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Federal subject in NORTH WEST FEDERAL DISTRICT, district of Russia

2021
Economic
Complexity -0.32Rank 42 of 61
Jan 2022
Trade
Exports | Imports $108M | $7.9M42 of 85 | 66 of 83
Jan 2022
Country
Destination | Origin Netherlands | China $27M  | $1.7M

About

Overview This page contains the latest international trade data for KOMI REPUBLIC. In January 2022 KOMI REPUBLIC was the number 46 in total exports and the number 69 in total imports in Russia.

Exports In 2021, Russia's Komi Republic exported $108M, making it the 46th largest exporter out of the 85 exporters in Russia. In 2021 the top exports of Komi Republic were Light petroleum distillates nes ($314M), Plywood with Fine Hardwood Outer Plies... ($224M), Crude Petroleum Oils ($129M), Bleached Kraft Paper ($121M), and Coniferous Wood: Fir & Spruce (>6mm) ($95.7M).

Imports In 2021, Russia's Komi Republic imported $7.9M, making it the 69th largest importer out of the 85 importers in Russia. In 2021 top imports of Komi Republic were Non-cellular vinyl chloride polymers sheets (<... ($14.8M), Electric Generators (not powered by traditional... ($9.15M), Sodium chlorate ($8.27M), Other plastic sheets ($6.9M), and Dextrins and other modified starches ($5.57M).

Economic Complexity In 2021, the highest complexity exports of Komi Republic according to the product complexity index (PCI) are Newsprint (0.99), Non-woven Textiles (0.83), Uncoated Paper (0.4), Other Uncoated Paper (0.25), Particle Board (0.22), Carbon (0.2), Wood Fiberboard (-0.015), Kraft Paper (-0.084), Toilet Paper (-0.15), and Sulfate Chemical Woodpulp (-0.21). 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 KOMI REPUBLIC exported $108M and imported $7.9M, resulting in a positive trade balance of $99.6M. Between January 2021 and January 2022 the exports of KOMI REPUBLIC have increased by $21.4M (24.9%) from $86.1M to $108M, while imports increased by $373k (4.96%) from $7.53M to $7.9M.

Trade In January 2022, the top exports of KOMI REPUBLIC were Plywood ($20.4M), Kraft Paper ($18.2M), Refined Petroleum ($16.7M), Sawn Wood ($11.8M), and Crude Petroleum ($11M). In January 2022 the top imports of KOMI REPUBLIC were Raw Plastic Sheeting ($1.6M), Uncoated Paper ($1.23M), Dextrins ($612k), Other Plastic Sheetings ($530k), and Chlorates and Perchlorates ($506k).

Destinations In January 2022, KOMI REPUBLIC exported mostly to Netherlands ($27M), China ($7.83M), United States ($5.82M), Germany ($4.97M), and Italy ($4.91M), and imported mostly from China ($1.7M), Austria ($1.46M), Finland ($1.42M), Germany ($1.15M), and Belarus ($656k).

Growth In January 2022, the increase in KOMI REPUBLIC's year-by-year exports was explained primarily by an increase in exports to Netherlands ($11.1M or 70.3%), Egypt ($4.14M or 1.57k%), and United Kingdom ($1.82M or 181%), and product exports increase in Plywood ($7.64M or 59.9%), Uncoated Paper ($5.47M or 122%), and Crude Petroleum ($4.85M or 78.6%). In January 2022, the increase in KOMI REPUBLIC's year-by-year imports was explained primarily by an increase in imports from Belarus ($518k or 374%), Sweden ($296k or 238%), and Uzbekistan ($134k or 72.1%), and product imports increase in Uncoated Paper ($814k or 195%), Polyacetals ($324k or 224%), and Unprocessed Synthetic Staple Fibers ($207k or 295%).

Latest Data

Time Scale
Flow
Color
Depth
EXPORT GROWTH (January 2021 - January 2022)$21.4M(24.9%)
IMPORT GROWTH (January 2021 - January 2022)$373k(4.96%)

This section shows exports and imports data at subnational level for KOMI REPUBLIC. 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 KOMI REPUBLIC over time.

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KOMI REPUBLIC's Monthly Exports
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Exports by Products
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Exports by Countries
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Historical Data

Yearly Exports

Color
Depth
Top Destination (2021)Netherlands$287M
Top Product (2021)Light petroleum distillates nes$314M

In 2021 the top export destinations of Komi Republic were Netherlands ($287M), United States ($106M), China ($99M), Germany ($53.8M), and Italy ($52.4M).

In 2021 the top exports of Komi Republic were Light petroleum distillates nes ($314M), Plywood with Fine Hardwood Outer Plies... ($224M), Crude Petroleum Oils ($129M), Bleached Kraft Paper ($121M), and Coniferous Wood: Fir & Spruce (>6mm) ($95.7M).

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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)
Netherlands $11.1M (70.3%)
Egypt $4.14M (1.57k%)
United Kingdom $1.82M (181%)
Rapidly Declining Export Origins (Jan 2021 - Jan 2022)
Slovenia -$6.03M (-98%)
United States -$3.97M (-40.6%)
India -$1.08M (-78%)

Export Destinations of KOMI REPUBLIC (Jan 2021 - Jan 2022)

Yearly Imports

Color
Depth
Top Origin (2021)Austria$24.9M
Top Import (2021)Non-cellular vinyl chloride polymers sheets (<...$14.8M

In 2021 the top import origins of Komi Republic were Austria ($24.9M), China ($21.6M), Finland ($21.4M), Germany ($20.9M), and Brazil ($4.97M).

In 2021 the top imports of Komi Republic were Non-cellular vinyl chloride polymers sheets (<... ($14.8M), Electric Generators (not powered by traditional... ($9.15M), Sodium chlorate ($8.27M), Other plastic sheets ($6.9M), and Dextrins and other modified starches ($5.57M).

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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)
Belarus $518k (374%)
Sweden $296k (238%)
Uzbekistan $134k (72.1%)
Rapidly Declining Import Origins (Jan 2021 - Jan 2022)
China -$447k (-20.9%)
Finland -$235k (-14.2%)
Austria -$90k (-5.81%)

Import Origins of KOMI REPUBLIC (Jan 2021 - Jan 2022)

Economic Complexity

Economic Complexity of Komi Republic

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Economic Complexity (2021)-0.32

Komi Republic 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. Komi Republic 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 Komi Republic already has a comparative advantage, are led by Veneer Sheets (0.037), Wood Carpentry (0.035), Other Wood Articles (0.032), Frozen Fruits and Nuts (0.029), and Iron Structures (0.029).

Most Complex Products by PCI

The highest complexity exports of Komi Republic according to the product complexity index (PCI) are Newsprint (0.99), Non-woven Textiles (0.83), Uncoated Paper (0.4), Other Uncoated Paper (0.25), Particle Board (0.22), Carbon (0.2), Wood Fiberboard (-0.015), Kraft Paper (-0.084), Toilet Paper (-0.15), and Sulfate Chemical Woodpulp (-0.21). 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 Plywood (213.30), Kraft Paper (177.09), Newsprint (122.30), Uncoated Paper (74.39), and Carbon (64.37).

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 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

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. Bubble size corresponds to exports value by year 2020.

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