Kostroma Region

Federal subject in CENTRAL FEDERAL DISTRICT, district of Russia

Exports (2019): $704M, Rnk 52/85

Top Destination (2019): $429M, United Kingdom

Top Export (2019): $426M, Gold in unwrought forms non-monetary

Imports (2019): $141M, Rnk 64/85

Top Origin (2019): $25.4M, Germany

Top Import (2019): $7.53M, Commodities not specified according to kind

Economic Complexity (2019): -0.44, Rnk 46 / 85

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

Exports: In 2019, Russia's Kostroma Region exported $704M, making it the 52nd largest exporter out of the 85 exporters in Russia. In 2019 the top exports of Kostroma Region were Gold in unwrought forms non-monetary ($426M), Plywood; with sheets of wood only;... ($114M), Medium density fibreboard (MDF), of a... ($31.4M), Jewellery and parts of precious metal... ($29.3M), and Silver in unwrought forms ($18.6M).

Imports: In 2019, Russia's Kostroma Region imported $141M, making it the 64th largest importer out of the 85 importers in Russia. In 2019 top imports of Kostroma Region were Commodities not specified according to kind ($7.53M), Diamonds (jewellery) worked but not mounted... ($6.02M), Paper, coated/impregnated/covered/coloured/printed ne ($5.93M), Parts of refrigerating or freezing equipment ($5.8M), and Machinery to fill, close, aerate,etc bottle,... ($5.05M).

Economic Complexity: In 2019, the highest complexity exports of Kostroma Region according to the product complexity index (PCI) are Other Heating Machinery (1.36), Flat-Rolled Iron (1.18), Engine Parts (1.07), Large Coated Flat-Rolled Iron (0.73), and Iron Radiators (0.71). 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): United Kingdom, $429M

Top Product (2019): Gold in unwrought forms non-monetary, $426M

In 2019 the top export destinations of Kostroma Region were United Kingdom ($429M), Kazakhstan ($38.1M), Belarus ($29.1M), United States ($19.1M), and Switzerland ($15.7M).

In 2019 the top exports of Kostroma Region were Gold in unwrought forms non-monetary ($426M), Plywood; with sheets of wood only;... ($114M), Medium density fibreboard (MDF), of a... ($31.4M), Jewellery and parts of precious metal... ($29.3M), and Silver in unwrought forms ($18.6M).

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Export Dynamics

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Fastest Growing Exports Destination (June 2019 - June 2020)

Rapidly Declining Export Origins (June 2019 - June 2020)

Yearly Imports

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Value
Depth
Year

Top Origin (2019): Germany, $25.4M

Top Import (2019): Commodities not specified according to kind, $7.53M

In 2019 the top import origins of Kostroma Region were Germany ($25.4M), China ($23M), Belarus ($15.6M), Italy ($13.8M), and Armenia ($8.34M).

In 2019 the top imports of Kostroma Region were Commodities not specified according to kind ($7.53M), Diamonds (jewellery) worked but not mounted... ($6.02M), Paper, coated/impregnated/covered/coloured/printed ne ($5.93M), Parts of refrigerating or freezing equipment ($5.8M), and Machinery to fill, close, aerate,etc bottle,... ($5.05M).

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Import Dynamics

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Fastest Growing Import Origins (June 2019 - June 2020)

Rapidly Declining Import Origins (June 2019 - June 2020)

Comparison in Time

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

This section shows forecasts for total exports and imports from KOSTROMA 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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Kostroma Region ranks 46th 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 Kostroma Region already has a comparative advantage, are led by Wood Carpentry (0.05), Insulating Glass (0.044), Ferroalloys (0.043), Potassic Fertilizers (0.043), and Chocolate (0.042).

Most Complex Products by PCI

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The highest complexity exports of Kostroma Region according to the product complexity index (PCI) are Other Heating Machinery (1.36), Flat-Rolled Iron (1.18), Engine Parts (1.07), Large Coated Flat-Rolled Iron (0.73), and Iron Radiators (0.71). 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 Plywood (185), Wood Fiberboard (85), Large Coated Flat-Rolled Iron (75.5), Gold (31), and Silver (24.1).

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

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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.