Belgorod Region

Federal subject in CENTRAL FEDERAL DISTRICT, district of Russia

2019
Economic
Complexity
: -0.29, Rank 38 of 64

Nov 2020
Trade
Exports | Imports
: $249M | $110M, 24 of 85 | 21 of 84

Nov 2020
Country
Destination | Origin
: China | Ukraine , $52.6M  | $36.8M

Nov 2020
Product
Exports | Imports
: Iron Ore | Other Heating Machinery , $60.4M  | $7.81M

Overview: This page contains the latest international trade data for BELGOROD REGION, including export and import data.

Exports: In 2020, Russia's Belgorod Region exported $2.59B, making it the 23rd largest exporter out of the 85 exporters in Russia. In 2020 the top exports of Belgorod Region were Ferrous products from direct reduction of... ($741M), Rectangular iron or non-alloy steel bars,... ($478M), Semi-finished product, iron or non-alloy steel... ($175M), Iron ore, concentrate, not iron pyrites,unagglomerate ($135M), and Iron ore, concentrate, not iron pyrites,... ($111M).

Imports: In 2020, Russia's Belgorod Region imported $1.17B, making it the 19th largest importer out of the 85 importers in Russia. In 2020 top imports of Belgorod Region were Hot rolled alloy-steel, not in coil... ($41.2M), Railway & tramway axles, wheels and... ($36.9M), Carbon and graphite furnace electrodes ($31.9M), Soya-bean oil-cake and other solid residues ($29.2M), and Steroidal hormones, their derivatives and structural... ($25.9M).

Economic Complexity: In 2019, the highest complexity exports of Belgorod Region according to the product complexity index (PCI) are Steel Ingots (0.87), Locomotive Parts (0.82), Wallpaper (0.74), Unpackaged Medicaments (0.44), and Steam Boilers (0.42). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

#permalink to section
Flow
Value
Reference Period

This section shows the differences between BELGOROD REGION's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Russia's country profile.

Visit Country Profile

Yearly Exports

#permalink to section
Value
Depth

Top Destination (2020): China, $408M

Top Product (2020): Ferrous products from direct reduction of..., $741M

In 2020 the top export destinations of Belgorod Region were China ($408M), Italy ($232M), Kazakhstan ($178M), Turkey ($161M), and Uzbekistan ($136M).

In 2020 the top exports of Belgorod Region were Ferrous products from direct reduction of... ($741M), Rectangular iron or non-alloy steel bars,... ($478M), Semi-finished product, iron or non-alloy steel... ($175M), Iron ore, concentrate, not iron pyrites,unagglomerate ($135M), and Iron ore, concentrate, not iron pyrites,... ($111M).

Explore Visualizations

Exports Dynamics

#permalink to section

Fastest Growing Exports Destination (Nov 2019 - Nov 2020)

Rapidly Declining Export Origins (Nov 2019 - Nov 2020)

Yearly Imports

#permalink to section
Value
Depth

Top Origin (2020): Ukraine, $452M

Top Import (2020): Hot rolled alloy-steel, not in coil..., $41.2M

In 2020 the top import origins of Belgorod Region were Ukraine ($452M), China ($126M), Germany ($103M), Belarus ($89.2M), and Netherlands ($66.4M).

In 2020 the top imports of Belgorod Region were Hot rolled alloy-steel, not in coil... ($41.2M), Railway & tramway axles, wheels and... ($36.9M), Carbon and graphite furnace electrodes ($31.9M), Soya-bean oil-cake and other solid residues ($29.2M), and Steroidal hormones, their derivatives and structural... ($25.9M).

Explore Visualizations

Imports Dynamics

#permalink to section

Fastest Growing Import Origins (Nov 2019 - Nov 2020)

Rapidly Declining Import Origins (Nov 2019 - Nov 2020)

Economic Complexity

#permalink to section

Economic Complexity of Russia

#permalink to section

Belgorod Region ranks 38th out of the 85 districts in Russia according to ECI.

Estimated using exports data.

Discover Economic Complexity

Economic Complexity Ranking

#permalink to section
Scale

The economic complexity of a territory can change year to year. Belgorod Region it is in position 38th considering its ECI in the last year.

Discover Economic Complexity

Export Opportunities by Relatedness

#permalink to section

The top export opportunities according to the relatedness level, without considering those products were Belgorod Region already has a comparative advantage, are led by Wheat (0.11), Dried Legumes (0.11), Linseed (0.1), Nitrogenous Fertilizers (0.1), and Concentrated Milk (0.1).

Most Complex Products by PCI

#permalink to section

The highest complexity exports of Belgorod Region according to the product complexity index (PCI) are Steel Ingots (0.87), Locomotive Parts (0.82), Wallpaper (0.74), Unpackaged Medicaments (0.44), and Steam Boilers (0.42). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

#permalink to section

The most specialized products according to the RCA index are led by Iron Reductions (N/A), Semi-Finished Iron (161), Other Steel Bars (82.6), Margarine (80.3), and Railway Freight Cars (68).

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 Belgorod 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

#permalink to section

This network shows the products most related to the production structure of  Belgorod Region. These are products that tend to be co-exported with the products that Belgorod Region exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

#permalink to section
Depth
Filter

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.