Belgorod Region

Federal subject in CENTRAL FEDERAL DISTRICT, district of Russia

Exports (2019): $3.07B, Rnk 25/85

Top Destination (2019): $453M, Italy

Top Export (2019): $929M, Ferrous products from direct reduction of...

Imports (2019): $1.41B, Rnk 20/85

Top Origin (2019): $587M, Ukraine

Top Import (2019): $100M, Railway & tramway axles, wheels and...

Economic Complexity (2019): -0.39, Rnk 42 / 85

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

Exports: In 2019, Russia's Belgorod Region exported $3.07B, making it the 25th largest exporter out of the 85 exporters in Russia. In 2019 the top exports of Belgorod Region were Ferrous products from direct reduction of... ($929M), Rectangular iron or non-alloy steel bars,... ($425M), Semi-finished product, iron or non-alloy steel... ($360M), Iron ore, concentrate, not iron pyrites,... ($138M), and Iron ore, concentrate, not iron pyrites,unagglomerate ($111M).

Imports: In 2019, Russia's Belgorod Region imported $1.41B, making it the 20th largest importer out of the 85 importers in Russia. In 2019 top imports of Belgorod Region were Railway & tramway axles, wheels and... ($100M), Carbon and graphite furnace electrodes ($57.6M), Medicaments nes, formulated, in bulk ($30.3M), Steroidal hormones, their derivatives and structural... ($29.2M), and Soya-bean oil-cake and other solid residues ($27.9M).

Economic Complexity: In 2019, the highest complexity exports of Belgorod Region according to the product complexity index (PCI) are Locomotive Parts (0.99), Steel Ingots (0.7), Wallpaper (0.7), Steam Boilers (0.55), and Unpackaged Medicaments (0.49). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Value
Depth
Year

Top Destination (2019): Italy, $453M

Top Product (2019): Ferrous products from direct reduction of..., $929M

In 2019 the top export destinations of Belgorod Region were Italy ($453M), Turkey ($290M), China ($273M), Ukraine ($244M), and Germany ($238M).

In 2019 the top exports of Belgorod Region were Ferrous products from direct reduction of... ($929M), Rectangular iron or non-alloy steel bars,... ($425M), Semi-finished product, iron or non-alloy steel... ($360M), Iron ore, concentrate, not iron pyrites,... ($138M), and Iron ore, concentrate, not iron pyrites,unagglomerate ($111M).

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Export Dynamics

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Fastest Growing Exports Destination (August 2019 - August 2020)

Rapidly Declining Export Origins (August 2019 - August 2020)

Yearly Imports

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Value
Depth
Year

Top Origin (2019): Ukraine, $587M

Top Import (2019): Railway & tramway axles, wheels and..., $100M

In 2019 the top import origins of Belgorod Region were Ukraine ($587M), China ($132M), Belarus ($107M), Netherlands ($95.1M), and Germany ($92.7M).

In 2019 the top imports of Belgorod Region were Railway & tramway axles, wheels and... ($100M), Carbon and graphite furnace electrodes ($57.6M), Medicaments nes, formulated, in bulk ($30.3M), Steroidal hormones, their derivatives and structural... ($29.2M), and Soya-bean oil-cake and other solid residues ($27.9M).

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Import Dynamics

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Fastest Growing Import Origins (August 2019 - August 2020)

Rapidly Declining Import Origins (August 2019 - August 2020)

Comparison in Time

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Value

This section shows differences between total trade from BELGOROD REGION throughout time.

This section shows forecasts for total exports and imports from BELGOROD REGION. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

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Economic Complexity

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Economic Complexity of Russia

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Belgorod Region ranks 42nd out of the 85 federal subjects in Russia according to ECI.

Estimated using exports data.

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Export Opportunities by Relatedness

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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), Crude Petroleum (0.11), Linseed (0.11), Rough Wood (0.11), and Nitrogenous Fertilizers (0.1).

Most Complex Products by PCI

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The highest complexity exports of Belgorod Region according to the product complexity index (PCI) are Locomotive Parts (0.99), Steel Ingots (0.7), Wallpaper (0.7), Steam Boilers (0.55), and Unpackaged Medicaments (0.49). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Iron Reductions (N/A), Semi-Finished Iron (165), Margarine (80), Railway Freight Cars (79.7), and Other Steel Bars (77.8).

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

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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

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Depth
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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.