)-0.52

Kostroma Region ranks 51st 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. Kostroma Region it is in position 51st 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 Kostroma Region already has a comparative advantage, are led by Sawn Wood (0.029), Other Vegetable Residues (0.025), Fuel Wood (0.023), Boron (0.022), and Potassic Fertilizers (0.021).

Most Complex Products by PCI

The highest complexity exports of Kostroma Region according to the product complexity index (PCI) are Large Coated Flat-Rolled Iron (1), Particle Board (0.17), Phosphinates (hypophosphites) and phosphonates (phosphites) (-0.065), Wood Fiberboard (-0.088), Jewellery (-0.42), Veneer Sheets (-0.75), Plywood (-0.83), Silver (-0.96), Gold (-2.55), and Nitrites and Nitrates (N/A). 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 Gold (41.70), Plywood (36.13), Silver (17.88), Large Coated Flat-Rolled Iron (17.10), and Wood Fiberboard (14.07).

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