Komi Republic

Federal subject in NORTH WEST FEDERAL DISTRICT, district of Russia

2019
Economic
Complexity
: -0.41, Rank 47 of 64

Nov 2020
Trade
Exports | Imports
: $60.9M | $7.3M, 51 of 85 | 69 of 84

Nov 2020
Country
Destination | Origin
: China | Germany , $8.02M  | $1.55M

Nov 2020
Product
Exports | Imports
: Plywood | Uncoated Paper , $10.4M  | $1.06M

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

Exports: In 2020, Russia's Komi Republic exported $707M, making it the 48th largest exporter out of the 85 exporters in Russia. In 2020 the top exports of Komi Republic were Plywood; with sheets of wood only;... ($120M), Coal tar distillation products nes ($87.9M), Paper, Kraftliner, other than unbleached, uncoated ($84.7M), Petroleum oils, oils from bituminous minerals,... ($62M), and Wood; coniferous species, of pine (Pinus... ($45.9M).

Imports: In 2020, Russia's Komi Republic imported $105M, making it the 66th largest importer out of the 85 importers in Russia. In 2020 top imports of Komi Republic were Plastics: polymers of vinyl chloride, containing... ($9.04M), Sodium chlorate ($8.08M), Taps, cocks, valves and similar appliances,... ($5.44M), Plastic sheet, film, foil or strip,... ($5.39M), and Presses for particle, fibre board, etc... ($5.14M).

Economic Complexity: In 2019, the highest complexity exports of Komi Republic according to the product complexity index (PCI) are Newsprint (1.13), Non-woven Textiles (1.04), Uncoated Paper (0.4), Particle Board (0.21), and Carbon (0.18). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Flow
Value
Reference Period

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

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Yearly Exports

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Depth

Top Destination (2020): Netherlands, $128M

Top Product (2020): Plywood; with sheets of wood only;..., $120M

In 2020 the top export destinations of Komi Republic were Netherlands ($128M), China ($55.1M), Italy ($49.8M), Germany ($48.7M), and Latvia ($35.8M).

In 2020 the top exports of Komi Republic were Plywood; with sheets of wood only;... ($120M), Coal tar distillation products nes ($87.9M), Paper, Kraftliner, other than unbleached, uncoated ($84.7M), Petroleum oils, oils from bituminous minerals,... ($62M), and Wood; coniferous species, of pine (Pinus... ($45.9M).

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Exports Dynamics

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Fastest Growing Exports Destination (Nov 2019 - Nov 2020)

Rapidly Declining Export Origins (Nov 2019 - Nov 2020)

Yearly Imports

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Value
Depth

Top Origin (2020): China, $21.4M

Top Import (2020): Plastics: polymers of vinyl chloride, containing..., $9.04M

In 2020 the top import origins of Komi Republic were China ($21.4M), Germany ($21.1M), Finland ($17.1M), Austria ($13.9M), and Italy ($4.04M).

In 2020 the top imports of Komi Republic were Plastics: polymers of vinyl chloride, containing... ($9.04M), Sodium chlorate ($8.08M), Taps, cocks, valves and similar appliances,... ($5.44M), Plastic sheet, film, foil or strip,... ($5.39M), and Presses for particle, fibre board, etc... ($5.14M).

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Imports Dynamics

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Fastest Growing Import Origins (Nov 2019 - Nov 2020)

Rapidly Declining Import Origins (Nov 2019 - Nov 2020)

Economic Complexity

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Economic Complexity of Russia

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Komi Republic ranks 47th out of the 85 districts in Russia according to ECI.

Estimated using exports data.

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Economic Complexity Ranking

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Scale

The economic complexity of a territory can change year to year. Komi Republic it is in position 47th considering its ECI in the last year.

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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 Komi Republic already has a comparative advantage, are led by Wood Carpentry (0.032), Asphalt Mixtures (0.028), Coal Briquettes (0.028), Carbonates (0.026), and Plastic Pipes (0.026).

Most Complex Products by PCI

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The highest complexity exports of Komi Republic according to the product complexity index (PCI) are Newsprint (1.13), Non-woven Textiles (1.04), Uncoated Paper (0.4), Particle Board (0.21), and Carbon (0.18). 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 Uncoated Kraft Paper (165), Plywood (163), Coal Tar Oil (157), Newsprint (123), and Uncoated Paper (108).

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 Komi Republic 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  Komi Republic. These are products that tend to be co-exported with the products that Komi Republic 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.